 So I already know that you guys are probably sick and tired of hearing billionaires tell you that you can't have things like health care or education But regardless We're gonna hear from Mark Cuban who is another billionaire who is going to tell you that you know You can't have the nice things that people in his class have take a look I'm Cuban is here He has been a capitalist his whole life and he actually started with nothing and became a billionaire because of hard work And just smart and luck and lock it does always lock of course. So tell me about that What do you think about how 2020 is shaping up and in capitalism versus socialism? Well, I mean capitalism is gonna win There's there's no question about that, but I look I'm never against open discourse. That's what makes this country great You know people being able to convey their opinions now. I'm not gonna agree with all of them Socialism just doesn't work Medicare for all I believe health care is a right, but you're not gonna all of a sudden Create an environment. Well, let's just talk about her plan, right? Yeah. Yeah, and you had a Twitter battle Yeah, and not even with her right. I think she just let me go but You know, if you look at her plan, there's just things that just have no chance of passing, you know And things that just don't make sense like so Part of her plan says employers will take the money that we were paying for insurance and put that into the Payment for Medicare for all for their employees now She had the choice of saying let's increase payroll taxes by a certain amount Which would have been the more viable way, but we should what she chose was something called a head tax Which says for my company's any company that has more than 50 employees rather than paying a higher payroll tax We're gonna charge you the average of the last three years plus an inflator Each year for each one of your employees now that means that in her mind that will be paying $7,500 to pick a number per year per employee now for somebody who's making $200,000 a year Okay, that's not bad But what's the impact on someone who's making $10 an hour or $12 an hour or $30,000 a year If you know if you you have to hire somebody and the the payroll cost is instead of 6.12% or whatever it is right you're having to pay $7,500 per year You're gonna have second slow higher right you're gonna have second thoughts about hiring that person even worse as you evolve Into her plan you're gonna see companies cut payroll benefits because they know if they push their costs down leading into the plan for the Calculations it's gonna cost them less per per employee and that's gonna create additional problems It's not gonna hate it because their Cadillac plans go. Well. Yeah, I mean yeah look for the Dallas Mavericks He cost me for a family of four my we self-insured my insurance costs are $29,900 per year, but I'm okay with that because our insurance is great and it's a great premium for an employee's Under Medicare for all they're gonna take a huge step back in what they get and like to your point with unions for their Cadillac plans You're gonna have a lot of people that are very upset that Medicare for all doesn't provide the quality of care that they're used to and that's gonna create huge transitional problems Okay, so I will admit that that clip didn't bother me as much as the clips with you know Bill Gates and Leon Cooperman with that being said whenever I hear a billionaire talk about politics It just it frustrates me because I don't care About billionaires and elites like if you want to know how we should construct public policy We shouldn't be talking to rich people who don't need government to sustain themselves We should be talking to normal people Who the government is supposed to serve who actually pay taxes mind you and who should have the largest say in The direction of the country, but nonetheless, you know in mainstream media rather than actually focusing in on what normal people want We see them bring on billionaires like Mark Cuban to pontificate about things that won't affect them and that they usually don't know anything about So he says capitalism is gonna win There's no question about it But the thing about capitalism potentially winning out over socialism is that capitalism is a virus that will one day grow so big that it will consume itself and Inevitably devour the entire political system which it exists in and Bring down the planet with it. So for the sake of humanity We better hope that capitalism doesn't win because capitalism is going to kill us all if it does in fact win Now I know that for people like Mark Cuban, of course You don't want to undo capitalism because this is the system that made you a billionaire So I mean I wouldn't want to undo socialism if that system helps me so I get it it's self-interest, right? But for the sake of humanity's survival We better hope that capitalism does not win and you know I think that he's wrong in actuality because when you look at public opinion polls Seven out of ten millennials favor socialism and they would vote to elect a socialist So the future generation they know that capitalism is a failure Capitalism is a deadly system. It's just a matter of will we be able to assume power in time before it kills us all? That's really the true question. It's a race against time. Um, he also says I'm never against open discourse That's what makes this company country great Now I love that Freudian slip there because that's the same exact thing that Danny Dorch said when he was talking about how You know Bernie Sanders is not what is good for this company country Excuse me right because when you elect someone like Bernie Sanders You know that that's going to be bad for the bottom line because he's going to make you pay your fair share He just put out a brilliant tweet about Netflix He said that 899 fee that you paid a Netflix monthly is more than they've paid in taxes all year So what Bernie Sanders is going to do is make all of these tax dodgers finally pay what they haven't been paying So, you know, that's really important But that's what people who are elites don't like because they've been able to hire enough lawyers to where they don't have to pay Taxes they can get away with paying zero dollars Amazon paid zero dollars in taxes after they made billions in profits This is a trillion dollar company. So the fact that they are paying effectively zero dollars in taxes should outrage everyone So what Bernie Sanders is doing is he's going to change that and they know they don't like that now Mark Cuban says socialism just doesn't work okay, that's not a very persuasive argument and Furthermore it depends on what type of socialism we're talking about Progressives in the US oftentimes point to social democratic countries in Scandinavia. Those are working really well When it comes to Latin American countries oftentimes when they elect a socialist government We overthrow that government with the CIA. So we haven't even really tested democratic socialism anywhere in the world What we're really talking about is Democratizing the workplace. We're talking about democratizing society. We're talking about hyper democratization So it's not necessarily