Mark Cuban says the only way to eliminate billionaires would be to destroy the stock market — and doing so would wipe out the savings of ordinary Americans.
In a string of posts on BlueSky on Thursday night, the billionaire investor and former “Shark Tank” star rebuffed users who argued that wealth inequality could be solved by taxing or capping billionaires’ wealth.
Mark Cuban
Cuban — whose $6 billion fortune from tech startups, investing, and owning the Dallas Mavericks makes him one of the world’s richest people — said that extreme wealth is an inevitable byproduct of the market system.
“Billionaires will exist as long as stock markets exist,” he wrote. “Should we get rid of the stock market?”
When one user said they’d like to see the market go if it meant preventing “disgusting examples of extreme wealth,” Cuban replied: “What should people do with the money they save?”
He warned that dismantling the market would have catastrophic effects for everyone, not just the rich.
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