Mark Cuban Praises Trump for a Tax Hike?!

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In this Watchdog on Wall Street episode, Chris dives into the surprising moment where billionaire Mark Cuban praised Donald Trump’s new export tax—and why it sounds like something straight out of the Democrats’ playbook.
Inside the episode:

• Why Cuban says Democrats should “thank Trump” for doing what they could never pull off—taxing major corporations like Nvidia and AMD
• How Republicans are strangely silent while Trump raises revenue through higher corporate and consumer taxes
• The household debt analogy that exposes why “tariffs make us rich” is economic nonsense
• What should be done with new revenue if we were serious about fiscal responsibility

If raising taxes is now a bipartisan sport, who’s really fighting for the free market?

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Mark Cuban's got some praise for Donald Trump. Yes, he's
praising the export taxed Hey aok, Hey Bernie Hey, Senator Schumer, Hey,
Senator Warren. Every Democrat should be thanking Donald Trump for
what the devs have dreamed of doing but I've never

(00:37):
been able to do. Creating a sales tax on two
of the biggest semi companies in the country. This opens
a door for sales tax for export licenses, on everything,
all caps. He's going to generate corporate tax revenue that
you guys only wish you could pass. You should be
thanking him all day, every day for this brilliant move

(01:00):
you guys couldn't ever pull off in the future. Don't
call it a tax, Call it a commission for America. Boom,
didn't I say that yesterday? He's not wrong. I still am,

(01:20):
you know, sitting watching what's transparted, you know, transpiring before
my very eyes, and you know you don't even see
Republicans being like, huh, wait a second, did did you
become donkeys? Be a second? I thought I was supposed

(01:42):
to be an elephant. I thought I was supposed to
be for low taxes and the free market. Whold on
a second? Again, like I said, they Mark Cuban's not wrong.
Exactly what I said. Trump is doing exa exactly exactly

(02:03):
what the Democrats have wanted forever. Higher taxes on corporations,
higher taxes on everyone. He's raising money by taxing people.
And again, crickets, crickets. I know, we've got a lot

(02:24):
of Republicans that are busy on they're all expense all
expenses paid vacation to Israel. You've got other Republicans that,
again I don't know what they're probably you know, gearing
up various different investigations and committees and whatnot that they
want to hold again to distract everybody. You know, we

(02:46):
talked about the bread and circuses from yesterday. This is
where we're at. And again, like I said, I don't
wan to say, I've never seen anything like this, and
my leg you know, it would be funny, it would
be kind of a checkmate. It would be kind of

(03:09):
a checkmate. And again I see the Democrats. This is
how dumb they are. If I was them, I'd be like, yes,
thank you, mister President. You're raising taxes out of me. Finally,
he's doing exactly what we Democrats want him to do.
We want him to raise revenue, want to raise taxes
on the American people, want to raise taxes on corporations.

(03:32):
He's doing it, but they haven't figured that out yet.
And again again, Donald Trump puts out a tweet, tariffs
are making our country strong and rich. Let me again again,

(03:55):
anything that I say here around the program more than
welcome to send me email. You want to challenge it,
go right ahead, go right ahead. I'm gonna put it
to you this way. Let's say Let's say let's say
I'm pretending the Markowski household. Say the Markowski household is,

(04:19):
We'll mirror, will mirror the federal Let's say the Markowski
household is thirty six thousand dollars and debt, and all
of a sudden, all of a sudden, the Markowski household
also gets an increase in income. Let's say someone is
making more money in the Markowski household. Yet at the

(04:40):
same time, yet at the same time, expenditures are going
up at a rate greater rate than the income level
is So, yeah, our income came in higher, but we
spent more money and put more money on the credit card.
Where we're now of thirty seven plus thousand dollars and

(05:03):
debt and a guest, that's where we're at right now?
Is a country? Is the Markowski household getting richer? How
would the Markowski hosto be getting richer if we're going
further in to debt? Sure, pulling in more revenue with
your tariffs and now your export taxes on in Nvidia

(05:25):
and AMD. I don't know what's going to come next,
probably some more, but we're going further to debt. How
does how is that making the country strong? It does
it make any sense to me? And again, who wants
to challenge me? And how I say that I'm wrong?

(05:47):
Go ahead, not it's just math, people, and it's not
advanced math. At some point in time, some point in time,
and you're gonna raise revenue, raise revenue, raise you know this,
you gotta do. Okay, but you don't don't give me

(06:08):
You're gonna start sending checks to people in the mail.
Don't don't do that, you're gonna get you're raised, and
you're gonna do this, you know, again, balance the budget.
Use this extra revenue to pay down the debt. Can't
do that because you're hearing the buzzes about that. Alrighty,
start using this to you know, pay down the debt. Okay, fine,

(06:30):
you want to you know, basically, uh, refinance to some degree,
maybe put to pasture some of the longer term higher
interest stuff that that's out there. Okay, lowering you know,
some of the interest costs that we have. But you're
really not doing a damn thing until you actually balance

(06:51):
the budget and you start paying the debt down. It's
not happening. Watchdog on Wall Street dot Com