Is Mark Cuban a Liberal Commie Douchebag?

Raise the player's share to 90%! Let's get this economy out of the tank!

 

So is 2500 dollars going to effect how a person/family that makes 300K a year spends?

 

That would be absolutely devastating for that family. How's Johnny going to be able to go to NASA camp and Michael Jordan's basketball camp?

 

Technically, both people are equally likely to re-invest their money in the economy. That's what money is for after all.

 

Ok, let's say you make $250k in income. And they raise the marginal tax on $200K+ by 3% points.

That means that guy with $250k pays an additional $1,500 in tax.

So the billionaire who lets say has a bad year and pulls in $100 Million, would have to pony up about $3 million more dollars.


Somehow I am not feeling too sorry for mr. $250k here.

 

the guy helped turtle make a fortune of his tequilla company, comeon!

 

By $2,500 most likely.

 

Not true, the richer person is more likely to save the money rather than spend it.

 

But the government could take that money and spend $3750

 

1 percent does not effect people's spending habbits at all especially when they are not living paycheck to paycheck. When I got a 1.5 percent raise last year, my boss and I both laughed at it.

 

Then give the 1.5 percent back. Most will spend it. I see what my clients spend. Generally it is every dime they have, with the exception of my millionaires.

 

The problem is that people are lumping people making $250k in with people that are making $25M. Here's a hint, the people making $250k are not the problem. At the end of the day, everyone should pay their fair share and the super rich are not doing that. $250k, $500k, $750, hell even $1M is not super rich.

While I hate Mark Cuban because of his affiliation with a certain team, I can't help but like him outside of basketball. I'd have liked to hear the entire interview.

 

Cuban and Trump should continue their feud into politics.. Cuban vs Trump for president.. who would you vote for?

 

Cuban of course. Trump sucks.

 

You're wrong here. Saving money is an investment in the future. Regardless of what you do with your money, you're investing in the economy. If you spend it, it becomes somebody else's income. If you invest it, it provides income for you and working capital for somebody else. If you save it, you're just putting off re-investment until the future. Whether or not those uses are productive is a different matter, but the fact is, two people with different incomes are 100% likely (and therefore equally likely) to re-invest their money into the economy.

 

Wow. This is incredibly wrong. I think you're focusing on theory here instead of reality.

 

Not true. People are more likely to save a lot of it.

 

Go read up on the law of diminishing marginal utility. Each dollar has decreasing returns in value to someone wealthy whereas to someone poor each dollar has increasing value until a certain point.

There's a reason why a rich person can spend several thousand dollars on something as trivial as high end champagne (or just save it and not do anything with it) but a poor person has to use the same amount of money for something more critical. The value of money is different to both people.

As one gets richer the value of money decreases over time. This is a more or less universally agreed upon principle of economics.