On Monday, billionaire investor Carl Icahn praised Donald Trump’s “Brilliant Inaugural Speech” by saying that the U.S. had avoided a major threat to capitalism, socialism.

Previously Icahn said to CNBC:

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I Do Believe That Donald Being Elected President Was Extremely Positive. Extremely Positive If He Wasn’t Elected And You Had Four More Years Of What We Were Doing, We Were Moving On A Fast Track To Socialism Which I Do Not Believe Works. It Was Extremely Positive That He Was Elected And I Think He’s Going To Do A Very Good Job That’s What I Believe.