Kevin O’Leary, the investor/developer host of ‘Shark Tank’ on ABC, recently appeared on FOX News and blasted the $350 million ruling against Trump. O’Leary suggested that this is not about Trump, and that the real issue is what it will do to ruin investments in the city and state because of the message it sends.
Professor Jacobson recently wrote about getting out of New York and this is related. Kevin O’Leary says Kathy Hochul’s message following the ruling will fall on deaf ears.
Mediaite reports:
Shark Tank’s Kevin O’Leary Declares to Fox He’ll ‘Never Invest’ in NY After Trump Ruling: ‘Was Already a Loser State’Shark Tank co-host and entrepreneur Kevin O’Leary declared on Monday he would never invest in New York ever again, pointing to a judge ordering Donald Trump to pay $350 million-plus last week as his last straw.“I’m not different than any other investor. I’m shocked at this. I can’t even understand or fathom the decision at all. There’s no rationale for it,” O’Leary told Neil Cavuto on Fox Business…O’Leary called Trump’s actions a victimless crime and said other companies are now going to be even more fearful to conduct business in New York, which the Canadian-born O’Leary called a “loser state.”“It doesn’t matter what the governor says, New York was already a loser state. Like California’s a loser state. There are many loser states because of policy, high taxes, uncompetitive regulation, it was already on the top of the list of being a loser state. I would never invest in New York now, and I’m not the only person saying that,” he said.
Here’s a quick clip:
You can watch the whole segment below:
Law professor Jonathan Turley has also opined on this topic in a new piece at the New York Post:
Democrats weaponized justice system to punish Trump in business caseOscar Wilde wrote that “moderation is a fatal thing. Nothing succeeds like excess.” Justice Arthur Engoron took that line to heart with his absurd imposition of $455 million in fines and interest against Donald Trump and his corporation.It succeeded wonderfully with New Yorkers, who celebrated the verdict like a popular public execution. It also worked wonderfully to make it difficult to appeal.Much of the criticism of the decision focused on the unprecedented use of the law and the excessive size of the fine. The New York statute has been on the books for decades and has always been something of an anomaly in not requiring an actual victim or loss to justify disgorgement or fines.Even the New York Times agreed that it could not find a single case in history where this statute was used against an individual or a company that did not commit a criminal offense, go bankrupt, or leave financial victims.Engoron then combined that unprecedented application with an equally extraordinary penalty, which is greater than the gross national product of some countries.He disgorged hundreds of millions in a case where not one dollar was lost by anyone. Indeed, the “victims” wanted to get more business from Trump and are now being prevented from doing so by Engoron.
Democrats are burning down New York to go after Trump, and in the end, it will hurt New York far more than it hurts Trump.
Featured image via YouTube.
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