Elizabeth Warren proposes new 'wealth tax' as 2020 race heats up

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Elizabeth Warren proposed a 'wealth tax' on Americans with more than $50 million in assets last week.

 

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Impossible to calculate for many investors with LLC interests, small-medium private businesses and even large farm operations. Just a bad tax and playing on progressive agenda.

I do not have 50 Millions but those who have itWork for it and no one has the right to take it away who has investigated how so many politicians have become millionaires

Oh brother.

Tell it to Macron!

Sez the woman worth $49.9 million.

How in the Hell can you take anyone seriously that uses words like “Tippy Top” to explain their position? Are they going to call it a “Tippy Top” tax on tax forms? DC isn’t a swamp...it’s freakin’ Romper Room! 🤩🤪😎

50 million in assets. Did you catch that. That is a success tax plan and simply not a income tax. So you would have to pay taxes on something you have already paid taxes on. Like property stock or a business. Why do Dems not like successful people.

I have yet to see an actual multimillionaire or billionaire comment on tax proposals. It’s always poor and middle class folks screaming their guts out to defend the “oppressed plutocrats.” It’s quite a delight tbh.

The epitome of hilarity is constantly reading angry replies from people with less than $10,000 to their names; every time the subject of taxing multimillionaires and billionaires more comes up.. It’s quite funny.

Cue a slew of angry replies from (wait for it)... people who don’t have $50 million in assets, in fact, zero million in assets.

HOW ABOUT STOP SPENDING SO MUCH FUCKING MONEY..REVENUE ISNT THE PROBLEM

I bet all that rich money will just stay in the US if this were to happen 👍. They will be gone to Cayman or Gibraltar.

She must have less than 50 million

Let that be a lesson in ambition - if you work hard and succeed, you get punished.

Everybody would be rich if the government takes full control of affordable housing, electricity, auto insurance, healthcare, funding for college, and the internet which was invented by the government.

Hello Cayman Islands

Raise sin tax, cigs, alcohol, weed, brothels, etc...

This is the liberal version of Trumps wall. It gets the base fired up so it’s good to campaign on, but no one really thinks it’s a good idea.

Is she smokin’ a peace pipe⁉️She is 1/2024 Native American...

Let the “taxing and spending” begin by the Left......it starts at high income levels for their spending and the wealthy hide, defer and move their wealth and the socialist come for the middle class eventually!!!

Why is this the answer to everything? The poor are paying no taxes as is. The top 20% are already paying almost 90% of the taxes. The middle class is catching the rest. These silly political talking points have no basis in reality.

Success tax.

It's not a tax at all... it's asset confiscation. This is exactly what happened in Venezuela, Cuba, Soviet Union. This is how it starts. Remember one thing. EVERY democrat idea will involve tax increases and more government.

It already exists, it's called property tax. And for all of you who think you've escaped that, just remember it only takes you landlord about 5 milliseconds to pass any tax increase right along to you as rent increases.

I think if anyone makes over $50 million then we should take all their money and give it to everyone. People that rich use more public roads and schools and welfare benefits more than the regular folks. It’s fair cuz they’re so rich and don’t need rights.

She should relocate to France.

CNBC is really worthless these days. They shill for leftists at every opportunity.

Aren't the very wealthy the ones who HIRE THE REST OF US stupidity at it's finest....

I think that we should just target certain states... just pick one state and make those people pay for everything. The 49 states don’t pay anything.

Socialism at it highest order right in the US Senate, stop here now!

I propose a flat tax that every American pays regardless of income with no exceptions. Everyone needs skin in the game and less lunatics will call for tax hikes if they too had to pay .

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Elizabeth Warren to propose new 'wealth tax' as 2020 race heats up: Economic advisorwhy not 10 million?....whos she protecting?....go big or go home right Does she know that would affect Nancy Pelosi? Smart. Now all we need is a government that knows what people want.
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