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• Gaser Lehrling III | 156 Beiträge
In a new interview, Dallas Mavericks owner Mark Cuban praised Queens Congresswoman Online Cigarettes Store USA and Buy Cigarettes Online Alexandria Ocasio-Cortez (D-NY) for her social media savvy but dismissed some of her criticism of capitalism as “headline porn.”
“I love AOC,” says Cuban, a billionaire entrepreneur and host of the television show “Shark Tank.” “She's learned the lesson of social media where you get long and you get loud and you get people's attention, and then you deal with substance after that.”
“I don't always agree with her,” he adds, dismissing as “headline porn” a statement made by Ocasio-Cortez in January after she affirmatively responded to the comment that a system that allows billionaires to exist is immoral.
“I don’t think that necessarily means that all billionaires are immoral,” she added.
In January, Ocasio-Cortez proposed a 70% marginal tax rate for income at or above $10 million. In reference to higher taxes on the wealthy, Cuban said he wasn’t “a fan of trickle down taxation.”
“The concept that just tax those who have a whole lot more, then all of a sudden, it'll find its way to those who need it,” he adds. “Doesn't work, hasn't worked, won't work.”
The top tax rate in the U.S. reached an all-time high of 94% in 1944, three years after the Japanese attack on Pearl Harbor. Until Ronald Reagan took office in 1981, the top tax rate remained above 70%. The two decades after WWII are widely considered boom years for U.S. economic growth, though economists disagree about the role of progressive measures like high taxes and union density.