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Mornings With Maria
August 17, 2026
01:03
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Mark Cuban warns California billionaire tax will drive out startup founders
Mark Cuban clashes with Representative Ro Khanna over California’s proposed wealth tax on billionaires. Cuban warns the tax on paper wealth will drive out startup founders, calling the policy ‘ideology, not a strategy.’
Billionaire businessman Mark Cuban clashes with California Representative Ro Khanna over the state’s proposed 5% wealth tax targeting billionaires. Cuban warns that taxing unrealized stock wealth will force startup founders to leave the state, calling the policy ‘ideology, not a strategy.’ Khanna defends the proposal, arguing that voters want a party that stands up for the working class over billionaires.
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