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Election

CLASS WAR! Sen. Warren Thinks Mike Bloomberg is Running for President to Avoid Her ‘Wealth Tax’

posted by Hannity Staff - 11.26.19

Rising Democratic candidate Elizabeth Warren swiped at billionaire Mike Bloomberg on the campaign trail in Iowa Tuesday; suggesting the former Mayor of New York is running for president to avoid her “Ultra Wealth Tax.”

“Some billionaires figured it might be cheaper to run for president than pay my #WealthTax. Well they don’t have the power of a grassroots movement—and in our democracy, I believe in the power of people over money,” posted Warren on social media.

“Some billionaires are deeply distressed, go on TV and cry. Others call their billionaire friends and urge them to run for president. Some people have figured out it would be a lot cheaper spending $200 million just buying the presidency instead of paying that two-cent wealth tax,” she told the crowd.

Watch Warren in Iowa above.

BAN BILLIONAIRES! AOC Says ‘No Person Should Have a Billion Dollars’ in the United States

posted by Hannity Staff - 10.03.19

Controversial Congresswoman Alexandria Ocasio-Cortez slammed wealthy Americans on social media this week; saying “no person should have a billion dollars” in the United States of America.

“‘Billionaires should not exist’ does not mean certain people should not exist. It means no person should have a billion dollars. The ascent of billionaires is a symptom & outcome of an immoral system that tells people affordable insulin is impossible but exploitation is fine,” posted AOC on Twitter.

Sen. Bernie Sanders made similar statements last month.

“Billionaires should not exist,” he stated on social media. “There should be no billionaires. We are going to tax their extreme wealth and invest in working people.”

“In order to reduce the outrageous level of inequality that exists in America today and to rebuild the disappearing middle class, the time has come for the United States to establish an annual tax on the extreme wealth of the top 0.1 percent of U.S. households,” Sanders writes. “This wealth tax would only apply to net worth of over $32 million and would raise an estimated $4.35 trillion over the next decade. Anyone who has a net worth of less than $32 million would not see their taxes go up at all under this plan.”

“The tax rate would increase to 2 percent on net worth from $50 to $250 million, 3 percent from $250 to $500 million, 4 percent from $500 million to $1 billion, 5 percent from $1 to $2.5 billion, 6 percent from $2.5 to $5 billion, 7 percent from $5 to $10 billion, and 8 percent on wealth over $10 billion. These brackets are halved for singles,” adds Bernie.

ANOTHER NEW DEAL? Warren Proposes Using US MILITARY to Combat Climate Change

posted by Hannity Staff - 5.20.19

Firebrand Senator and potential 2020 presidential candidate Elizabeth Warren unveiled her latest proposal to combat climate change Monday; suggesting the use of the US military to confront global warming.

“In short, climate change is real, it is worsening by the day, and it is undermining our military readiness. And instead of meeting this threat head-on, Washington is ignoring it — and making it worse,” writes Warren in an op-ed published by Medium.

“We have the most capable military in the world. It’s also the single largest government consumer of energy, and it’s dependent on fossil fuels. The Pentagon spends about $4 billion a year to power its bases at fixed locations and consumes tens of billions of barrels of fuel per year,” she adds.

“Nibbling around the edges of the problem is no longer enough — the urgency of the moment demands more. That’s why today I am introducing my Defense Climate Resiliency and Readiness Act to harden the U.S. military against the threat posed by climate change, and to leverage its huge energy footprint as part of our climate solution,” concludes Warren.

The far-left Senator’s comments come weeks after she unveiled a series of new government programs that economists say will cost US taxpayers trillions per year.

“If we put a 2% tax on the wealthiest families in the country, we can provide universal Pre-K, universal free college, knock back student loan debt for 95% of Americans—and still have a trillion dollars leftover,” claimed Warren on social media.

According to leading economists, the Senator’s proposal to forgive student loan debt and introduce tuition-free public colleges would cost over $1.25 trillion over the next decade.

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