Shark Tank’s Kevin O’Leary Blasts Blue States for Punishing Success
Kevin O’Leary, the millionaire businessman and TV personality known as Mr. Wonderful predicts more bankruptcies following the FTX fallout. He also discusses his $45million investment in North Dakota.
Mr. Wonderful keeps his finger on the pulse Small business innovation — and is claiming that states like New York, Massachusetts and California no longer do.
Millionaire entrepreneur and television personality Kevin O’Leary called out Sen. Elizabeth Warren, D-Mass., by name Friday on “Varney & Co.“, as well as anti-business leaders for punishing American success.
“Most of the venture capital for the last 40, 50 years, since the mid-1950s was highlighted in places like Silicon Valley and around the Boston area. So Massachusetts, New York, California. These were the heyday years,” O’Leary said. “Nobody wants to do business in these states anymore.”
After the U.S. Treasury awarded North Dakota $45 million in economic stimulation funds, the state elected O’Leary Ventures to manage the money, creating the Wonder Fund North Dakota program.
Although many people may wonder, Why North Dakota?, O’Leary cited stable policy, the fourth-largest GDP in America, its massive tech center and no “super taxes” Sen. Warren.
Kevin O’Leary (chairman of O’Leary Ventures) called out Massachusetts Senator Elizabeth Warren’s. “super taxes” Policy and where “you’re punished for success” On “Varney & Co.” Friday (Getty Images)
“Why would I put that in New York or Massachusetts or California, which I don’t even think is in business anymore?” He posited. “Why put it in Massachusetts where you’re penalized for success? If you’re a successful entrepreneur there, Elizabeth Warren’s policy super taxes you. You’re punished for success. Forget that. I’m going to go to North Dakota.”
O’Leary got his first hint about the Midwest state’s profitability after striking a “Shark Tank” deal With a Fargo-based company. It has been described as “a great company”. “one of the most successful deals in ‘Shark Tank’ history,” In just a few months, sales jumped from zero to 50 million.
“[There’s] a very pro-business governor in [Doug] Burgum and policy that makes sense for money,” He stated. “And frankly, you can get your kids in school in North Dakota.”
Robert Herjavec, Cyderes CEO, and ‘Shark Tank” star discusses his outlook and the role of cyber defense firms in fighting foreign cyberattacks.
Any U.S. business leader looking to build operations in North Dakota has been personally encouraged to visit the O’Leary Ventures website.
“Post your deal there. I have money for you. Let’s grow in a place where they want our business, where taxes are stable,” O’Leary said.
While still applauding states like Florida, Texas Oklahoma for their business-friendly policies, O’Leary claimed North Dakota “has got so much energy” and “such fantastic policy” To cater to all 11 sector The economy.
“That’s where I’m focused right now. This is a new change, a competition among states. Why do you think Florida real estate is so high? Everybody’s moving out of New Jersey, moving out of New York, moving out of Massachusetts. I see them on the streets here every day,” O’Leary said.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
During Wednesday’s hearing on whether cryptocurrency facilitates money laundering, Senator Elizabeth Warren of Massachusetts got into a heated exchange with Kevin O’Leary, FTX’s paid spokesperson.
O’Leary said that this is a new form of state competition “healthy for America.”
“We don’t want to promote bad policy, and the way we do it is we vote with our dollars,” The businessman stated. “Let’s get out of Massachusetts and let’s get to North Dakota.”
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases
Now loading...