Mark Cuban, a Texas resident who has amassed billions of dollars from repeated tech startups, pointed out that no matter their paper worth, most company founders “are the definition of cash poor, stock rich.” He asked Khanna, “How are you going to tax them? Make them borrow money against their shares, if they can?” He emphasized that banks are already leery of debt-heavy startups, and unlikely to loan more money just to cover tax bills.
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