Kevin O’Leary is an internationally recognized leader and scholar in business and investment. In some recent media appearances, he has said that blue states like Massachusetts, New York, California and others are not investable.
What they mean by that is that starting a company in these states is pointless because they punish success with excessive taxes and punitive regulations. He called AOC and Elizabeth Warren by name.
He gave concrete examples of companies that have moved to states like South Dakota and other countries.
Business tycoon criticizes Democrat-run states: ‘They’re punishing people who are successful’
Investor and Shark Tank star Kevin O’Leary is ready to take on the debate saying any Democratic Party is ruining the country: “Sorry, don’t shoot the messenger. I’m telling it like it is.”
In an interview with CNN, O’Leary said he no longer puts his money into Democrat-led states because they are “uncapitalizable” and “punish people if they succeed.”
“I don’t put companies in New York or Massachusetts or New Jersey or California anymore. Those states can’t invest. The policy here is crazy; taxes are too high,” O’Leary explained. A global data center under construction.Finally, we moved it to Norway and all jobs from local area politicians and state policy.
Socialist-leaning Sen. O’Leary recalled a recent debate with Elizabeth Warren (D-Mass.), who said her state was paying huge dividends by taxing successful people too much.
“I say, ‘Look, Senator, we’ve got to move companies out of your state because you can’t invest anymore. You’re punishing people if they’re successful, you tax them more, you hit them with a super tax. New Jersey, what a mess! New York, uninvestable,'” he told the Democratic senator.
Here’s his appearance on CNN:
— CNN This Morning (@CNN This Morning) March 3, 2023
He made a similar point when talking to Tucker Carlson:
Kevin O’Leary on Blue America: “This competition of states is starting to happen. There are go-to states and no-go states. New York, New Jersey, Massachusetts, California. You cannot invest in those places. They are no longer investible. “
Time to build a red state economy. pic.twitter.com/yeezK7xryO
— New Founding (@NewFoundingOrg) February 25, 2023
What will happen five years from now when most companies move out of these blue states for all the reasons O’Leary lists? What happens when all the money is gone and there is no tax funding for all the social programs the Democrats love?