Sen. Elizabeth Warren (D-Mass.) said she did not have a beef with billionaires after she was pushed by a fellow 2020 Democratic presidential hopeful about her extreme wealth tax on Tuesday night.

The remarks from Warren came after former Rep. Beto ORourke pushed her about her plan to tax extreme wealth during the fourth 2020 Democratic debate on Tuesday night.

Sometimes I think Senator Warren is more focused on being punitive, or pitting some part of the country against the other instead of lifting people up and making sure this country comes together around those solutions, ORourke said, adding: She has yet to describe her tax plan.

The Massachusetts senator responded:

So Im really shocked at the notion that anyone thinks Im punitive. Look I dont have a beef with billionaires. My problem isyou made a fortune in America, you had a great idea, you got out there and worked for it, good for youbut you built that fortune in America. I guarantee you built that fortune in part using workers all of us help pay to educate. You built it in part getting your goods to market on roads and bridges all of us helped pay for. You built it at least in part protected by police and firefighters all of us helped pay the salaries for.

Warren continued:

And all Im saying is, you make it to the topthe top one-tenth of one percentthen pitch in two cents so every other kid in America has a chance to make it.

The Massachusetts senator has proposed a plan that would put a two percent tax on every dollar of net worth of $50 million or more and a three percent tax on every dollar of net worth above $1 billion.

Warren also faced pushback from Sen. Amy Klobuchar (D-Minn.), who said no one on this stage wants to protect billionaires, adding that Warrens idea was not the only idea.

Source: http://www.dailydot.com/

 

Recommended For You



Like it? Share with your friends!

0 Comments

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.