CalSTRS CIO Ailman: Tax Hikes Will 'Weigh Heavy' on Markets

The video discusses President Biden's proposal to increase capital gains taxes and its potential impact on the market. Concerns are raised about the implications for high net worth individuals and the need to address deficits. The discussion also touches on the possibility of companies increasing dividends to avoid higher capital gains taxes. Skepticism is expressed about the likelihood of these proposals being enacted, and the potential long-term market impact is considered. The need for tax code reform and the challenges of Washington's legislative process are highlighted.

In what ways do the speakers believe that the tax code needs to be fixed?

What is the general sentiment towards tax increases among the speakers?