Kevin O'Leary, the straight-talking investor from Shark Tank and a frequent guest on FOX News, recently expressed his concerns about some of Vice President Kamala Harris’s policies. He believes these ideas could do more harm than good, not just for businesses but for the country as a whole.
Don't Miss:
- Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you.
- Are you rich? Here’s what Americans think you need to be considered wealthy.
"There's a reason people go through barbed wire to get here," O'Leary said. "We can't afford policies that drive them out." He's talking about the American dream, which has drawn people to the U.S. for years. To him, that dream is the backbone of America’s success, but it's at risk if the government makes the wrong moves.
Trending:
- General Motors and other leaders revealed to be investing in this revolutionary lithium start-up — allowing easy entry by launching at just $9.50/share with a $1,000 minimum.
One policy that really bothers O'Leary is Harris's plan to ban grocery price-gouging and give first-time homebuyers $25,000 in down-payment aid. While these ideas might sound good on paper, O'Leary thinks they are "un-American" and a recipe for disaster, calling it a "Soviet-style price control." In another interview, he compared Harris's price-gouging proposal to failed experiments in places like Venezuela, saying, "No, that’s not going to work."
Harris' supporters say she didn't support strict price controls on groceries but instead backed standard measures to prevent price gouging like those already used in other parts of the economy.
See Also:
- Founder of Personal Capital and ex-CEO of PayPal re-engineers traditional banking with this new high-yield account — start saving better today.
O’Leary also questioned the feasibility of Harris’s idea to build three million new homes, stating, “When you want to build a house in a state, you’ve got to get a permit. I don’t know what state will give her a permit for three million homes. That’s never going to happen.”
While Kevin O'Leary has strong opinions about Kamala Harris’s policies, it’s worth noting that her plans are meant to help everyday people. Harris's proposals, like banning grocery price-gouging and offering down-payment aid to first-time homebuyers, are focused on making life easier for those struggling with rising costs.
While O'Leary sees potential downsides, many believe these ideas are necessary to ensure everyone benefits from economic growth, not just a select few.
Trending:
- The average American couple has saved this much money for retirement — How do you compare?
Nevertheless, O'Leary says it's not about whether a policy comes from a Democrat or a Republican. "I've never made any money on politics. I've made money on policy," he said, making it clear that he cares about what works, not who's behind it.
As an investor, O'Leary says he has a lot riding on the upcoming election. "You can make a mistake when you vote and get it wrong; I lose $50 million," he said, showing how high the stakes are for people like him.
Read Next:
- Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!
- Unlock the hidden potential of commercial real estate — This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today!
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
