yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Kevin O'Leary on CNBC's Closing Bell


2m read
·Nov 7, 2024

You speak to a lot of companies and really see businesses investing in all sorts of companies. What would you, how would you characterize the business environment right now when it comes to hiring, when it comes to expanding, adding jobs?

I think there's a lot of concern that Washington is not in sync with the American Dream anymore from the business point of view. I'm not saying it can't be repaired, but if you think about the pendulum, how far it's swung to the left, when we actually call business leaders that build the infrastructure of our country "fat cats," that just doesn't sit well with me.

I can speak for many, many other entrepreneurs and say, listen, what makes this country great is the private sector creating private sector jobs, funding the government that provides us all the services. One of the things we have, we don't vilify it; we solve for it, and we try and endorse it, and help more people become entrepreneurs in this country.

We have buried them in regulation, we have scared the pants off them with all of the volatility in the markets, and now we have dysfunctional government. That's not good. I make the assumption, Murray, and I hope I'm wrong, that one third of what government spends is completely wasted, and I think people intuitively feel that.

It's not market-tested; investing in bridges to nowhere, solicitations by various politicians for their own interests, I mean, it's all unhealthy. Yeah, and I think we're at a place now we got to fix it all.

So, how do you fix it? The first thing is you overhaul the tax Act. It's a messy one; the tax code is complicated. We've been talking about this for a lot of years. Why haven't we done it?

Well, I think because we've gone in new agenda items. For example, Obamacare was clearly something that the Democrats wanted done during their tenure. In this last session, we didn't care about taxation. Yet, if you want to create more jobs in this country, the number-one thing to do would have not been to focus on health care; it would have been to focus on job creation, which meant lower taxation and simplifying the tax code and focusing on making the path easier for entrepreneurs.

I meet them every day, and they want to be successful, and the government seems to be in their way now, not on the sidelines cheering them on anymore.

More Articles

View All
Proportional reasoning with motion | AP Physics 1 | Khan Academy
NASA is researching how to send humans to Mars by as early as 2030. Now this is a complex mission because you’re traveling for millions of kilometers, and this will involve a lot of things. We have to think about how much fuel we need, how much oxygen we …
What is risk and return? | Investments and retirement | Financial literacy | Khan Academy
So probably the main thing you will hear when you talk about investing is: What is the return that you got on your investment? Return on investment is often times, people will say ROI, and there’s a lot of different ways of calculating it. But maybe the m…
Helping African Businesses Get Paid, Shola Akinlade of Paystack
I think many people like kind of know about Paystack, but what can you give us the one-line explanation? Yeah, well, payments company. We help merchants in Africa accept payments from their customers. So businesses will connect Paystack, and almost immed…
Work at a Startup Expo 2019
So thank you so much. Quick round of applause for making it out here for all these companies that we’re going to be having a walk across here. It’s two o’clock, we want to keep it on time because we have a lot of great stuff to get through. So this is wh…
Modeling ticket fines with exponential function | Algebra II | Khan Academy
Sarah Swift got a speeding ticket on her way home from work. If she pays her fine now, there will be no added penalty. If she delays her payment, then a penalty will be assessed for the number of months t that she delays paying her fine. Her total fine f …
The LARGEST Wealth Transfer Just Started | How To Prepare
What’s up guys, it’s Graham here. So you’re probably going to want to sit down for this because we’ve got a major problem. In June, it was reported that 61 percent of Americans are living paycheck to paycheck. As of a recent report, higher inflation and r…