@mcuban: Ro, “in your scenario, the founder could sell to pay a one time 5 percent tax or the state could sell it if he defaults…
Summary
Mark Cuban criticizes Ro Khanna's proposal to tax California billionaires, arguing it unfairly targets entrepreneurs with illiquid assets while leaving wealthy executives with public stock unaffected.
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Ro, “in your scenario, the founder could sell to pay a one time 5 percent tax or the state could sell it if he defaults on the loan”
Ro, this is the biggest fuck you in the history of entrepreneurship. Ever.
Creating jobs but don’t have cash. Fuck you
Can’t sell shares, we will sell it for you, to whoever. Fuck you.
Creating jobs. Paying great wages instead of taking cash out yourself. Fuck you
Reinvesting into your company and community. Fuck You.
Don’t you know that Jensen, and Lisa Su, and people who have vast amounts of liquidity already have no problem with it. Fuck You
There is a huge difference between someone with liquidity , running a huge public company, and someone who has dedicated every minute of who knows how many years, to building a company, to finally have a dream financing come true , only to be insulted by a politician. “We will sell your shares for you “
GTFO
Ro Khanna (@RoKhanna): Mark, most of the 250 billionaires in California DO NOT have this liquidity issue. They have public stock.
In your scenario, the founder could sell to pay a one time 5 percent tax or the state could sell it if he defaults on the loan.
Ask Jensen, Lisa Su, Sundar if they plan to
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