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Benzinga
Benzinga
Business
Radhika Anilkumar Nadig

Mark Cuban Calls Ro Khanna's Founder Tax Plan 'Insane,' Bill Ackman Warns Government Could Garnish Your Wages for Life

Las,Vegas,-,May,21:,Mark,Cuban,At,The,2017

Billionaires Mark Cuban and Bill Ackman criticized a plan from Rep. Ro Khanna (D-Calif.) that would let illiquid startup founders pledge their shares to the government in exchange for a loan to cover their tax bills, warning it could leave founders drowning in debt or hand the government ownership stakes in struggling startups.

Cuban Warns of Government-Owned Startups

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