Kevin O'Leary is suing Canadian government over this 'stupid law'; People are 'pissed off'
Current campaign financing laws in Canada are too prohibitive for non-career politicians to enter any leadership races, said Kevin O’Leary, investor, venture capitalist, and star of Shark Tank.
“What we have to do, as Canadians, regardless of what your politics are, whether you’re a Liberal or Conservative, is try and accommodate, reaching out to Canadians that have achieved great success in their lives, great leadership skillsets, and attract them into leadership roles for five to seven years in their careers. We can’t seem to do that because we have a really strange and contorted finance law in politics. When you want to run or a campaign for any party, if you’re not successful in paying back your campaign debt, we throw you in prison. How stupid is that?” O’Leary said.
O’Leary said that he will not run for again for Prime Minister until this law is changed, after which, he would consider campaigning.
The Shark Tank star entered the Conservative race in January, 2017 but dropped out in April, 2017.
Now, he is suing the Canadian government over campaign finance laws.
“I’ve brought a lawsuit against the government about these campaign finance laws…and every time it’s been challenged in court we’ve won. We keep moving our way up to the Supreme Court. That’s where this is going to go. After I fix this problem for all Canadians, I would love to compete against a politician because we’ll level the playing field,” he said.
For more information on the problems that Canada’s economy is facing, watch the video above.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)