Elizabeth to CNBC host: “I hope you’re embarrassed to ask if two cents is confiscatory”

Elizabeth got a question that seemed to take her by surprise — about whether this tax would be too harsh on ultra-millionaires and billionaires. You're going to want to watch (and share) her response:

Danielle, Last week, Elizabeth introduced a bill for a two-cent-per-dollar wealth tax on fortunes above $50 million, plus a few pennies more for billionaires. She went on CNBC to talk about how this tax would bring in at least $3 trillion over 10 years. That's money we could invest in opportunity for Americans who have been struggling in this pandemic and long before it started. But she got a question that seemed to take her by surprise — about whether this tax would be too harsh on ultra-millionaires and billionaires. You're going to want to watch (and share) her response: Watch it on Facebook Watch it on Twitter Watch it on Instagram As Elizabeth reminded the CNBC host, billionaires have been doing just fine lately. Billionaire wealth has gone up 40 percent since the COVID crisis began, now standing at $4.2 trillion. Meanwhile, millions of people are still unemployed and families are struggling to make ends meet. With Elizabeth's plan for a wealth tax in place, we can address the growing power of ultra-millionaires and billionaires. We can raise revenue that will raise opportunity, through plans like expanding the caregiving economy, rebuilding infrastructure, ensuring high quality k-12 education, and making public colleges and technical schools tuition-free. And we can make our country work for everyone, not just the rich and powerful. Watch and share this video of Elizabeth making the case for a wealth tax — and let's fight to get this done. Thanks, Team Warren   DONATE NOW Paid for by Warren Democrats All content © 2021 Warren Democrats, All Rights Reserved PO Box 171375, Boston, MA 02117 This email was sent to danielle.davenport.blog@blogger.com We'll miss you, but you can always unsubscribe.