So this camera-seeking grifter pretending to be a Congressman, Ro Khanna, is endorsing a wealth tax for billionaires in California.
1) Notice he’s restricting it at that level because he’s worth several hundred million so happened to exempt himself.
2) He phrases it as something done on behalf the working class, but simply stealing money from job-producers and investors doesn’t actually help the working class in any tangible way.
3) When pushed by Mark Cuban because it’s obviously a terrible idea that will drive investors out of CA and bankrupt growing companies, Khana’s solution is to have the government give fake loans to pay the put entrepreneurs in debt to the government with the potential to lose their equity if they can’t somehow magically convert their investment into liquid funds.
Cuban calls it crazy, but it’s honestly so much worse. It’s just an attempt to use envy to score political points while advocating destructive communist ideas.
Keep in mind this is coming from a Rep that ran on and spent years pretending to be a moderate. That sold that fake image to his district full of founders and job-creators. This guy doesn’t belong anywhere near a position that determines policy outcomes for anyone.