A billionaire stock market visionary has revealed the shocking financial move he would make if Vice President Kamala Harris were to win the presidential election.

John Paulson, known for his lucrative bet against subprime mortgages in 2007, said on Tuesday that he would pull all his assets out of the stock market if the Democrat nominee wins.

‘I think if Harris were elected, I would pull my money from the market,’ he said on Fox Business’ The Claman Countdown.

‘I’d go into cash and I’d go into gold because I think the uncertainty regarding the plans they outlined would create a lot of uncertainty in the markets and likely lower markets.’

The founder of Paulson & Co. whose estimated net worth is $3.8 billion went on to describe how he thinks Harris’ tax policies would scare investors, resulting in a ‘pretty quick recession.’

John Paulson, the billionaire founder of Paulson & Co., known for his lucrative bet against subprime mortgages in 2007, announced on Tuesday he would pull his assets out of the stock market if Vice President Kamala Harris wins the presidency

Paulson explained to Fox Business host Liz Claman that Trump’s and Harris’ economic plans are very different, noting that the former president wants to extend his 2017 tax cuts while Harris wants to let them expire.

‘The Trump policies came out better for the average American,’ argued the investor – a major Trump donor who is being floated as a potential Treasury secretary.

During the Trump administration, average real wages increased by six and a half percent, Paulson said.

He also noted that Harris has proposed raising the corporate tax rate from 21 percent to 28 percent, and wants to raise the capital gains rate from 20 percent to 28 percent.

She has also proposed a 25 percent tax on unrealized gains for individuals making $100 million or more – creating a severe dent in the profits of major investors.

If the 25 percent tax increase were implemented, Paulson said, it ‘would cause mass selling of almost everything – stocks, bonds, homes art.

‘I think it would result in a crash in the markets and an immediate, pretty quick recession,’ Paulson warned.

Paulson told Fox Business host Liz Claman he fears Harris’ tax policies could spook investors

Claman, though, pointed out that some people who were concerned about former President Barack Obama’s economic policies pulled their money out of the market when he was elected – which backfired when stocks continued to perform well.

Paulson then said market timing and investor timing would make the difference in the markets if Harris were elected.

But still, he said, he is not willing to take the chance and would sell off his stocks.

His remarks come just days after JPMorgan Chase CEO Jamie Dimon said he would not rule out an outcome for the US economy which is widely considered to be worse than a recession. 

The chief executive of the country’s biggest bank said this week ‘the worst income is stagflation,’ which he would not ‘take off the table.’

Harris has proposed raising the corporate tax rate from 21 percent to 28 percent, and wants to raise the capital gains rate from 20 percent to 28 percent

Economists widely consider stagflation, last seen in the US in the 1970s, to be worse than a recession. It would send stocks down, hitting 401(K)s and other retirement savings.

Stagflation is the combination of economic stag-nation and in-flation. Prices continue to soar at the same time as unemployment rises and economic growth slows – a triple whammy of problems. 

In a recession, unemployment increases and the economy shrinks – but the silver lining is that there is little or no inflation. 

Dimon says he worries that there are still a raft of inflationary forces on the horizon, and pointed out that higher deficits and increased government spending will add pressure to an economy still reeling from the impact of sustained higher interest rates.

JPMorgan Chase CEO Jamie Dimon has said he would not rule out the possibility of stagflation, which economists consider to be worse than a recession

The JPMorgan Chase CEO has previously warned of an economic slowdown, saying that he would also not rule out a ‘hard landing’ for the US economy.

A ‘hard landing’ is when there is a marked economic slowdown following a period of rapid growth.

Other economists have predicted that the US is on track to stick a ‘soft landing’ – which has only happened once before.

This rare slowdown is when the rate of inflation returns to the Fed’s 2 percent target without triggering a recession.

Dimon, however, said in August that he thinks the odds of this happening are around 35 percent to 40 percent, CNBC reported, implying a recession is the more likely outcome.

Economists have speculated that the US is on the verge of a recession, and Paulson argued that Harris’ tax policies may be the tipping point

Amid the speculation of an impending recession, Republicans have seized on economic issues ahead of the November election.

Earlier this month, a pro-Trump super PAC released an ad telling voters they would be facing an economic cyclone if Harris were elected president – using a roller coaster metaphor to show her careening around the track.

The web ad features dizzying footage of a stand-up roller coaster as it runs through some of Harris’ past statements on the economy and accuses the vice president and Joe Biden of ‘taking us for a ride.’

With ominous music as the ‘Kamala coaster’ swerves down the track, it says Harris to the worst inflation in 40 years and ‘creating a crisis of affordability on groceries, gas, and housing.’

It then features Harris saying ‘Bidenomics is working’ – an effort to yoke her to the unpopular Biden at a time when voters tell pollsters they want change.

‘As president, she wants to raise your taxes, pass a Green New Deal, and double down on Joe Biden’s failed economic policy,’ a narrator says.

The ad ends with a call to ‘get off this roller coaster before it’s too late’ with an unsubtle image for anyone who doesn’t like getting woozy: a steep downhill run with people on the roller coaster audibly screaming.

Goldman Sachs has argued Harris would be better for the economy than former President Donald Trump

Yet Goldman Sachs has offered a different opinion, suggesting Harris would be better for the economy if she triumphs over Trump.

A Democrat win would deliver around 30,000 more jobs a month than under a Republican sweep, new analysis from the bank states.

The Wall Street giant also believes that Harris’ plans to help middle class Americans and small businesses would increase consumer spending, benefitting the wider economy.

That boost would outweigh any negative impact of potential higher taxes on the wealthy and big business, according to the report.

‘A Harris presidency could benefit small and medium businesses as the focus would appear to be on fiscal policies that provide support through tax incentives and grants for startups,’ Javier Molina, senior market analyst at eToro told DailyMail.com.

Harris is also ‘expected to lead to higher job creation when compared to Trump, especially if accompanied by fiscal stimulus and expanded tax credits. This could lead to moderate job growth, boosting sectors like renewable energy and infrastructure,’ Molina explained.

The bank argued that if Trump wins the election, inflation would once again rise and economic output would take a hit in 2025

By contrast, if Trump wins inflation would rise and economic output would take a hit in 2025, Goldman Sachs report argues.

The hit would be a result of much tighter immigration policies that Trump has advocated for, and from increased tariff on imports which the former president has threatened.

‘We estimate that if Trump wins in a sweep or with divided government, the hit to growth from tariffs and tighter immigration policy would outweigh the positive fiscal impulse,’ the bank’s report read.

Increased tariff on goods such as electric cars from China, Mexico and the EU would push core inflation higher, the banks said.

Immigration is widely considered among economists to be a driver for growth as immigrants tend to be younger, boost the labor market and spending.

Goldman argues that curbing immigration in the ways Trump plans to would remove those growth engines, damaging the country’s bottom line.