NEW: Shark Tank’s Kevin O’Leary declares the U.S. has sunk to the level of a banana republic, warns of a financial “exodus.”
The comments by O’Leary were made in a piece with the Daily Mail. Here is what he said:
1. “The American brand has been dragged through the mud, sunk to the level of a banana republic where rulers take their political enemies out to the jungle to disappear.”
2. “This great nation now stands diminished in the eyes of international investors. And the economic consequences for ordinary Americans could be dire.”
3. Powerful business owners are closely watching the Trump persecution, knowing “they too could stand trial on purely political grounds.”
4. O’Leary is losing sleep over the verdict, considering moving his money: “I, like so many others with sizeable investments, managed just two hours sleep Thursday night. For now I have to seriously consider: Do I move my money?”
5. “The trial has wounded New York’s once sterling reputation as the safest and most attractive finance capital of the world.”
6. The exodus is coming: “High-earners and their families are moving, too – from the likes of New Jersey, New York and Massachusetts to Texas, Florida, Tennessee and other low-tax havens.”
7. O’Leary has faith Trump’s verdict will make its way to the Supreme Court.
8. A final message of hope: “Once this travesty is correctly checked and this corrupt prosecution scrutinized, investors will feel less spooked.”
“The US is still the No.1 economy on Earth. It is still the place where most capital comes to invest. Let’s hope that doesn’t change.”
https://x.com/CollinRugg/status/1796965744653316349
6. The exodus is coming: “High-earners and their families are moving, too – from the likes of New Jersey, New York and Massachusetts to Texas, Florida, Tennessee and other low-tax havens.”
No, I’m sorry Kevin ... but, Texas is full!
The stock exchanges and companies that make New York the financial center of the country and world should announce that they are going to shut down their New York operations and debark for the free states of Texas and Florida. They should announce that Dallas and Miami will be the future financial centers of the world.
That should get New York's attention. Wrong action must be punished!