Soon after the former Starbucks CEO Howard Schultz revealed that he is considering running for the president in 2020, everyone is taking on him.
Kevin O' Leary, the chair of O'Shares ETFs and star of ABC's Shark Tank also opined how his presidency would not go down well with the Democratic Party.
"[Schultz] is going to cause chaos in the Democratic Party," he said. "He's going to pull 20 or 30 percent of those votes into an independent bid. That would be a disaster."
He also added that he is excited for the upcoming election.
"This is going to be the best theater we have ever seen, " he said.
"So far all the candidates in the Democratic Party want to turn America into a socialist giant and that is going to be a really big debate between those that want to keep entrepreneurship as the driving engine in America and those that want free money for everything, including what I heard yesterday: free education, free healthcare, free everything," he said. "If you want to see how that works, go look at Canada, which is trailing all the G7 countries and investment."
"I think it'll be interesting to see America go there next," he added.
Score a Touchdown with Jim Cramer's Big Game Special
Get access to the best stock picks in Jim Cramer's investment portfolio by executing a two-minute drill on our Big Game Special on Action Alerts PLUS, Jim's VIP club for investors. Sign up now through Feb. 4 and receive 58% off of the normal subscription price. Now that's a real touchdown!
Need Some More Tax Help?
Check out TheStreet's tax center here.