When it comes to controversial topics in the U.S. economy, it’s hard to find one that’s more touchy to the country’s citizens than that taxes. People who are already on edge become even more so when it comes to taxes, especially when their very own businesses are under fire as a result.
People in the business community probably hate taxes the most, which is why tensions rose dramatically when a new bill was recently suggested. A new 1% tax law that would help share buybacks sparked a bit of outrage among citizens, and certainly a lot of divides as well.
That’s where billionaire Mark Cuban comes into the picture.
The famous entrepreneur and Shark Tank star has always been open about the fact that he doesn’t like buybacks and has even gone on record to say that they’re “not good for most employees of the companies that do” them.
So when this new law was put into question, pending a vote, Cuban continued to express his disdain over the topic. Through a series of passionate tweets, Cuban explained pretty clearly that he doesn’t agree with this law if it were to become official.
And by looking at many of the comments on Twitter, it looks as though many people completely agree with him.