‘ULTIMATE wealth tax’: Mark Cuban touts Trump’s Nvidia deal, calls out Dems

Mark Cuban is offering praise for President Trump, a person he often speaks against

The billionaire businessman supports Trump's move to collect 15 percent of NVIDIA and AMD's chip

sales to China. Cuban categorizes the deal as a billionaire's sales tax

and criticized progressives for not pushing similar measures themselves. In a post on X, Cuban said political figures such as Representative Alexandria Ocasio-Cortez

and Senators Bernie Sanders, Chuck Schumer and Elizabeth Warren, quote, should be thanking the

president for creating a sales tax on two of the biggest semi-companies in the country

He said the agreement with NVIDIA and AMD was, quote, a brilliant move they couldn't ever pull

off. He took 15% of equity from a company, Cuban said in another post. That is the ultimate wealth

tax what he called a progressive dream He added everyone knows how I feel about Trump but he doesn get everything wrong We covered the announced deal on Monday NVIDIA and AMD agreeing to give the U government 15 of their revenue

from selling artificial intelligence chips in China. The deal is tied to export licenses for two types of chips

The Trump administration initially banned certain AI chip sales to China over national security concerns, but later eased restrictions to allow sales of less advanced chips

While Cuban categorizes the agreement as a sales tax or billionaire's tax

that's not how the Trump administration frames it, because the Constitution bans export taxes. A report from Yahoo Finance suggests the deal could generate

as much as $3 billion in collections for the U.S. government. For more on this story and our initial report, which includes why some legal ysts

questioned the legality of the deal, download the Straight Arrow News mobile app

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