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.
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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
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