Democratic Primaries
Related: About this forumDisney heiress endorses Warren's wealth tax, calls billionaires opposing it "idiots"
Speaking to CNBCs Karen Tso Thursday, Disney criticized those opposing the proposal to protect their own fortunes.
If you have a billion dollars and (youre worried you wont) make a hundred million dollars a year just by sitting on your couch at home, truthfully youre kind of an idiot, she said. Money just makes money. Its one of the hardest things in the world not to let it grow.
She added it was really important to make the public aware that the ultra-wealthy would not have their spending power dented by Warrens taxation manifesto.
If its a 2% (or) 3% tax, it will in no way inhibit first of all, your buying power, and second of all, the growth of your buying power, Disney claimed. So I dont understand what the hesitation is around a wealth tax, because it in no way encumbers a person who is already so far past being able to spend that money that could be so much better used.
More at https://www.cnbc.com/2019/11/22/disney-heiress-endorses-elizabeth-warrens-wealth-tax.html
primary today, I would vote for: Undecided
blm
(112,919 posts)Some have greater fortunes than countries.
primary today, I would vote for: Joe Biden
BeckyDem
(8,361 posts)Most of them are absorbed by greed despite their charity.
primary today, I would vote for: Joe Biden
blm
(112,919 posts)aggrandizement. The means to celebrate themselves annually.
These people wouldnt hold up over two days working alongside Jimmy Carter.
primary today, I would vote for: Joe Biden
BeyondGeography
(39,278 posts)The Koch name is all over NYC cultural landmarks, Kravis at the Met Museum, etc.
primary today, I would vote for: Undecided
BeckyDem
(8,361 posts)Well said, blm.
primary today, I would vote for: Joe Biden
blm
(112,919 posts)I know the difference between genuine charitable giving and self-glorification.
primary today, I would vote for: Joe Biden
redqueen
(115,096 posts)primary today, I would vote for: Undecided
TidalWave46
(2,061 posts)Love listening to her talk about wealth and basic economics. She is very smart and speaks in simple terms when needed, depending on the audience. If you don't watch all of the videos, please watch the first one.
primary today, I would vote for: Joe Biden
LeftTurn3623
(628 posts)primary today, I would vote for: Undecided
wysimdnwyg
(2,229 posts)If you have a billion dollars and (youre worried you wont) make a hundred million dollars a year just by sitting on your couch at home, truthfully youre kind of an idiot, she said. Money just makes money. Its one of the hardest things in the world not to let it grow.
This is it. This is all anyone needs to understand. The people affected by Warren's wealth tax will earn more than enough to cover the tax - and then some - by simply putting their money in a basic money market fund. People act like that first $50M is all any of them have and that this tax will slowly take it all away. That is, obviously, completely false. And it gets to my biggest argument: These people have more money than they could ever spend in 10 lifetimes, yet it's not enough. They always want more, more, MORE.
If its a 2% (or) 3% tax, it will in no way inhibit first of all, your buying power, and second of all, the growth of your buying power, Disney claimed. So I dont understand what the hesitation is around a wealth tax, because it in no way encumbers a person who is already so far past being able to spend that money that could be so much better used.
Sounds to me like Ms. Disney has her priorities in order.
primary today, I would vote for: Joe Biden
Hoyt
(54,770 posts)it -- increased capital gains, corporate rates, individual rates, estate tax, etc. -- how much MFA will really cost, how far down the income totem pole the increased taxes will have to reach when we get down to it, and whether mandated MFA -- whether you want it or believe it will work -- is a winner in general election vs. a Public Option.
primary today, I would vote for: Joe Biden