I wonder if he's familiar with the Constitutional prohibition.
Mark Cuban said on Monday that it's a good move to have Nvidia and AMD pay the US government 15% of their China chip sales revenues.
"This is a 'billionaire's tax' structured as a royalty or sales tax on semiconductors from the most valuable company in the world, sold to China," Cuban wrote on X, after the Financial Times first reported that President Donald Trump had imposed the requirement on the two chipmakers.
Cuban — who spent the 2024 election campaigning for Vice President Kamala Harris — said Trump deserves praise if the government does get a cut from Nvidia and AMD's China chip sales.
"Everyone knows how I feel about POTUS, but he doesn't get everything wrong," Cuban said on Monday, referencing his past criticisms of Trump's tariff policies.
"Will this make up for the explosion of the deficits we face? Not as it stands now. Not close. But give him credit for knowing how those CEOs approach problems and opportunities, and using his leverage to generate tax revenues," Cuban added.
https://finance.yahoo.com/news/mark-cuban-lauding-trump-potus-070045505.html