Anti-Trump billionaire Mark Cuban known as in to CNBC this week and criticized Kamala Harris’s plan to tax unrealized good points, saying it could mainly tank the inventory market.
When the hosts identified that the plan was not solely a nasty thought, however that Harris has not been clear about her plans and is making issues up as she goes alongside, Cuban tried to stroll again his criticism and defend Harris, however the hosts stored urgent him.
Cuban ultimately changed into a stuttering mess, saying ‘no’ time and again.
The Daily Caller reported:
Mark Cuban Says Kamala Harris Would ‘Kill The Inventory Market’
Billionaire investor Mark Cuban warned that 2024 Democratic presidential nominee Kamala Harris’s financial plan would “kill the inventory market” Thursday on CNBC’s “Squawk Field.”
Harris proposed rising the capital good points tax charge to twenty-eight% throughout an financial coverage speech Wednesday in New Hampshire. Cuban, who’s a part of a bunch of over 800 enterprise capitalist buyers and tech leaders who publicly endorsed the Democratic nominee, stated Harris ought to tax all People pretty to keep away from an financial disaster.
“What I informed them is when you tax unrealized good points, you’re going to kill the inventory market, proper? And it’s going to be the final word employment plan for personal fairness as a result of firms are usually not going to go public as a result of you may get whipsawed, proper?” Cuban stated.
Cuban recalled a time when his web value was excessive however his cash within the financial institution was low, highlighting the potential results of Harris’s capital good points tax plan.
Extra of the change from Twitter/X:
Mark Cuban will get flustered & says “no” 16 occasions after CNBC host Rebecca Fast stated Kamala is simply telling folks what they wish to hear.
“No, no, no, no, no, no, no, no, no, no, no, no, no, no, no,” Cuban stated.
The “no” remark got here after Cuban stated Harris’ plan to tax unrealized good points would crash the inventory market.
Cuban then assured the hosts that the Harris marketing campaign informed him “they notice” that taxing unrealized good points is a matter.
Right here’s the clip:
NEW: Mark Cuban will get flustered & says “no” 16 occasions after CNBC host Rebecca Fast stated Kamala is simply telling folks what they wish to hear.
“No, no, no, no, no, no, no, no, no, no, no, no, no, no, no,” Cuban stated.
The “no” remark got here after Cuban stated Harris’ plan to tax… pic.twitter.com/6B1WeqsqvC
— Collin Rugg (@CollinRugg) September 5, 2024
The rationale Cuban bought caught on this lure is as a result of Harris has not been clear on her plans and insurance policies. The CNBC hosts had been precisely proper to name this out in the way in which that they did.
