Ah, Mark Cuban, back at it again, playing the insider game with Kamala Harris’ team. The billionaire investor, who apparently chats with Harris’ aides multiple times a week, went on CNBC’s Squawk Box to assure everyone that Harris won’t be taxing unrealized gains if she lands in the Oval Office.
Cuban’s message? “Don’t worry, folks, Kamala isn’t coming for your unsold stocks.” Sure, Mark. Because if there’s one thing we’ve learned from Democrats, it’s that they always keep taxes in check, right?
Let’s break this down. Cuban’s making sure to remind everyone that he talks to Harris’ people on the regular, as if that’s supposed to make us feel better. “I’m not going to speak for the vice president,” he says, but then proceeds to tell us exactly what her team is supposedly thinking. Apparently, taxing unrealized gains is “not where they want to go.” Oh, thank goodness, because we were all so sure Kamala had our best interests at heart. Who knew Mark Cuban was the guy pulling the strings behind the scenes?
Cuban has been cozying up to Harris for a while now. Let’s not forget he was part of that little group of venture capitalists endorsing her for president earlier this year. So, forgive us for being skeptical when Cuban comes in to play damage control, assuring us that Harris is the voice of moderation, totally different from Biden’s reckless tax hikes. Yeah, she’s really going to be the one to save us from economic ruin.
And speaking of Biden and Harris, remember their big plan? That absurd 25% minimum income tax on Americans worth more than $100 million, which included taxing unrealized gains — because apparently, it’s not enough to tax what you’ve earned, now they want to come after the value of your assets before you even sell them. But Cuban is trying to sell the idea that Harris is somehow walking back from that mess. Sure, she’s “starting from the Biden plan,” but don’t worry, folks — she’s just tweaking things around the edges.
JUST ONE LITTLE EXAMPLE OF UNREALIZED CAPITAL GAIN:
….your mom purchased her home 40 years ago. She paid $50,000 for it. It’s all paid off which is great because mom is living on a fixed income. It is now worth $500,000!!
Kamala wants her to pay 25% of that gain even though she… pic.twitter.com/OaSysswX4C— Debi Bonardi (@BonardiDebi) September 3, 2024
Let’s be clear: Harris hasn’t outright ditched the idea of taxing unrealized gains. She’s just not talking about it… yet. And Cuban? He’s there, doing his best to make it sound like Harris is a safe bet for moderates while she continues to dance around actual specifics. Her latest economic speech? A slight nod to the “billionaire minimum tax,” but she conveniently avoids mentioning what exactly that entails. Smart move, Kamala — keep it vague, keep it safe.
Oh, and about those capital gains? Biden wanted to crank the rate up to 39.6% for households making over a million bucks. Harris, the “moderate” she’s trying so hard to appear as, would settle for 28%. Because, you know, that’s “well below” Biden’s number, so that means she’s striking the “right balance,” right? Sure. It’s like saying, “I’ll only take half your paycheck instead of all of it.”
NEW: Mark Cuban gets flustered & says “no” 16 times after CNBC host Rebecca Quick said Kamala is just telling people what they want to hear.
“No, no, no, no, no, no, no, no, no, no, no, no, no, no, no,” Cuban said.
The “no” comment came after Cuban said Harris’ plan to tax… pic.twitter.com/6B1WeqsqvC
— Collin Rugg (@CollinRugg) September 5, 2024
But let’s not kid ourselves — this is all about optics. Harris is gearing up for her big debate with Donald Trump, and she’s trying to appeal to those elusive moderate voters. Cuban’s here to soften her edges, making her seem like a pragmatic leader rather than the left-wing puppet we all know she really is. But don’t be fooled — when push comes to shove, Democrats have never met a tax they didn’t like.
