Mark Cuban: Trump more 'socialist' than Bernie Sanders for proposing credit card interest rate cap

Former President Donald Trump often attacks Democratic opponents as "socialists" and "communists," including Vice President Kamala Harris. And when he has a conflict with Republicans, Trump typically labels them RINOs: Republicans In Name Only.

But billionaire Mark Cuban, according to the Daily Beast, is arguing that Trump is more of a "socialist" than Harris.

Cuban slammed Trump over some recent proposals, including a 10 percent cap on interest rates for credit cards.

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The Daily Beast's Mini Racker quotes Cuban as saying, "Next in the 'What the Hell is He Thinking' list is the 10 percent price cap on credit card interest rates. Literally, Bernie Sanders suggested a cap of only 15 percent. So now, you've got Donald Trump getting involved in price caps and price controls to a greater extent than self-described 'socialist' Bernie Sanders."

Cuban added, "And I think that just says so much about how far Donald has gone to his socialist and communistic tendencies."

Racker notes, "Trump this week floated a plan to limit credit card interest rates, which can exceed 30 percent, to 10 percent. Presidents don’t have authority to implement such caps, so it’s unclear how the proposal would work."

The Daily Beast reporter adds, "Still, with Americans burdened under the weight of credit card debt, Trump is telling many voters exactly what they want to hear."

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Read the full Daily Beast article at this link (subscription required).