Kevin O’Leary revealed a jaw-dropping Democrat attack that is about to backfire

Photo by Andrew Scheer via Wikimedia, CC0 1.0, https://www.creativecommons.org/publicdomain/zero/1.0/deed.en

Shark Tank star Kevin O’Leary is fed up with leftist policies.

The multimillionaire investor has been heavily critical of “loser” states that hurt business.

And O’Leary revealed a jaw-dropping Democrat attack that is about to backfire.

Famed investor Kevin O’Leary, also known as Mr. Wonderful, is appalled by what the Democrats are doing.

Both Elon Musk and Donald Trump have seemingly been targeted for political reasons, and O’Leary is warning that there will be a backlash from businesses.

Punishing businesses

Trump was fined an outrageous $355 million as a result of New York Attorney General Letitia James’ bogus fraud lawsuit against him.

And Musk had his Tesla compensation lowered by the Delaware Court of Chancery.

Judge Kathleen McCormick wrote in her opinion, “The incredible size of the biggest compensation plan ever – an unfathomable sum – seems to have been calibrated to help Musk achieve what he believed would make ‘a good future for humanity.’”

Musk responded by writing on Twitter, “Never incorporate your company in the state of Delaware.”

Tesla has since been incorporated in Texas.

And O’Leary said that other businesses could follow Musk after Delaware’s shocking decision.

O’Leary told Fox Business host Taylor Riggs, “The traditional place to incorporate was always Delaware because of stable policy. We never had cases like this that questioned the will of directors or compensation of audit committees, and all of a sudden this ruling changes everything.”

Loser state

Delaware has been very pro-business, which is why so many companies are incorporated there, but political witch hunts are changing the calculation.

O’Leary added that Delaware moved from “the winner state column to the loser state column…Other loser states like New York, New Jersey, Massachusetts, Minnesota, Michigan, and California — are loser states where you avoid putting money to work or doing anything corporately because their policy is very unstable…I would have never thought this would happen in Delaware, but I would never today incorporate in Delaware.”

The Democrats have been so bloodthirsty in their pursuit of their political opponents that they don’t realize a backlash is coming.

After the absurd fine levied against Trump, New York Governor Kathy Hochul tried to reassure businesses that Trump was a unique case and other businesses would not be punished in the same way.

That is not exactly music to the ears of business owners, even those who do not like Trump, because Pandora’s Box has been opened.

Stay tuned to Unmuzzled News for any updates to this ongoing story.

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