Shark Tank star and investor Kevin O’Leary spoke out about former President Donald Trump’s $350 million-plus fraud judgment Monday on Fox Business Network’s “Kabuto Coast to Coast.” He said the current situation is causing him to reconsider investing in New York, a “big loser state.”
Mr O’Leary said: “I’m no different from any other investor. This shocked me. I don’t understand or understand that decision at all. There’s no basis for it.”
“It doesn’t matter what the governor says. Just like California is a losing state, New York was already a losing state. It’s a losing state because of its policies, high taxes, and uncompetitive regulations.” There are a lot of them. It was already at the top of the list of losing states. I would never invest in New York now. I’m not the only one saying that.”
O’Leary continued, “That’s why New Yorkers should be concerned. The upstanding people of New York should ask themselves why we are a losing state. How do we attract business? What’s going to happen with new funding, like that $4 billion data center that I’m talking about, rather than just moving it to Florida? There’s no possibility of putting it in New York.”
He concluded: “They have a lot of work to do to get out of this situation, but this is what happened after the pandemic.” It’s a state of winners and losers. Check out the fast-growing city, great policies, and competitive taxes in Nashville, Tennessee. We have to start thinking about this in the context of winners and losers. New York is a huge loser state. ”
Follow Pam Key on Twitter @pamkeyNEN
