Mark Cuban takes shot at AOC, Sanders, Warren

Despite the fact that politicians like U.S. Rep. Alexandria Ocasio-Cortez (D-NY) and presidential candidates U.S. Sen. Bernie Sanders (I-VT) and U.S. Sen. Elizabeth Warren (D-Mass.) have made it a point to call out the top 0.1%, not everyone agrees with their philosophies.

Billionaire Mark Cuban implied that had they been as successful as him, they might not have as much to say about the ultra-wealthy. He remarked that AOC’s criticism of capitalism is “headline porn” and noted the fact she started a business, a now-defunct publisher called Brook Avenue Press.

“Bernie Sanders has a book business, you know, Elizabeth Warren buys and sells houses — or did,” Cuban said. “If they would have had the level of success that I and others have had, I don’t think they’d be complaining as much.”

He is likely referring to how Warren previously “bought or helped finance two dozen properties in Oklahoma,” according to the Boston Globe. Sanders, meanwhile, profited from his best-selling book “Our Revolution.”

Cuban made the remarks to Editor-in-Chief Andy Serwer in an episode of “Influencers with Andy Serwer,” a weekly interview series with leaders in business, politics, and entertainment.

‘The greatest cost to business is...’

Cuban has had a relatively successful career — according to Forbes, his net worth is $4.1 billion. The billionaire owns the Dallas Mavericks basketball team and is a startup investor, having poured money into over 120 tech startups and invested in hundreds of ventures while hosting “Shark Tank.” And, in an interview with the New York Daily News, he revealed he hasn’t ruled out a 2020 presidential run yet, either.

As a means for ensuring there is less wealth inequality, AOC proposed a 70% tax on those who earn more than $10 million, while Warren has suggested a 2% wealth tax on individuals who possess a net worth over $50 million and 3% tax on those over $1 billion. In both of those circumstances, that would entail Cuban paying significantly higher taxes.

And while he has not vocalized a specific plan at tackling this issue, self-proclaimed socialist Bernie Sanders hasn’t been shy about his opinions: In a speech at the George Washington University on June 12, he singled out President Trump, Wall Street, fossil fuels, and Amazon (AMZN).

In his speech, Sanders said, “While President Trump and his fellow oligarchs attack us for our support of democratic socialism, they don’t really oppose all forms of socialism.” He quoted Martin Luther King Jr. by charging the U.S. “has socialism for the rich, rugged individualism for the poor.”

Despite what Cuban sees as a lack of understanding from people like Sanders and Warren, “that doesn’t mean that there’s not an income inequality problem,” he said. “There is. And it’s something we have to deal with. I tell other business people that the greatest cost to business is social disruption.”

“If people are rebelling and burning things and aren’t satisfied with their lives and they’re [incentivized] to do horrific things, that’s the greatest cost of business,” Cuban said. “And that costs us more. Now the question becomes, how do we deal with it?”

Mark Cuban business quotes
See Gallery
Mark Cuban business quotes

#1: "I still work hard to know my business. I'm continuously looking for ways to improve all my companies, and I'm always selling. Always."

Credit: Getty

#2: "When you've got 10,000 people trying to do the same thing, why would you want to be number 10,001?"

Credit: Getty

#3: "Because if you're prepared and you know what it takes, it's not a risk. You just have to figure out how to get there. There is always a way to get there."

Credit: Getty

#4: "Go out there and get rich. Get so obnoxiously rich that when that tax bill comes, your first thought will be to choke on how big a check you have to write."

Credit: Getty

#5: "​In the past, people used to tell me to shut up a bit. But what I believe is to put out your opinion and let everyone else react. If I'm wrong, I'm wrong."

Credit: Getty

#6: "I've learned that it doesn't matter how many times you failed. You only have to be right once. I tried to sell powdered milk. I was an idiot lots of times, and I learned from them all."

Credit: Getty

#7: "Work like there is someone working 24 hours a day to take it all away from you."

Credit: Getty

#8: "Forget about finding your passion. Instead, focus on finding big problems."

Credit: Getty

#9: "It's not about money or connections -- it's the willingness to outwork and outlearn everyone when it comes to your business. And if it fails, you learn from what happened and do a better job next time."

Credit: Getty

#10: "What I've learned is that if you really want to be successful at something, you'll find that you put the time in. You won't just ask somebody if it's a good idea, you'll go figure out if it's a good idea."

Credit: Getty


Read Full Story