Senator Elizabeth Warren continued her all-out attack on America’s wealthiest residents during Wednesday’s Democrat debate; saying she’s “tired of freeloading billionaires” who don’t pay their fair share in taxes.
“Today, the 99% in America are on track to pay about 7.2% of their total wealth in taxes. The top one-tenth of 1% that I want to say pay two cents more, they’ll pay 3.2% in America. I’m tired of freeloading billionaires. I think it’s time that we ask those at the very top to pay more so that every single one of our children gets a real chance,” Warren said in Atlanta.
— Elizabeth Warren (@ewarren) November 21, 2019
Warren doubled-down on her demands for the ‘Green New Deal’ Monday; saying the radical proposal is “about fighting for economic justice” for American workers.
“The Green New Deal isn’t just about fighting climate change. It’s about fighting for environmental and economic justice. American workers can lead the global effort to end the climate crisis, build a green new economy, and create more than a million good jobs here at home,” posted Warren on social media.
The #GreenNewDeal isn't just about fighting climate change. It's about fighting for environmental and economic justice. American workers can lead the global effort to end the climate crisis, build a green new economy, and create more than a million good jobs here at home. pic.twitter.com/WNukfPT6tD
— Elizabeth Warren (@ewarren) November 18, 2019
A new report from the Wall Street Journal is shedding dramatic new light on Elizabeth Warren’s economic proposal; saying her recently revealed tax plan could bring rates over 100% for wealthy Americans.
“Democratic presidential candidate Elizabeth Warren has unveiled sweeping tax proposals that would push federal tax rates on some billionaires and multimillionaires above 100%,” writes the Wall Street Journal.
“That prospect raises questions for taxpayers and the broader economy that experts are starting to ponder: Under which circumstances would taxpayers have to pay those rates? How might that change their behavior? And would investment and economic growth suffer?” adds the report.
BACKLASH: Elizabeth Warren’s ‘Billionaire Tears’ Campaign Merchandise Sparks Criticism
Senator Elizabeth Warren raised eyebrows on both sides of the political aisle this week after her campaign store began selling merchandise labeled with “Billionaire Tears,” a move some are calling inappropriate and distasteful.
“Presidential candidate Elizabeth Warren isn’t backing down from her fight against billionaires — in fact, the Democratic senator from Massachusetts is now selling $25 ‘billionaire tears’ mugs on her campaign website,” reports Yahoo News.
“In November 2019, billionaire and former Goldman Sachs executive Leon Cooperman (who as recently as 2017 settled with the SEC on insider-trading charges) was brought to tears on live television while discussing the prospect that a President Elizabeth Warren might require him to pay his fair share in taxes,” writes Warren’s webstore.
“Savor a warm, slightly salty beverage of your choice in this union-made mug as you contemplate all the good a wealth tax could do: universal childcare, student debt cancellation, universal free college, and more,” adds the site.
By popular demand:
— Team Warren (@TeamWarren) November 14, 2019
“I’ve paid over $10 billion in taxes,” said billionaire Bill Gates when asked to comment on Warren’s ‘Ultra Wealth’ tax. “If I had to pay $20 billion, it’s fine. But when you say I should pay $100 billion, OK then I’m starting to do a little math about what I have left over. You really want the incentive system to be there, and you can go a long way without threatening that.”
Read the full report here.
Source: Yahoo News
BAN BILLIONAIRES! AOC Says ‘No Person Should Have a Billion Dollars’ in the United States
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.
“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. https://t.co/fjxKOGIdc2
— Alexandria Ocasio-Cortez (@AOC) October 2, 2019
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.”
Billionaires should not exist. https://t.co/hgR6CeFvLa
— Bernie Sanders (@BernieSanders) September 24, 2019
There should be no billionaires. We are going to tax their extreme wealth and invest in working people. Read the plan: https://t.co/RJDLvX5H4c
— Bernie Sanders (@BernieSanders) September 24, 2019
“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.