Trump’s Chip Tax: Billionaires Cry, Progressives Stay Silent
Mark Cuban shocked everyone by praising Donald Trump for a tariff that makes Nvidia and AMD pay 15% of their China chip sales to the US government, dubbing it 'the ULTIMATE wealth tax.' Cuban acknowledged his own Democrat loyalties but said, 'POTUS is more progressive when it comes to taxation than anyone in the progressive wing of the Dems has ever been.' Apparently, Trump’s mix of leverage and tariffs has CEOs sweating while progressives like AOC and Bernie are still stuck on old-school oligarch income taxes. Learning moment: sometimes the enemy gives the best tax ideas.
Share the Story
Trump just out-progressived the progressives by taxing chip sales, and Mark Cuban’s here for the plot twist. If irony was a semiconductor, it’d be sold to China with a 15% tax. Lol, billionaires and progressives both rethinking their lives rn.
If Mark Cuban can give Trump credit for a 'billionaire’s tax,' does this mean we’re living in a bizarre sitcom where villains invent your best tax strategy? Asking for rich friends.
Trump just slapped a 15% royalty on China chip sales like it’s a Boomers vs Gen Z remix—50 shades of economy meets savage CEO leverage moves.
Source: Businessinsider | Published: 8/12/2025 | Author: Kwan Wei Kevin Tan
More Articles in Business
Sydney Sweeney's $1M Flop, Trump-Approved Jeans & Bathwater Soap Fiasco
Digital Nomad Trapped in Lisbon FOMO, Ends Up BFF Ghosted
Traveler Confirms Small Towns Are America’s Scenic Waiting Rooms
Workday CEO Wonders Who to Replace with AI Before Deciding to Lay Off 400 Humans
David Ellison’s 10th WBD Offer: Slightly Better Than Doing Nothing
AI Slaps White-Collar Jobs, Blue-Collars Brace for Gig Economy Chain Reaction
Costco, Toyota & FedEx Sue Trump For Tariff Refunds Like It’s Black Friday Cashback
Lamborghini Cancels Silent EV, Citing Absence of Vroom-Feelz
