Mark Cuban, the billionaire entrepreneur and star of Shark Tank, recently took to social media to engage in a storm of tweets about Vice President Kamala Harris’s economic proposals. Responding to numerous comments and criticisms, Cuban sought to clarify what Harris actually said, particularly around the issue of price controls, which has been a hot topic since her recent speech.
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One of the key points Cuban made was in response to claims that Harris was pushing for price caps or controls on essential goods. This idea seemed to have gained traction, but Cuban was quick to dispel the notion. In one tweet, he asked, “Are you saying that all 37 states, including Texas, that have price gouging laws are using them for price caps?” He emphasized, “There is nothing she said that relates to price caps or price controls. Lots of people guessed that is what she would do. She didn’t.”
From the transcript of her speech
“My plan will include new PENALTIES for opportunistic companies that exploit CRISES .AND. break the rules.
And we will support smaller food businesses that are trying to play by the rules and get ahead.”
Nothing about price controls or…
— Mark Cuban (@mcuban) August 18, 2024
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Cuban even referenced the transcript of Harris’s speech to back up his point that this statement doesn’t mention price caps or controls, likening it to the existing price gouging laws in 37 states.
Cuban also addressed broader concerns about Harris’s ability to deliver on her promises, particularly given her role as Vice President. Responding to criticism that Harris has had nearly four years in office to address issues like inflation, Cuban drew parallels to former Vice President Mike Pence. He argued that just as Pence wasn’t responsible for major policy failures like not finishing the border wall or overhauling health care, Harris, too, is limited in what she can achieve independently.
How your guy wants to defeat inflation
“On my first day back in the Oval Office, I will sign an executive order directing every Cabinet secretary and agency head to use every tool and authority at their disposal to defeat inflation and bring consumer prices rapidly down,” Trump… https://t.co/BMgMLM1DNA— Mark Cuban (@mcuban) August 18, 2024
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He also compared Harris’s approach to inflation to that of former President Donald Trump. He shared a quote from Trump in which Trump promised to tackle inflation through executive orders and rapid action by government agencies. Cuban criticized this as vague and lacking in substance, pointing out that Harris has only been a candidate for four weeks, while Trump has had much longer to refine his plans.
While Mark Cuban is backing Kamala Harris’s economic plans and clearing up misunderstandings about price caps, it’s worth noting that not everyone is on board. Some people feel that since Harris is part of the current administration, she shares in the blame for the high inflation we’re dealing with now. They also worry that her focus on penalizing companies for price gouging doesn’t tackle the bigger issues behind rising prices.
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This article Mark Cuban Responds To Kamala Harris’ Economic Plan With Dozens of Tweets, Says She Didn’t Mention Price Caps Or Price Controls originally appeared on Benzinga.com
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