Fading presidential hopeful Elizabeth Warren launched a series of scathing attacks on billionaire Mike Bloomberg Monday; telling supporters in Colorado the former Mayor of New York City is blaming the 2008 financial crisis on “African Americans and Latinos.”
“Giant banks have figured out that they can target people, particularly communities of color… That was the crash of 2008 — no, Mike Bloomberg, you don’t get to blame it on African Americans and Latinos,” screamed Warren.
Sen. Elizabeth Warren: "Giant banks have figured out that they can target people, particularly communities of color… That was the crash of 2008 — no, Mike Bloomberg, you don't get to blame it on African Americans and Latinos." pic.twitter.com/1hkt36TSiT
— The Hill (@thehill) February 24, 2020
Warren called for the total debt relief of Puerto Rico on social media Friday; saying she’s been fighting for the island “long before the hurricanes.”
“I’ve been fighting for Puerto Rico since long before the hurricanes. I got involved in the issue of debt and how Wall Street was treating Puerto Rico like a cash cow. They traded in vulture funds and then went to the island and squeezed more and more and more money out of Puerto Rico,” said Warren.
Puerto Rico needs debt relief—and they need it now. I have been in this fight since before I ran for president, and I will fight for Puerto Rico as president of the United States. pic.twitter.com/DMEse7soWG
— Elizabeth Warren (@ewarren) February 21, 2020
“If Puerto Rico were a city, Puerto Rico could declare bankruptcy, deal with this debt, and be done,” she added.
Watch Warren’s comments above.
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.