Elizabeth Warren has some sensible ideas and needs to be taken seriously, says megadonor who backs Joe Biden

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Warren has some sensible ideas and needs to be taken seriously, says donor who backs Biden

Patricof — who has argued that Facebook, Google and other Big Tech firms are— said he believes "closer regulation and closer attention" on the companies are better alternatives than splitting them up. Patricof has called for a rethinking of the nation's antitrust laws.

Patricof said "no comment' when asked whether he would be impacted by Warren's wealth-tax proposal, which would tax wealth over $50 million at 2% and wealth over $1 billion at 3%.There is an"Some of the things, I have to be honest, I think she makes sense," Patricof said. "But I think that Vice President Biden is aware of exactly the same issue, but just hasn't made that a campaign issue.

Warren's candidacy has steadily gained support from Democratic voters as the former Harvard law professor rolled out a series of populist economic policy proposals.polling average, with 26% support. Biden has 26.5%. Warren, who has sworn off the support of wealthy donors and bundlers such as Patricof, leads Biden in an average of Iowa polls, 23% to 20.3%. The Iowa caucuses, in February, are the first contests of the 2020 election season.

 

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Patricof says he does not agree with Warren’s plans to break up large tech firms & institute a wealth tax.“I don’t think it really makes sense,” he said of the proposal to tax wealth instead of income.... is an income equality problem but “there are better ways of addressing” it.

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