Billionaire investor and “Shark Tank” personality Mark Cuban ripped Sen. Elizabeth Warren (D-MA) Tuesday over her socialist proposals to raise taxes.
The Daily Caller reports:
Cuban made the comments at Vox Media’s Code Conference in Los Angeles, where he was discussing women in politics and critiquing the two party system.
“Everybody just takes your money in little chunks, and all of a sudden that adds up. And because you give them these little chunks of money, you have to root for your team,” Cuban said. The entrepreneur then took aim at Warren, saying that while he’d be willing to accept a tax increase, Warren’s plans take it a step too far.
“I don’t mind being taxed more,” Cuban said. “I wrote a blog 20 years ago saying it’s most patriotic thing you can do after military service, is pay your taxes. Because that’s what allows everybody, you know, to live and to prosper. But, yeah, the idea of just, ‘Soak the rich, billionaire tears, let’s sell that cup’ — screw you, Elizabeth Warren, you’re everything wrong with politics.”
Warren has proposed an “ultra-millionaire tax” which would tax the wealth of American households with a net worth greater than $50 million. The proposal, introduced in 2021, would have placed a 2% annual tax on households with a net worth between $50 million and $1 billion. Those with a net worth greater than $1 billion would face an additional 1% surtax.
Warren has long been a radical “tax the rich” leftist, binding together with other extremists like Sen. Bernie Sanders (I-VT) and Rep. Alexandria Ocasio-Cortez (D-NY).