Mark Cuban
How would you destroy the wealth gap ? I have my own ideas. Curious what yours are

RE: https://www.threads.net/@dorkrage/post/DCXY73GSxji
Jordan Schaefer (@dorkrage) on Threads

Mr. Cuban, I believe you. Clever as you are, the socio-economic blowback from what this lunatic is proposing will be so dark, I don't think American will rise up against him, but rather all billionaires who flaunt their "intelligence" over us plebs. We make up the military. We are more numerous. One day soon, a politician will properly rally people to destroy billionaires and the wealthy gap and we will unify under soft socialism. It was in the cards when Trump won.

Threads
Nov 14, 2024 at 11:34pmWeb
Show threadKevin KressNov 14, 2024
1) Wealth tax until no single person has a net worth > 100m dollars. Sorry but billionaires shouldn't exist.
2) Capitol gains tax should be progressive, reaching 100% for gains over 50million dollars.
3) Tax assets used as collateral as realized capitol gains.
Show threadMark CubanNov 14, 2024
Who is going to invest in anything if you know if that investment succeeds you have to liquidate it ? And if there is no investment when you get to 100m or make 50m , why would anyone invest anything. Given 55 pct of new jobs come from startups , that's going to hurt job creation . And the entrepreneurs hurt the most are the ones with the lesser amount of access to capital
How much do you think will be collected after 5 years?
Show threadBrett RounsavilleNov 14, 2024
I feel like this might be the one place where Trump is on the right track. If there's no more wealth there's no more gap.
Show threadscohoeNov 14, 2024

@mcuban tax the rich, seize their assets, redistribute the wealth, UBI.

Few ideas before requiring guillotines.

Show threadS. G.Nov 14, 2024
Tax the wealthy and tax the churches. The deal Reagan made with the evangelical devil that Carter refused help put us here.
Show threadVishesh RaisinghaniNov 15, 2024
Hi Mark! I'm a writer at Moneywise and Yahoo Finance. Could you give me a few wealth gap ideas you have and I can turn it into an article? Thanks 🙏
Show threadVishesh RaisinghaniNov 15, 2024
For context, I basically write about you multiple times a month:
https://finance.yahoo.com/news/life-changing-money-mark-cuban-113000154.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFPsUoPUg4uIIUaSyvy8kzZzpuCIvi2hFRnNfxdUyysrVp0YdB1J38JvfJnvoXlzhxc6sD-IQ8UkRH7JAsDcrgY3M5Id2n7IByLOadXEVxUpa57LuxBWtaXhKbFfOXssm837OnXZhy_ANA94udKUFECVzDz-H_ok00rGJRZ9drBJ
‘It was life-changing money’: Mark Cuban gave $35M in bonuses to Mavs employees — here’s why

What would you do with a windfall?

Yahoo Finance
Show threadPeter WohlersNov 15, 2024
Revise income tax brackets, tax margin loan proceeds as income ( cleaner than “taxing unrealized gains”), lift SS tax income limit dramatically, realign minimum wage and tie it to CPI, and re-evaluate how we provide healthcare as a country.
Show thread𝕂.𝕎. 𝕃𝕖𝕤𝕝𝕚𝕖Nov 15, 2024

@mcuban
Tie CEO pay to the workers’ pay: Nobody at the company can make less than 1 percent of what the CEO earns. Bonuses and perqs and stock dividends included; if the CEOs are doing one of those $1/year thingies because they expect the dividends to be their income, it shouldn’t shaft the workers.

Rising tide raises all boats.

Show threadReid SorensonNov 16, 2024
Tax unrealized capital gains. Most people’s largest asset is their home. Property taxes go up as the value of the home increases, even if they haven’t sold. Why isn’t it the same for other assets like stock? Unfairly favors the super-owners in our society.