Warren’s Wealth Tax Would Cost Her Own Billionaire Backers $430 Million A Year

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3 billionaires donated $2,800 each to Elizabeth Warren’s campaign—if she gets elected and is able to pass her proposed wealth tax, they would owe a collective $430 million a year, making it one of the worst financial investments of all time

Still, the billionaires may not mind. “Very lucky guy here ,” Saccaabout himself in January, when Warren first announced her plan to create a wealth tax. “Weighing in to say that [Warren’s] proposal to put a 2-3% annual tax on wealth over $50 million is extremely and radically… reasonable.”

“Details will be everything,” he added. “Not everyone who is rich is liquid and able to pay cash. Asset valuation is hard. Ownership can be murky. There will be workarounds. And so on. But, the idea of a very modest tax on accumulating assets, is interesting.” Rales and Newmark did not respond to requests for comment.

 

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Wealth tax pioneer: Massive capital flight out of US if Warren elected via YouTube

My bad

What a silly tweet. It’s not a financial investment. It could be a political one that yields financial benefits, but still, what a pernicious way to continue devolving journalism

but dont forget eventually the government will get it all. After a couple of years this and they will no longer be billionaires. and the Gov will have wasted the money that they collected and the programs will go unfunded until they tax us more!!!!

Then there is back to reality.

To bad she has to be president to write laws, seems like something a Senator could get done.

It’s almost as if they have a conscience 🤷‍♂️. Nice job shaming them, you elitist f**ks

at a billion, people would imagine you would have more empathy/compassion and wish better lives for others in a bigger way, moreso because you are set for good

Well you are supposed to support a candidate because it benefits the people and not just yourself our of greed.

Thinking of dollars as seconds, $2,800 = 45 minutes $430 million = approx 13 years - and that’s between them A billion = 31 years - and they’ve got at least one each. They’re not going to miss meals anytime soon.

Just because she's elected doesn't mean the law will pass. She knows that too.

Pretty dumb.

And there lies the problem... campaign/political donations =/ financial investments

If I remember the owner of this magazine is also a billionaire and I guess he is making sure his money is never used to help the poor.

Well, she’s not going to get elected.

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