Mark Cuban Slams Elizabeth Warren for Messaging on Wealthy Americans

Cuban said that taxing unrealized gains, as Warren has suggested, "would be a disaster."

learn more about Entrepreneur Staff

By Entrepreneur Staff

Todd Kirkland | Getty Images

Mark Cuban, a billionaire who owns the Dallas Mavericks and is known for his role on Shark Tank, spoke out against Sen. Elizabeth Warren (D-MA) Monday, criticizing her messaging about wealthy Americans.

During an appearance on Fox Business Network, he said, "I don't think Elizabeth Warren knows at all what she's talking about when she deals with this. I think she just likes to demonize people that are wealthy and that's fine."

Cuban said that taxing unrealized gains, as Warren has suggested, "would be a disaster."

Related: Mark Cuban May Have to Pay the State of Texas Millions If He Doesn't Play the National Anthem at Home Games

"It's a great political move for her, but I just don't think that they really understand the implications of taxing unrealized gains," Cuban told anchor Niel Cavuto. "People are going to have to sell things they otherwise would not sell. People are not going to make the same investments."

An analysis from the University of Pennsylvania's Wharton School earlier this year showed that the senator's plan to tax the wealthiest Americans' net worth could reduce the country's economic growth by 1.2% over the next three decades.

"I know it would change investment attitudes and approaches and I just think it would hurt the market," said Cuban, who has argued that one of the most patriotic things a person can do is "make a boatload of money" and pay "lots of taxes."

Entrepreneur Staff

Entrepreneur Staff

Editor

Related Topics

Editor's Pick

Everyone Wants to Get Close to Their Favorite Artist. Here's the Technology Making It a Reality — But Better.
The Highest-Paid, Highest-Profile People in Every Field Know This Communication Strategy
After Early Rejection From Publishers, This Author Self-Published Her Book and Sold More Than 500,000 Copies. Here's How She Did It.
Having Trouble Speaking Up in Meetings? Try This Strategy.
He Names Brands for Amazon, Meta and Forever 21, and Says This Is the Big Blank Space in the Naming Game
Leadership

How to Detect a Liar in Seconds Using Nonverbal Communication

There are many ways to understand if someone is not honest with you. The following signs do not even require words and are all nonverbal queues.

Business News

Would You Buy Maggie Murdaugh's Monogrammed Snake Print Pillows? Items From the Murdaugh Family Home Are Going Up for Auction

The sale comes just weeks after Alex Murdaugh was sentenced to two consecutive life terms for the June 2021 murders of his wife, Maggie Murdaugh, and son Paul Murdaugh.

Living

Learn Up to 24 Languages with This Price Drop on Rosetta Stone

Get unlimited access to Rosetta Stone for only a fraction of the cost.

Marketing

How to Get High Quality Leads From LinkedIn At No Cost

Struggling to figure out how to get top-quality leads through LinkedIn? Keep reading to learn the best LinkedIn lead generation practices that work and the common mistakes you must avoid.

Business News

Shohei Ohtani Is the First MLB Player to Hit 4 Million Followers on Instagram

The Angels' sensation reportedly gained around 2 million followers during the 2023 World Baseball Classic.