Unlike many politicians, including Congresswoman Alexandria Ocasio-Cortez and Senator Elizabeth Warren, the billionaire mark Cuban believes that it is necessary to develop large-scale plans to combat inequality.
“The only way to increase the level of well-being is the acquisition of property or shares, said the club owner Dallas Mavericks. — I think we should start with the recognition of this fact, to change the rules. If someone does not have enough money to buy a house, you need to provide more tax incentives. Subsequently, when a man realizes that his property increases in value, he will appreciate the assistance, because his life will be better”.
Cuban also recalled that in 1999, when he and his business partner Todd Wagner sold the portal Broadcast.com provider of Internet services Yahoo! 300 of his 330 employees were co-owners because the acquired shares. “Thanks to this appeared 300 millionaires,” he added, speaking to the income received from the sale of securities were equal to an ordinary, not capital.
In turn, Warren, becoming a candidate, proposed to introduce an additional annual tax of 2-3% on part of income in excess of $50 million, and Ocasio-Cortez called for the establishment for the most wealthy income tax to 70% to Finance projects for the protection of the environment.
Cuban objected to this, noting that the increase in the taxation of rich people does not mean that the poor become more wealthy.