Anti-Trump billionaire Mark Cuban referred to as in to CNBC this week and criticized Kamala Harris’s plan to tax unrealized good points, saying it might mainly tank the inventory market.
When the hosts identified that the plan was not solely a foul concept, 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 saved urgent him.
Cuban finally changed into a stuttering mess, saying ‘no’ again 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 price to twenty-eight% throughout an financial coverage speech Wednesday in New Hampshire. Cuban, who’s a part of a gaggle of over 800 enterprise capitalist buyers and tech leaders who publicly endorsed the Democratic nominee, stated Harris ought to tax all Individuals pretty to keep away from an financial disaster.
“What I instructed them is should you tax unrealized good points, you’re going to kill the inventory market, proper? And it’s going to be the last word employment plan for personal fairness as a result of corporations aren’t going to go public as a result of you may get whipsawed, proper?” Cuban stated.
Cuban recalled a time when his internet 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 alternate from Twitter/X:
Mark Cuban will get flustered & says “no” 16 instances after CNBC host Rebecca Fast stated Kamala is simply telling folks what they need 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 instructed him “they understand” that taxing unrealized good points is a matter.
Right here’s the clip:
NEW: Mark Cuban will get flustered & says “no” 16 instances after CNBC host Rebecca Fast stated Kamala is simply telling folks what they need 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 explanation Cuban bought caught on this entice 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 best way that they did.