Mark Cuban
๐ค SpeakerAppearances Over Time
Podcast Appearances
No, there were no surprises at all. I mean, it was, you know, small business people are just trying to get by for the most part. And, you know, I had my kind of got into my approach where, you know, I talked about the fact that there were 33 million businesses in the country. 98% of them are small businesses that are passed through and 98% of them make $400,000 or less.
That's what you earn because if it's a brass tool business, that individual entrepreneur or the entrepreneur is making $400,000 or less. And that's a magic number because remember Kamala Harris said, if you make $400,000 or less, your taxes weren't going up. They potentially were only going down. So that was an important component of the discussion. And then we talked about potential tariffs.
That's what you earn because if it's a brass tool business, that individual entrepreneur or the entrepreneur is making $400,000 or less. And that's a magic number because remember Kamala Harris said, if you make $400,000 or less, your taxes weren't going up. They potentially were only going down. So that was an important component of the discussion. And then we talked about potential tariffs.
And, you know, I tried to project out and say, look, if it's a year from now and it's December of 2025 and you're, you know, you're in the retail business, as an example, if there are 60% tariffs on products from China, how's that going to impact your Christmas selling season? And for nobody, you know, nobody said, oh, that's a great thing. And how does that impact you as a family?
And, you know, I tried to project out and say, look, if it's a year from now and it's December of 2025 and you're, you know, you're in the retail business, as an example, if there are 60% tariffs on products from China, how's that going to impact your Christmas selling season? And for nobody, you know, nobody said, oh, that's a great thing. And how does that impact you as a family?
You know, now all of a sudden all your Christmas presents or most of your Christmas presents cost 60% more. You're going to be able to not buy as much. You're buying less. And so not only are you not going to be happy as a family, but the vendors that you deal with, the retailers, the online buy, whatever it may be, they're not going to sell as much either. So there's a cascading impact.
You know, now all of a sudden all your Christmas presents or most of your Christmas presents cost 60% more. You're going to be able to not buy as much. You're buying less. And so not only are you not going to be happy as a family, but the vendors that you deal with, the retailers, the online buy, whatever it may be, they're not going to sell as much either. So there's a cascading impact.
And then I would go into immigration. And I was honest. I would not let the Harris campaign tell me what to say. They would try to give me notes, and I would say, I don't care. You know?
And then I would go into immigration. And I was honest. I would not let the Harris campaign tell me what to say. They would try to give me notes, and I would say, I don't care. You know?
I think I did. I mean, I talked a lot about unrealized gains. And, you know, when I went out there and said, you know, for the first time, it was ridiculous. And I went back and spoke to them and said, you know, I'm not hearing you guys challenge me at all. And they're like, well, you're saying things that we'd like to say, but we can't say. So I kept on going with it.
I think I did. I mean, I talked a lot about unrealized gains. And, you know, when I went out there and said, you know, for the first time, it was ridiculous. And I went back and spoke to them and said, you know, I'm not hearing you guys challenge me at all. And they're like, well, you're saying things that we'd like to say, but we can't say. So I kept on going with it.
So I took that as tacit approval and went with it. So that was one area. Another area was crypto. I mean, I was very clear early on that there was data from Pew Research that said, you know, at least 40% of young men were into crypto. And the way I explained it to them wasn't a big picture crypto thing at all. I was like, look,
So I took that as tacit approval and went with it. So that was one area. Another area was crypto. I mean, I was very clear early on that there was data from Pew Research that said, you know, at least 40% of young men were into crypto. And the way I explained it to them wasn't a big picture crypto thing at all. I was like, look,
For a 21-year-old kid, particularly men these days, they're not like we were when we were growing up, where it was a rite of passage to open up a bank account or to get a savings account. Now they download Robinhood or Coinbase or some app, and they live in an app economy. And if you downloaded Robinhood or Coinbase, you're buying crypto over stocks.
For a 21-year-old kid, particularly men these days, they're not like we were when we were growing up, where it was a rite of passage to open up a bank account or to get a savings account. Now they download Robinhood or Coinbase or some app, and they live in an app economy. And if you downloaded Robinhood or Coinbase, you're buying crypto over stocks.
And you're buying crypto not just because you want to see it go up, but because it makes you part of a community. You know, Dogecoin is a meme stock and everybody talks about it, Bitcoin, whatever it may be. And so if these young men have their entire net worth tied up in crypto. And you've got an SEC head, Gary Gensler, doing everything possible to reduce the value of their net worth.
And you're buying crypto not just because you want to see it go up, but because it makes you part of a community. You know, Dogecoin is a meme stock and everybody talks about it, Bitcoin, whatever it may be. And so if these young men have their entire net worth tied up in crypto. And you've got an SEC head, Gary Gensler, doing everything possible to reduce the value of their net worth.
And everything they read in those apps about what's happening to the price of their crypto is driven and talked about relating to Gary Gensler. They're not going to vote for you. And I said it to Gary Gensler directly. I said it to Kamala. I said it to her team that Gary Gensler could cost her the election. And there's an argument to be made when you look at the numbers.
And everything they read in those apps about what's happening to the price of their crypto is driven and talked about relating to Gary Gensler. They're not going to vote for you. And I said it to Gary Gensler directly. I said it to Kamala. I said it to her team that Gary Gensler could cost her the election. And there's an argument to be made when you look at the numbers.
You know, a whole lot of young men voted against Kamala Harris. And I think crypto had a lot to do with it.