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Kevin O'Leary Says Deregulation Is The Real Reason Everybody Is 'Sucking Up To Trump"

Kevin O’Leary, the well-known entrepreneur and investor from Shark Tank, has weighed in on why so many tech CEOs and business leaders are suddenly cozying up to President-elect Donald Trump. During a recent interview on Fox & Friends, O’Leary said it's not just about Trump's corporate tax policies – the real reason is deregulation.

For context, Trump's policies, such as maintaining the 21% corporate tax rate, undoubtedly appeal to businesses. However, according to O'Leary, the bigger draw is Trump's commitment to cutting federal red tape, making it easier for businesses to grow and operate without constant legal battles and administrative hurdles.

O’Leary pointed out that federal deregulation under Trump's administration is particularly attractive to companies involved in mergers and acquisitions. He noted that Trump will "cool off all these pursuits and change many of the administrative rules that make it harder to get things done."

In simple terms, businesses see Trump as someone who will make it easier for them to operate without worrying about constant interference from regulators. That's a huge selling point for companies looking to expand or innovate.

O’Leary was direct about why CEOs are eager to meet with Trump. “They're not stupid,” he said. “They're saying, ‘Well, I think I'm going to go suck up with him because he's the guy for sure for the next two years.'”

This isn't just about tech leaders like Mark Zuckerberg or Jeff Bezos. O’Leary said leaders from various industries – and even other countries – are lining up to meet with Trump, recognizing his influence and power in shaping business policy.

Mark Zuckerberg and Jeff Bezos have each contributed $1 million through their companies, Meta Platforms and Amazon. OpenAI CEO Sam Altman is joining them, making a personal donation of $1 million. Perhaps surprisingly, the trading platform Robinhood has donated $2 million.

O’Leary highlighted that these donations represent a shift in attitude among business leaders. This is about aligning with Trump's vision for the economy and acknowledging his dominance in shaping the future of policy.

Altman, for instance, has publicly praised Trump's commitment to advancing AI infrastructure, a sentiment echoed by other tech leaders. “President Donald Trump will lead our country into the age of AI and I am eager to support his efforts to ensure America stays ahead,” he said.

The President-elect’s ability to remove regulatory roadblocks has made him an attractive ally for business leaders, regardless of their personal opinions about him.

While deregulation is a win for businesses, it can also result in significant drawbacks. Reduced oversight often opens the door to harmful practices, such as environmental damage, compromised safety standards and unfair labor practices. It can also mean fewer consumer protections, which could let businesses focus more on profits than on doing what's right for people.

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by Anonymousreply 11December 24, 2024 8:37 AM

Well, duh!

by Anonymousreply 1December 24, 2024 12:53 AM

Kevin O'Leary is a murderer and should be in jail.

by Anonymousreply 2December 24, 2024 12:59 AM

Duh.

by Anonymousreply 3December 24, 2024 1:02 AM

Nothing will happen with the close numbers in both chambers of Congress.

by Anonymousreply 4December 24, 2024 2:54 AM

Americans are so stupid. They don’t realize that all the regulations are about keeping people safe

by Anonymousreply 5December 24, 2024 3:05 AM

Anyone who sucks up to Trump should be squished like a bug.

by Anonymousreply 6December 24, 2024 3:38 AM

R2. I thought his wife was the murderer in the family

by Anonymousreply 7December 24, 2024 3:47 AM

i read "shark tank" and I had to stop

by Anonymousreply 8December 24, 2024 3:51 AM

Deregulation and a huge reduction of taxes for corporations and the very, very wealthy individuals. That money comes out of the overall budget for the United States, and that shortfall will be made up by cutting Medicare, Medicaid and Social Security...and as we saw this past week regarding keeping the government open--Elon Musk and the Repigs deleted funding for childhood cancer victims.

Motherfucking Repig hole lickers. Trump cares about the country, my ass.

by Anonymousreply 9December 24, 2024 7:04 AM

There’s a string attached…

they will OWE HIM. And KEEP OWING him and cannot deviate, deny or pull back once he has done them a favor.

This will actually sink quite a few companies if not industries.

by Anonymousreply 10December 24, 2024 8:07 AM

Kevin O'Leary is a loser. Several years back he was hoping to become Conservative Party Leader in Canada and beat Prime Minister Justin Trudeau. However, O'Leary was such a bad candidate that he withdrew before the first ballot at the Conservative Party convention had even taken place.

by Anonymousreply 11December 24, 2024 8:37 AM
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