Mark Cuban is no fan of Republicans or their policies. He has backed every Democratic presidential candidate in the last 20 years, praised AOC and organized business leaders for Kamala Harris.
Now California’s proposed 5% wealth tax on residents with more than $1 billion in assets, has him reconsidering the wisdom of “progressive” policies.
Cuban has warned that if the tax passes he would “make NOT being in California a pre requisite for an investment.”
Then he lampooned Democrats who support this plan saying the new California taxation policy will be:
“Cali, You make it. We take it!” he wrote.
Khanna continued to push back, arguing that most of the roughly 250 California billionaires who could be affected by the tax would not have any liquidity problems.
Cuban ended the exchange quite bluntly (but we cleaned it up a little for our family-friendly HOTLINE audience):
Maybe if there’s a silver lining here it is that the new billionaire tax may persuade some of the super-rich in California that it’s time for an ugly divorce from the Left.

