'I hate the idea of a Sovereign Wealth Fund. If the government had a surplus. Maybe. But with a deficit, it makes no sense at all,' Cuban wrote on social media.
Billionaire and Shark Tank star Mark Cuban recently criticized a new idea of a sovereign wealth fund floated by former President Donald Trump and President Joe Biden as 'stupid.'According to Bloomberg, top Biden aides are working on a proposal to establish a U.S. sovereign wealth fund, designed to invest in critical national security sectors.
That's very different from taxing someone at 10 pct or more so that you can earn less on the fund,' Cuban wrote.While Vice President Kamala Harris', the Democratic presidential nominee, stance on this idea is unclear, she has laid out her own economic agenda.In New Hampshire this week, Harris called for higher taxes on upper-income households, bigger tax deductions for startup businesses, and greater financial assistance for first-time homebuyers.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mark Cuban Makes Eye-Opening Klay Thompson, Luka Doncic StatementDallas Mavericks minority owner Mark Cuban spoke on how the Golden State Warriors used Klay Thompson
Read more »
Mark Cuban polls followers on which 2024 presidential candidate they want their kids to be likeToday's Video Headlines: 8/31/24
Read more »
Mavericks thought Jalen Brunson was 'chubby' in pre-draft scouting report, Mark Cuban revealsMark Cuban’s podcast appearance with Jalen Brunson and Josh Hart yielded a revealing moment about what the Mavericks thought of Brunson upon drafting the point guard.
Read more »
Mark Cuban Pushes Social Media Poll to Attack Trump, it BackfiresSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
New York Knicks Captain Proved Mark Cuban WrongJalen Brunson's rise to the New York Knicks captaincy surprised former boss Mark Cuban.
Read more »
Mark Cuban Raises Question About Donald Trump vs. Kamala Harris PollMark Cuban raised a question to Elon Musk over the amount of votes to the amount of engagement a poll about Donald Trump and Kamala Harris received.
Read more »