Mark Cuban slams California’s plan to tax the rich: Why he’s calling the 5% billionaire wealth tax ‘insane’

Mark Cuban thinks that everyone wants his money. So joked the entrepreneur on a recent episode of the Pivot podcast, explaining his recent online back-and-forth with U.S. Representative Ro Khanna, a California Democrat. Khanna is a big supporter of the state’s Proposition 40, a measure that would levy a one-time 5% wealth tax on all billionaires in the state. Cuban—to put it mildly—is not. Earlier this month, Cuban wrote that Khanna’s plan for California’s wealthiest residents is “insane,” and…