Cuban stated, "What I told them is if you tax unrealized gains, you're going to kill the stock market, and it's going to be the ultimate employment plan for private equity because companies are not going to go public because you can get whipsawed." This potent statement emphasizes the potential negative impact of taxing unrealized capital gains on the stock market and the implications for private equity investments.
Cuban explained, "Based off the unrealized gains, I would have had to borrow money and I effectively would have been in hawk just to pay my tax bill instead of trying to run my company." Here, Cuban illustrates the practical challenges faced by entrepreneurs under a tax on unrealized gains, highlighting the tension between tax burden and company operation.
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