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Story summary
- Mark Cuban publicly attacked Rep. Ro Khanna’s California wealth-tax proposal.
- Khanna suggested a 10-year loan for founders who pledge shares, which Cuban called insane.
- Proposition 40 would tax up to 5% of assets over $1 billion, appear on the November ballot, and earmark 90% of the projected billions for healthcare.
- Cuban warned the tax would drive investors out of California and said he will avoid investing there unless they relocate.
