Warren defends wealth tax: 'I'm tired of freeloading billionaires'

[BeckyDem]

( Most of us are tired of them too. Warren 2020! )

Yahoo Finance

November 20, 2019

Sen. Elizabeth Warren’s (D-Mass.) wealth tax came under the spotlight during the Democratic presidential debate on Wednesday night.

The Massachusetts senator was asked about her ultra-millionaire tax, which would impose an annual tax of 2% on every dollar a household has above $50 million, which increases to 6% for households with more than $1 billion.

“I’m tired of freeloading billionaires,” Warren said at the podium. “I think it's time that we ask the very top to pay more."

Warren recently unveiled a Calculator for the Billionaires, which features sections for high net worth individuals, like Amazon (AMZN) CEO Jeff Bezos and Facebook (FB) CEO Mark Zuckerberg, to show what they would pay with her wealth tax. It also allows individuals who identify as billionaires to enter in their respective incomes to find out how much they would pay.

https://finance.yahoo.com/news/democratic-debate-elizabeth-warren-defends-wealth-tax-tired-of-freeloading-billionaires-031040597.html

[PubliusEnigma]

1. How does she feel about Pied Pipers??

[BeckyDem]

2. Asking Joe might give you a clearer answer.

[Hoyt]

3. Ouch. But, good response.