Sen. Elizabeth Warren is poised to unveil her “wealth tax” against high-income Americans and those with over $50 million in miscellaneous assets in the coming days, reports CNBC.
“Sen. Elizabeth Warren, D-Mass., is planning to propose a ‘wealth tax’ on some of the richest Americans, an economist who advises her told CNBC on Thursday,” writes CNBC.
“The Warren wealth tax is pretty big. We think it could have a significant affect on wealth concentration in the long run,” said her economic advisor. “This is a very interesting development with deep root causes: the fact inequality has been increasing so much, particularly in wealth, and the feeling our current tax system doesn’t do a very good job taxing the very richest people.”
Read the full report at CNBC.
SOCIALISM USA! Bernie Calls for ‘Political Revolution’ Against ‘Fossil Fuel Billionaires’
Vermont Senator and potential 2020 candidate Bernie Sanders set his sights on “fossil fuel billionaires” Monday; saying the United States needs a “political revolution” to turn the country towards “clean energy.”
Sanders posted his incendiary comments on social media this week; slamming President Trump’s tax cuts as an outright “lie” to middle class Americans.
“During Trump’s campaign, he repeatedly promised the American people that ‘the rich would not gain at all’ from his tax plan. He said it would provide a ‘big-league tax cut for the middle class.’ He lied. It’s time for an economy that works for all of us, not just the rich,” Sanders tweeted.
During Trump's campaign, he repeatedly promised the American people that “the rich would not gain at all” from his tax plan. He said it would provide a “big-league tax cut for the middle class."
It’s time for an economy that works for all of us, not just the rich.
— Bernie Sanders (@BernieSanders) December 1, 2018
It’s time for a political revolution that takes on fossil fuel billionaires, accelerates our transition to clean energy, and finally puts people before the profits of polluters.
— Bernie Sanders (@BernieSanders) December 3, 2018
The self-described Democratic Socialist is widely believed to planning another run for the White House in the coming months; refusing to deny his political ambitions when asked in recent interviews.
SOCIALISM USA! Bernie Slams ‘Wealth Inequality,’ Says 40% of US ‘Can’t Afford Basics'
Vermont Senator and potential 2020 candidate Bernie Sanders identified a major “moral issue” plaguing the nation this week; saying “wealth inequality” needs to be “addressed” because 40% of Americans “cannot afford the basics to live.”
“Wealth inequality is a profound moral issue this country must address. The richest 3 Americans cannot continue owning more wealth than the bottom half of our country, while over 40% cannot afford the basics to live,” said Sanders.
Wealth inequality is a profound moral issue this country must address. The richest 3 Americans cannot continue owning more wealth than the bottom half of our country, while over 40% cannot afford the basics to live.
— Bernie Sanders (@SenSanders) December 24, 2018
The self-described Democrat-Socialist found himself in hot water from supporters and climate change activists just weeks ago, when recent FEC filings revealed he spend large sums of money on private jet travel during the 2018 midterm elections.