Democratic Primaries

Renew Deal

(81,846 posts) Thu Dec 5, 2019, 11:37 PM Dec 2019

Its notable that multi-millionaire Elizabeth Warren wants a wealth tax for a number above her wealth

Elizabeth Warren is worth approximately $12 Million. Yet she wants her wealth tax to start at $50 million. How many more kids can go to college if the wealth tax applied to fortunes beginning at $5 Million?

Does Warren consider herself filthy rich or ridiculously rich?

Warren and her husband have an estimated combined net worth of $12 million, according to Forbes. Most of their wealth is held in retirement accounts and real estate. The senator has also brought in hundreds of thousands from book royalties.

https://www.businessinsider.com/elizabeth-warren-net-worth-wealth-real-estate-assets

If I were to vote in a presidential
primary today, I would vote for: Undecided

16 replies

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Highlight:

Its notable that multi-millionaire Elizabeth Warren wants a wealth tax for a number above her wealth (Original Post) Renew Deal Dec 2019 OP

A wealth tax that goes down to 5 million might seem attractive Turbineguy Dec 2019 #1

This. Beartracks Dec 2019 #7

A national minimum wage Turbineguy Dec 2019 #12

I'm sure we can work out a sliding scale so that doesn't happen. nt UniteFightBack Dec 2019 #15

Bonkers. crazytown Dec 2019 #2

"Does Warren consider herself filthy rich or ridiculously rich?" crazytown Dec 2019 #3

A net worth of $12 million with a an average gross income in the hundreds of thousands Renew Deal Dec 2019 #4

Do you favor any sort of wealth tax? crazytown Dec 2019 #5

That would be difficult. Don't want to irritate those big donors dontcha know. hedda_foil Dec 2019 #6

Are you standing up for the one group that doesn't support her wealth tax as is? BeyondGeography Dec 2019 #8

Shouldn't her tax be expanded to include her? Renew Deal Dec 2019 #9

Are you accusing Warren of being greedy? BeyondGeography Dec 2019 #10

That's a good point. That looks bad... really bad. Joe941 Dec 2019 #11

Oh please. It's not like she changed up her talking points after becoming a millionaire. MrsCoffee Dec 2019 #13

57 % of Republicans like wealth tax womanofthehills Dec 2019 #14

Excellent point.....though I doubt her WT plan would pass... AncientGeezer Dec 2019 #16

Turbineguy

(37,291 posts)

1. A wealth tax that goes down to 5 million might seem attractive

Reply to Renew Deal (Original post)

Thu Dec 5, 2019, 11:42 PM

Dec 2019

but in the short and medium term would cause more harm than good.

There are lots of low-grade millionaires who would have to mortgage or sell their businesses to pay.

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

Beartracks

(12,797 posts)

7. This.

Reply to Turbineguy (Reply #1)

Fri Dec 6, 2019, 12:08 AM

Dec 2019

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

Turbineguy

(37,291 posts)

12. A national minimum wage

Reply to Beartracks (Reply #7)

Fri Dec 6, 2019, 08:28 AM

Dec 2019

would be better at the low end and a wealth tax better at the high end.

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

UniteFightBack

(8,231 posts)

15. I'm sure we can work out a sliding scale so that doesn't happen. nt

Reply to Turbineguy (Reply #1)

Fri Dec 6, 2019, 01:38 PM

Dec 2019

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

crazytown

(7,277 posts)

2. Bonkers.

Reply to Renew Deal (Original post)

Thu Dec 5, 2019, 11:53 PM

Dec 2019

Tuition free 4 year public college is filly funded ny Warren's current tax proposals.

If I were to vote in a presidential
primary today, I would vote for: Undecided

crazytown

(7,277 posts)

3. "Does Warren consider herself filthy rich or ridiculously rich?"

Reply to Renew Deal (Original post)

Thu Dec 5, 2019, 11:54 PM

Dec 2019

WTF? Explain yourself.

If I were to vote in a presidential
primary today, I would vote for: Undecided

Renew Deal

(81,846 posts)

4. A net worth of $12 million with a an average gross income in the hundreds of thousands

Reply to crazytown (Reply #3)

Fri Dec 6, 2019, 12:00 AM

Dec 2019

puts her into the upper tiers of American society.

If I were to vote in a presidential
primary today, I would vote for: Undecided

crazytown

(7,277 posts)

5. Do you favor any sort of wealth tax?

Reply to Renew Deal (Reply #4)

Fri Dec 6, 2019, 12:03 AM

Dec 2019

Say just got billionaires for example?

If I were to vote in a presidential
primary today, I would vote for: Undecided

hedda_foil

(16,371 posts)

6. That would be difficult. Don't want to irritate those big donors dontcha know.

Reply to crazytown (Reply #5)

Fri Dec 6, 2019, 12:06 AM

Dec 2019

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

BeyondGeography

(39,346 posts)

8. Are you standing up for the one group that doesn't support her wealth tax as is?

Reply to Renew Deal (Original post)

Fri Dec 6, 2019, 12:13 AM

Dec 2019

Link to tweet

If I were to vote in a presidential
primary today, I would vote for: Undecided

Renew Deal

(81,846 posts)

9. Shouldn't her tax be expanded to include her?

Reply to BeyondGeography (Reply #8)

Fri Dec 6, 2019, 12:23 AM

Dec 2019

Or did she purposely carve herself out of it?

If I were to vote in a presidential
primary today, I would vote for: Undecided

BeyondGeography

(39,346 posts)

10. Are you accusing Warren of being greedy?

Reply to Renew Deal (Reply #9)

Fri Dec 6, 2019, 12:24 AM

Dec 2019

If I were to vote in a presidential
primary today, I would vote for: Undecided

Joe941

(2,848 posts)

11. That's a good point. That looks bad... really bad.

Reply to Renew Deal (Original post)

Fri Dec 6, 2019, 01:10 AM

Dec 2019

If I were to vote in a presidential
primary today, I would vote for: Undecided

MrsCoffee

(5,801 posts)

13. Oh please. It's not like she changed up her talking points after becoming a millionaire.

Reply to Renew Deal (Original post)

Fri Dec 6, 2019, 08:32 AM

Dec 2019

What a sick accusation by the way.

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

womanofthehills

(8,661 posts)

14. 57 % of Republicans like wealth tax

Reply to Renew Deal (Original post)

Fri Dec 6, 2019, 01:36 PM

Dec 2019

According to recent poll - reported by Common Dreams

If I were to vote in a presidential
primary today, I would vote for: Undecided

AncientGeezer

(2,146 posts)

16. Excellent point.....though I doubt her WT plan would pass...

Reply to Renew Deal (Original post)

Fri Dec 6, 2019, 03:21 PM

Dec 2019

SCOTUS consideration anyways.

If I were to vote in a presidential
primary today, I would vote for: Undecided

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