Mark Cuban Still Supports Kamala Despite Admitting Her Policies Would ‘Kill The Stock Market’

Leftists have long made a habit out of voting against their own interests, and recent remarks from billionaire Mark Cuban served as a prime example.

He confirmed that he believes Kamala Harris should be the next President during a CNBC interview in which he also acknowledged the deleterious impact of her tax policies.

According to the Daily Caller:

Harris proposed increasing the capital gains tax rate to 28% during an economic policy speech Wednesday in New Hampshire. Cuban, who is part of a group of over 800 venture capitalist investors and tech leaders who publicly endorsed the Democratic nominee, said Harris should tax all Americans fairly to avoid an economic catastrophe.

“What I told them is if you tax unrealized gains, you’re going to kill the stock market, right? And it’s going to be the ultimate employment plan for private equity because companies are not going to go public because you can get whipsawed, right?” Cuban said.

Cuban recalled a time when his net worth was high but his money in the bank was low, highlighting the potential effects of Harris’s capital gains tax plan.

“Based off the unrealized gains, I would have had to borrow money and I effectively would have been in hot just to pay my tax bill instead of trying to run my company and a thousand other reasons. They realize that is the issue. I can’t repeat it enough. Even though she is not directly conflicting the Biden tax plan, to her, her value proposition is, we need to tax everybody fairly,” Cuban added.

Cuban is far from the only one with major concerns about Harris’ proposal:

NEW: CNBC host Joe Kernen rolls his eyes and laughs after Harris’ economic advisor Bharat Rama tries arguing in favor of Harris’ unrealized capital gains tax.

Rama sat in silence as the hosts poked fun after he tried saying that property tax was an unrealized gains tax.

“It’s… pic.twitter.com/lK4jGL6phz

— Collin Rugg (@CollinRugg) August 28, 2024

DESANTIS ON HARRIS ECONOMIC PLAN: "An unrealized gain – it's not even a gain until you realize it."

"Until you sell it – you don't have it […] The whole thing [of taxing unrealized gains] is ridiculous."

"It's a massive increase in government power to be able to basically… pic.twitter.com/8lJce5VJHt

— Florida’s Voice (@FLVoiceNews) August 29, 2024

It means you will pay taxes on unrealized gains… a home you never even sold.. a stock that is still in your 401k…. These are incompetent nuts! #CommunistKamala #BidenHarrisAdministrationFailure pic.twitter.com/Bj7NrpuOt7

— C.A. (@carimeli) August 29, 2024

Show this to anyone who supports Kamala Harris! "Unrealized Capital Gain!" IS HORRIFYING!👇 pic.twitter.com/xUudbBzLtG

— Michelle #FKH (@MichelleRM68) September 1, 2024

But he was somehow able to form a convoluted argument that resulted in publicly supporting the Democratic nominee despite his obvious opposition to this policy.

As CNBC reported, Cuban’s tactic involves telling voters to simply assume that Harris is lying to them about her intentions:

Billionaire investor Mark Cuban on Thursday insisted that Democratic presidential nominee Kamala Harris would not tax unrealized gains as president.

“Every conversation I’ve had is that it’s not going to happen,” Cuban said on CNBC’s “Squawk Box.”

Cuban, who says he speaks with Harris’ team frequently, maintained to CNBC that she is not interested in taxing unrealized gains.

He cautioned, “I’m not going to speak for the vice president, she makes the final decision.”

Still, “I’m talking to these folks three, four times a week, having back-and-forth conversations, and their verbatim words to me is, ‘That’s not where we want to go.’”

Here’s the clip of his appearance on the cable network: