Kevin O'Leary, star of the popular TV show “Shark Tank,” said on Fox News Channel's “Your World” on Monday that corporate investors are concerned that Vice President Kamala Harris has not released details of her economic plan.
“We don't know yet because we haven't heard any details from Ms. Harris. She's all sugar and no protein, that's all,” O'Leary said. “This is really a big issue for investors. Let's not forget, the United States is the largest economy in the world. More than 85% of jobs are created by the private sector. Corporate investors and leaders like me have to deal with who's in the White House in January. So we have to deal with who's going to take on the new mandate on November 6th. So we need data and we need policy. And I'm getting a little critical right now because I don't have any. So we need answers on taxation.”
He added: “I think you really need to understand the idea of price controls. It didn't work in the '70s and it doesn't work anywhere else. And this whole idea of taxing unrealized profits, you have to remember that America's greatest export is the American Dream. This is a 200-year-old economy that is based on supporting entrepreneurship. It's destroying capital formation. This kind of thinking is just nonsense.”
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