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Benzinga
Benzinga
Business
Ivy Grace

Investor Kevin O'Leary Says It's Not the American Dream to 'Punish' the Rich With Taxes Just For Being Successful. 'They Pay the Majority Already'

Shark Tank's Kevin O'Leary Warns Entrepreneurs

Some of America's wealthiest — including Bill Gates — have said they wouldn't mind paying more in taxes. Investor Kevin O'Leary heard that idea and practically asked for the return policy.

During an April appearance on Fox Business," the hosts brought up an essay claiming Americans worth more than $100 million "don't need that much money." The timing lined up with reports that President Donald Trump had briefly weighed whether the top earners might see a tax hike. When they turned to O'Leary for his take, he didn't warm up the engines — he shut the runway lights off.

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