/Meet the Latest Billionaire to Bash Democrat’s Tax Plan

Meet the Latest Billionaire to Bash Democrat’s Tax Plan

Billionaire Mark Cuban offered a withering critique of Sen. Elizabeth Warren’s tax plan on Twitter, saying it “diverts attention from reality.”

Cuban further stated that Warren is deliberately misleading voters on the cost of her “Medicare for All” proposal, which experts predict could cost up to $32 trillion. (CNBC)

Warren’s wealth tax, exemplified by the “two cents” chant that dominates her rallies, calls for a 2% tax on every dollar a household has above $50 million, which would increase to a 6% tax for households with assets of more than $1 billion. That money would be used to pay for a variety of her policy proposals, including her “Medicare for All” plan.

Cuban, who owns the Dallas Mavericks, highlighted Warren’s income and net worth, which at $12 million puts her squarely among the top 1% in America.

Warren’s net worth is actually fourth place in the Democratic field, behind billionaire Tom Steyer, former Maryland congressman John Delaney, and Colorado Senator Michael Bennet.

While Cuban declared Warren the smartest of the 2020 candidates, he also suggested that Warren is “intellectually misleading the public” on the prospects of funding her Medicare for All policy, which Warren says would cost $20.5 trillion over 10 years but some policy experts have pegged at $32 trillion over the same time frame.