so much about big government so much as it is about empowering people, right? So, I mean socialism To say that it doesn't work that doesn't really mean anything. It has no value in saying it so he then moved on to Medicare for all to demonstrate why socialism won't work and He proclaims health care to be a right but then proceeds to argue against Medicare for all and why we can't have health care Be a right in actuality now when they refer to her Medicare for all bill Meaning Elizabeth Warren meaning Bernie Sanders Medicare for all bill since he's the only candidate who actually supports Medicare for all The reason why he's against it is because he thinks it's not politically feasible now He argues that the head tax isn't the best way to fund it knows no disagreement from me there However, to say that it's not politically feasible That doesn't mean anything. There's a lot of things that we previously thought were not politically feasible Right, the new deal was not politically feasible The voting rights act passing social security. These are all things that we thought were not politically feasible marriage equality Women securing the right to vote freeing the slaves even our entire history is pretty radical right as Americans We've been always pushing the envelope and we haven't really gotten any big structural reform or constitutional amendments in this generation So now I think we're on the cusp of that people are finally waking up and realizing that we need that change So to say that it's not politically feasible That doesn't really mean anything and it's an a historical take because you're not taking into account the times that Americans have done things that were once thought to be politically infeasible. He also talks about um How Medicare for all according to him will take a huge step back in terms of benefits And he adds quote You're going to have a lot of people that are very upset that Medicare for all doesn't provide the quality of care That they're used to meaning union members and that's going to create huge transitional problems So this is an outright lie Medicare for all for I think most Americans will offer the best care that they have ever had to get the level and quality of care that Medicare for all will offer like If you were to opt for a private plan that covers that much you'd be paying like more than a thousand dollars per month for one person I'd imagine because it covers everything dental Vision hearing aids for seniors. It is comprehensive Universal and it's free at the point of service. So the union members who enjoy the private insurance that they have currently first of all I can assure you that it's going to be better than almost every single plan that unions are offering that's based in you know, the private market and Second of all if it's expanded to everyone, isn't that better? I mean, I like I just don't understand how people can say health care is a right But then say I don't support Medicare for all I still think that it should be a commodity like shoes and video games Like that's contradictory. You cannot say Healthcare is a human right, but then go on to say I think we should deny this human right to people unless they can afford it Because it's not politically feasible Fuck off like Democrats say this too They have co-opted the language that we use to talk about Medicare for all health cares are right even Tom Perez The DNC chair if you ask him what he thinks about Medicare for all doesn't support it all Democrats say health care is a right Do they actually believe it's a right? No Because something that is a right cannot be taken away from you and the fact that they say it's a right But believe that you have to have money to you know benefit from that, right? It shows that they're full of shit, right? They're about paying lip service to the single payer movement, which isn't going away anytime soon mind you So, you know, they don't have a choice either they acquiesce or we're gonna take them out And we're gonna defeat them and we will get people in power who actually will push for Medicare for all now Later on during that interview the portion of a clip that I didn't show you He talked about the wealth tax and how he's not necessarily against the wealth tax per se It just kind of matters how it's implemented now He was incredibly condescending and it was such a short portion that I didn't think it was worth playing the clip But basically to summarize what he was saying and I'll link to the full thing down below if you want to watch it was that you know people who support the wealth tax overall it seems like they're a little bit naive because They don't actually have billions of dollars, you know in cash on hand And you know the wealth tax a plan like Elizabeth Warren's doesn't actually take into account liquidity Given that you know the amount that he'd owe Mark Cuban himself based on his wealth actually exceeds the amount of cash He has on hand so in order to you know fulfilled what's required under Elizabeth Warren's wealth tax You have to sell off portions of his worth in order to pay that wealth tax And so the way that he talks about proponents of the wealth tax is that they're just naive and they don't really understand the wealth tax Right, they don't realize that people like him are going to have to literally sell off their wealth in order to comply with the wealth tax But that's the whole point The point is you have to sell off your wealth in order to pay the wealth tax Until you lose so much wealth that the wealth tax no longer applies to you That's the whole point because in a capitalist system wealth equals power We can't have people having a billion dollars in net worth because that destabilizes the system so the fact that it doesn't take into account liquidity does not matter Sell off your assets to pay for the wealth tax And eventually you will have your wealth reduced to the point where you won't have to worry about the wealth tax That's the point billionaires shouldn't exist period end of story and to that He also said that people like Elizabeth Warren and Bernie Sanders are becoming incredibly Trumpian by saying statements like that Look, I am so sick and tired of hearing from billionaires They all need to understand that at a time when there is wealth and income inequality They need to read the room and shut the fuck up because they're You know talking down in a condescending way to peasants on national television every single day. It's not helping their cause It's only making people want to eat the rich even more. They're getting more hungry So, I mean I'll leave that there. I'm not sure what else to say about this Mark Cuban like every other billionaire Is incredibly out of touch and yes, we need to take the wealth that he stole From America because that much wealth. I mean, I don't know how much he's well. He's worth He's over a billion, but um, no one person should have it. Sorry If you want to live in a society, you can't have that much wealth while people are starving That's not the way that things should operate and just because they are that way now doesn't mean that they should be that way So kindly shut the fuck up about politics and the wealth tax go away mark Cuban