Mark Cuban, the outspoken billionaire, has always had bold opinions about wealth. In a recent discussion on Threads, he responded to a user accusing billionaires of exploiting others to get rich. Cuban’s take is that luck plays a bigger role than many people want to admit.
https://www.threads.net/@mcuban/post/DCXuO4Cun_Y?hl=en
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In his response, Cuban didn’t shy away from acknowledging the role of luck in his success. He said, “Exploitation in this country won’t get you to that level of wealth any longer. Luck will. Every billionaire has gotten lucky. Lucky Sperm Club. Lucky with the Stock Market. Lucky they weren’t born 10 years earlier or later.”
Cuban believes that hitting it big is no longer about exploiting others but rather being in the right place at the right time or having the right opportunities fall into your lap. He also pointed out that 61% of Americans own stocks, suggesting that most people are part of the same system that has helped build billionaires.
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This isn’t the first time Cuban has shared his thoughts on wealth and opportunity. In an interview with Bill Gates on Netflix’s “What’s Next?”, Cuban said that building wealth isn’t the problem – it’s proof of the American dream. To him, becoming rich isn’t just about personal gain but a sign of the opportunities that America provides. In his words, “Getting filthy, stinkin’ rich is one of the most patriotic things you can do,” while pointing out that wealth allows people to create jobs, pay taxes and contribute to society in meaningful ways.
Cuban “made it” when he sold his internet-radio company, Broadcast.com, to Yahoo in 1999 for $5.7 billion. Since then, he has invested his fortune in a wide range of companies, from startups tackling major issues like lowering the cost of prescription drugs through his Cost Plus Drug Co. to, most famously, the Dallas Mavericks.
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Still, Cuban is aware of the criticism directed at billionaires. He knows not everyone sees them as a positive force, especially with growing wealth inequality in the U.S. Cuban clarified in his reply to the Threads user, “Because I know not every[one] has gotten lucky like I have and I try to not take this for granted. Ever,” also saying that he pays his taxes “gladly.” Cuban added that while he doesn’t like paying those big checks to the IRS, he’s proud to contribute to public services like roads, education and health care that benefit everyone.
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