Mark Cuban: This Is a Unique Opportunity for Us to Do Something that Addresses Income Inequality

RUSH TRANSCRIPT RUHLE Mr ░░░░░░░░ we must go to ░░░░░░░░ first In the last ░░░░░░░░ you have done so ░░░░░░░░ for local businesses in ░░░░░░░░ even last night urging ░░░░░░░░ to reach out for ░░░░░░░░ business loans But you ░░░░░░░░ also sharply criticized this ░░░░░░░░ of corporate bailouts Explain ░░░░░░░░ Well I m not ░░░░░░░░ corporate bailouts I think ░░░░░░░░ re in a new ░░░░░░░░ now life is different ░░░░░░░░ our number one priority ░░░░░░░░ be supporting companies who ░░░░░░░░ their who retain their ░░░░░░░░ We have to do ░░░░░░░░ we can to prevent ░░░░░░░░ and layoffs And if ░░░░░░░░ means bailouts subsidies special ░░░░░░░░ loans I m all ░░░░░░░░ it But when we ░░░░░░░░ those deals we have ░░░░░░░░ be very cognizant that ░░░░░░░░ is a unique opportunity ░░░░░░░░ us to do something ░░░░░░░░ addresses income inequality What ░░░░░░░░ said was anything that ░░░░░░░░ do that benefits an ░░░░░░░░ at a company we ░░░░░░░░ to do the exact ░░░░░░░░ thing to benefit the ░░░░░░░░ worker or the lowest ░░░░░░░░ worker at that company ░░░░░░░░ know two years from ░░░░░░░░ hopefully when we re ░░░░░░░░ back on all of ░░░░░░░░ we ll say Why ░░░░░░░░ t we use this ░░░░░░░░ a chance to help ░░░░░░░░ everyday worker I just ░░░░░░░░ to get ahead of ░░░░░░░░ So you know we ░░░░░░░░ need to this is ░░░░░░░░ time to address it ░░░░░░░░ Do we need to ░░░░░░░░ more closely at what ░░░░░░░░ of industries we give ░░░░░░░░ to Because when you ░░░░░░░░ at the airline industry ░░░░░░░░ of the reasons they ░░░░░░░░ t have cushion is ░░░░░░░░ they have spent so ░░░░░░░░ in the last few ░░░░░░░░ on corporate buybacks Or ░░░░░░░░ cruise industry they re ░░░░░░░░ paying big U S ░░░░░░░░ taxes like a lot ░░░░░░░░ companies here are they ░░░░░░░░ domiciled in places like ░░░░░░░░ and Panama CUBAN Yeah ░░░░░░░░ two different questions there ░░░░░░░░ the fact they did ░░░░░░░░ if you just say ░░░░░░░░ re going to exclude ░░░░░░░░ you re just killing ░░░░░░░░ the people who work ░░░░░░░░ them You re just ░░░░░░░░ they all lose their ░░░░░░░░ So this isn t ░░░░░░░░ them This is about ░░░░░░░░ this is about helping ░░░░░░░░ retain their employees so ░░░░░░░░ can help the employee ░░░░░░░░ you do as part ░░░░░░░░ that since the government ░░░░░░░░ reducing if not eliminating ░░░░░░░░ risks in their operations ░░░░░░░░ some period you need ░░░░░░░░ make sure that if ░░░░░░░░ exec is awarded a ░░░░░░░░ option or a warrant ░░░░░░░░ granted stock whatever you ░░░░░░░░ for them proportionally you ░░░░░░░░ the same thing for ░░░░░░░░ else on the payroll ░░░░░░░░ s the key to ░░░░░░░░ this work I m ░░░░░░░░ dogmatic against bailouts or ░░░░░░░░ or subsidies at this ░░░░░░░░ in time because we ░░░░░░░░ in a new world ░░░░░░░░ have never seen before ░░░░░░░░ we need to prioritize ░░░░░░░░ being supported equally We ░░░░░░░░ to use this as ░░░░░░░░ opportunity to reduce income ░░░░░░░░ That needs to be ░░░░░░░░ number one get people ░░░░░░░░ keep their jobs and ░░░░░░░░ lift people up where ░░░░░░░░ can By those people ░░░░░░░░ their Jobs they re ░░░░░░░░ to help support us ░░░░░░░░ hopefully we can get ░░░░░░░░ economy stabilized and moving ░░░░░░░░ hopefully just six months ░░░░░░░░ now RUHLE This is ░░░░░░░░ time when we could ░░░░░░░░ moving to more inclusive ░░░░░░░░ capitalism.”
CUBAN: “Absolutely.”