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Nov. 16, 2019, 2:52 p.m. EST

Mark Cuban shreds Elizabeth Warren’s proposals, compares her to Trump

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By Shawn Langlois, MarketWatch


Reuters
Billionaire Mark Cuban

Mark Cuban over the weekend joined more wary billionaires in criticizing Democratic presidential hopeful Elizabeth Warren for what he describes as “misleading the public” with her proposals.

‘The Senator is like every other candidate. She is selling shiny objects to divert attention from reality. Haven’t we had enough of that from @realDonaldTrump.’

That is just one of the many tweets Cuban fired off in recent days taking exception with the foundation of Warren’s campaign.

Specifically, like several billionaires before him, Cuban went after Warren’s wealth tax, which would levy a 2% tax on every dollar above $50 million in assets and a 6% tax on households crossing the $1 billion threshold.

Cuban made her proposal out to be more of a smokescreen.

While he acknowledged that Warren is “probably is the smartest of all the candidates,” he also suggested she knows her Medicare-for-All plan won’t fly.

A number of billionaires have been critical of Warren, with the likes of Leon Cooperman, Steve Cohen and Paul Tudor Jones all sharing gloomy predictions of what she would mean for the stock market.

Representatives for Warren’s 2020 presidential campaign didn’t immediately respond to an emailed request for comment about Cuban’s tweets.

Shawn Langlois is an editor and writer for MarketWatch in Los Angeles. Follow him on Twitter @slangwise.

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