On Tuesday night, as Democrats debated several proposals to tax the wealthiest People of America, Massachusetts Sen. Elizabeth Warren’s concepts have been known as “punitive,” placing her on the defensive concerning her views on the wealthy.
“I’m shocked by the notion that anybody thinks I’m punitive,” Warren stated in the debate in Ohio. Warren also said that she does not have a beef with billionaires; her problem is people made a fortune in America had an excellent thought; they got out there and worked for it good for them. However, they have built that fortune in America; they made it partially utilizing employees. All of them helped educate. People created it, getting goods to market on roads and bridges; all of them contributed to pay. They built a minimum of in part protected by police and firefighters all of us to pay the salaries.
Warren also added that the top one-tenth of the 1 % should pitch in “2 cents, so every other child in the U.S. has a chance to make it.”
Former Texas lawmaker Beto O’Rourke voiced concern that her policies were “punitive,” and not focused on lifting those who wanted the most assist.
Independent Vermont Sen. Bernie Sanders was requested whether the objective of his wealth tax was to “tax the billionaire class out of existence,” to which he responded: “The reality is, we cannot afford to continue this level of earnings and wealth inequality, and we can’t afford a billionaire class whose desire including corruption has been at conflict with the working families of this country for 45 years.”
As the only billionaire on stage, Tom Steyer mentioned he was one of the first 2020 candidates to propose a wealth tax and added that he would undo the Republican tax cuts for the wealthy.