‘Shark Tank’ Star Kevin O’Leary: Kamala Harris’ Economic Plan would ‘Destroy the American Dream’ (Video)

Kevin O’Leary, star of TV’s investment reality show, Shark Tank, is warning America that Kamala Harris’ economic plan will “destroy the American dream.”

Speaking to Fox News last week, O’Leary called Harris’ “soviet-styled” price controls idea “un-American” and very destructive.

“This is Soviet-style price control that leads to inflation, supply shortages, very big problems in terms of competition.”

“I think it’s a very populist idea, impossible to implement. It would never pass Congress. So she seems to be throwing a lot of stuff at the wall, I understand why she’s doing it, she’s being encouraged by what she’s seeing in the polling,” he said.

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“But a lot of these proposals have not been scrutinized by you, reporters, on a one-on-one interview to actually understand how they’d be implemented. This is an incredibly bad idea, tried in the ’70’s in America, doesn’t work in Venezuela, North Korea, anywhere,” O’Leary said.

“It’s un-American,” he insisted.

O’Leary also blasted the Democrat plan to fund the construction of 3 million homes and then giving first-time homebuyers a $25,000 payout for a down payment on the property.

“This idea is beyond inane. It is the worst policy I’ve ever heard and everyone in real estate knows it’s a non-starter. That’s the second idea I know would never stick, would never get through Congress,” he exploded.

He also slammed the anti-American 25 percent tax on so-called “unrealized gains,” which aren’t gains at all.

Then there was something much more “sinister” that Democrats are pushing.

The idea to raise capital gains tax, to make America uncompetitive. You gotta think about capital. We’re the number one economy on earth, most foreign capital wants to invest in America because it’s competitive. But when all of a sudden you make us — and I’m looking at the G20, all the countries where your sovereign wealth, you want to put $100,000 billion to work and infrastructure — you care about capital gains tax. You care about the corporate tax rate.”

Remember, 82% of jobs in American are created by private companies that are corporations. That’s who America works with and for and how we pay for our society. Why do you want to punish them for success?

So at the end of the day, when you make yourself so uncompetitive in the plethora of economies that compete with us and all of a sudden say, ‘corporate tax rates are the highest now, we’re in the bottom quartile of competition,’ it’ll be like what happened when we had 28%+ corporate taxes when companies started going to Ireland. We already tried this, it doesn’t work.

This is a really, really, really bad idea. Incredibly bad policy.

In the end, O’Leary said that all this would mean the destruction of the American dream, and the whole concept of the American dream is one of our greatest advantages.

“We do not want to punish American entrepreneurs. The number one export of America is not a product or a service, it’s the American Dream. That’s the number one export,” he said, adding, “Don’t mess with the American Dream!”

Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston, or Truth Social @WarnerToddHuston

Cross-posted with The Lid

Related:

• Thanks, Biden, Harris: Two-Thirds Of Americans Now Believe The American Dream Is Unattainable
• Can You Guess What It Costs To Live “The American Dream” After Three Years Of Inflation Under Joe Biden?
• It Now Costs 3.4 Million Dollars To Live “The American Dream” And The Gap Between The Wealthy And The Rest Of Us Is Bigger Than Ever
• Is The American Dream Eluding Young People?
• Inside Joe Biden’s Plan To Kill The American Dream
  

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