sponsor




Mark Cuban Shreds Elizabeth Warren Over Tax Plan


Billionaire businessman Mark Cuban shredded Senator and 2020 presidential candidate Elizabeth Warren on Saturday for her proposed tax plan that would substantially raise taxes on the wealthy. “Add them up and many of the very wealthiest could pay a marginal effective tax rate on their investments that exceeds 100 percent," Forbes reported.

Cuban made sure to slam Warren for her socialist plan saying, “The reality for @ewarren is that this is as much to divert attention from her income and net worth as anything else. Other than steyer she is the wealthiest of all the Dem Candidates. By far.”


sponsor


He wasn't finished. Cuban went on to hammer Warren for her hypocrisy. "According to her filings she made 900k last year which means her family earns more than 2x the amount needed to be a 1 percenter. She paid 25.5% of that in taxes which is less than the % I paid in taxes (29.85%)" he continued.

***EXCLUSIVE OFFER: Which of these 6 Trump products would you like for FREE?***

Cuban added that Warren was "filthy rich" considering she is worth around $12 million.

"Forbes says her networth is north of $12m . That's being rich. Filthy rich. I'm sure it's richer than she ever imagined she would be. Good for her. She earned it. It puts her millions above the threshold for being part of the richest 1 percent by networth in our country," he said.

Warren's plan is so ridiculous that some billionaire's would actually pay more in taxes than they make. 

“So in some cases and some years, multibillionaires could owe the government more than they made in profits. That’s because these taxpayers would be taxed at a 6 percent rate even if their portfolios held, say, Treasury bonds that paid just 2.5 percent,” the New York Times reported.

Check out what the Daily Wire reported:

In September 2017, The Washington Times reported that Warren met WRKO radio host Jeff Kuhner and nodded when Kuhner commented, “Question: You often say, and I agree with you, that the 99 percent are getting shafted by the one percent. You live in Cambridge, you’ve got a $2 million mansion.”
Kuhner continued, “Plus you’re a multimillionaire yourself. How can you rail against the one percent, when in a sense, you are and live like the one percent?”

Back in January, Politico reported on how Starbucks CEO Howard Schultz hammered Warren’s tax plan, “which would create a 2 percent wealth tax on those with a net worth above $50 million and impose an additional 1 percent on net worth above $1 billion.” Schultz shredded, “However, when I see Elizabeth Warren come out with a ridiculous plan of taxing wealthy people a surtax of 2 percent because it makes a good headline or sends out a tweet when she knows for a fact that’s not something that’s ever gonna be passed, this is what’s wrong. You can’t just attack these things in a punitive way by punishing people.”

What are your thoughts? Let us know in the comments below!

sponsor
sponsor

Biden Says Free College For All Will Cost $150 Billion; His Campaign Says That's Wrong

Report Claims Trump Set to Fire FBI Director Wray, CIA Director Haspel if Reelected

BREAKING: Bobulinski To Play Damning Recordings Of Biden Family Operatives On Tucker Carlson

Police Departments in Urban Centers Preparing for Post-Election Unrest, Rioting

Tapper Doing Biden's Bidding, Echoes Debunked Claim White House Silenced COVID Experts

Joe Biden Gets "Fact Checked" By His Own Campaign After He Says Free College Would Cost $150 Billion

BREAKING: Vladamir Putin Speaks Out Against Hunter Biden, Says He "Made Very Good Money"

WATCH: Trump Says Biden; "Waved White Flag On Life. He Doesn't Leave His Basement"

Biden Blames The Russians For Damning Contents On Hunter’s Smoking Laptop

Hillary: The Idea Of A Trump Win 'Makes Me Literally Sick To My Stomach'

Trump Mocks Biden's Latest LID: 'It's Like A Garbage Can, You Put A Lid On It'

WATCH: Rapper 'Lil Pump' Endorses Trump; 'F**K SLEEPY JOE! TRUMP 2020!'

WATCH: Joe Biden Confuses Trump With GEORGE BUSH; "4 More Years Of George eh...George eh..."

WATCH: Reporter Asks Biden About His Son, Biden Loses It And Starts Talking About Coronavirus

Arizona Border Sheriff Mocks Leftists Over Trump 'Coyote' Reference: 'Not a Joke To Us Out Here'

sponsor