Mark Cuban explains how abolishing billionaires could harm the stock market and Americans' savings

businessinsider.com

Mark Cuban stated that eliminating billionaires would necessitate destroying the stock market, which would devastate Americans' savings. Cuban explained that billionaires are a product of stock markets and forcing them to sell would crash the market, impacting the savings of over half the country. He believes taxing billionaires won't solve inequality. He suggested that a fairer system would involve employees receiving company stock proportional to their earnings, similar to CEOs. Cuban also expressed concern that no one is focused on helping everyone earn more.


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Mark Cuban explains how abolishing billionaires could harm the stock market and Americans' savings | News Minimalist