Dallas Mavericks owner Mark Cuban recently raised concerns about Republican presidential candidate Donald Trump’s economic plan, commenting on ‘Cavuto: Coast to Coast,’ “I have my Trump hedge on. In the event Donald wins, I have no doubt in my mind that the market tanks. And so, I literally have put on more than 100% hedge…”
Continue Reading Below
Trump responded to Cuban’s comments, saying, “Well, I know Mark and, you know, the problem with Mark is he’s not smart enough to understand what we’re doing, he’s really not smart enough in my opinion to really understand what’s going on.”
Trump then pointed out America’s mounting debt crisis.
“And, I think this, look, I think that this plan is a great plan, we’re in trouble. Explain to Mark, we have $20 trillion in debt, we have high taxes in this country, very high taxes,” Trump told the FOX Business Network’s Maria Bartiromo.
Trump explained that those high taxes, along with regulations, are driving companies to relocate overseas.
“Our companies, much like New York but on a much larger scale, our companies are leaving, they’re leaving this country, they’re moving to other countries. They’re leaving for lots of reasons, but they’re leaving because taxes are too high, regulations are too high and they’re leaving because they can’t get money back that is their money, they can’t get money back into our country, both bureaucratically and from a tax standpoint.”