Kevin O’Leary Says Losing Could Be The Greatest Moment For Democrats. Unrealized Capital Gains Taxes And Price Controls? ‘Not America’

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Kevin O’Leary Says Losing Could Be The Greatest Moment For Democrats. Unrealized Capital Gains Taxes And Price Controls? ‘Not America’

Kevin O’Leary, known for his

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, recently weighed in on the Democratic Party’s trajectory during an

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on Fox News. And his take might surprise you – he thinks losing the upcoming election could be the best thing that happens to the Democrats.

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O’Leary compared the current situation to a Super Bowl game, calling the presidential race “the Super Bowl of global politics.”

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for “anointing” a candidate instead of allowing a proper process. “You don’t bring a quarterback in that’s never, ever, ever won any game anywhere,” he said, pointing out that President Biden, their “quarterback,” is currently struggling. Yet, the party didn’t run a proper selection process for an alternative.

In his view, a loss would force the Democrats to “reset and reboot and get that party back to the center.” He argued that influential figures like Chuck Schumer,

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and even Barack Obama won’t be able to exert the same level of control four years from now, which could be a positive shift for the party and the country.

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O’Leary also touched on some policy issues that he feels are misaligned with the ********* dream, particularly those concerning economic freedom. As an investor, he said he has to

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, but he can’t ignore policies that harm the core of what makes America unique. “All I do is work with entrepreneurs that want to build businesses,” he said, calling out two major policies: taxing unrealized capital gains and implementing price controls.

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“That’s not America,” O’Leary declared. He clarified that taxing unrealized capital gains – requiring individuals to pay taxes on investments that haven’t even been sold – violates core ********* principles.

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He also criticized the idea of a higher corporate tax rate, which he believes would make the U.S. less competitive globally. “An 18% tax rate takes us to the bottom quartile of competition – that’s bad.” He believes measures like these deter innovation and investment, which are critical to economic expansion.

Despite his strong words, O’Leary made it clear that he respects

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for her efforts in reaching where she is today. He thinks a defeat could give the party a much-needed chance to reconsider its course and return to emphasizing policies promoting development and opportunity.

“This could be great for America,” O’Leary said, stressing that a more centrist, pragmatic Democratic Party would benefit the entire country.

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