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BeyondGeography

(39,278 posts)
Fri Nov 22, 2019, 10:50 AM Nov 2019

Disney heiress endorses Warren's wealth tax, calls billionaires opposing it "idiots"

Abigail Disney, the heiress to the world-renowned entertainment firm, has endorsed the proposed wealth tax from Democratic presidential candidate Sen. Elizabeth Warren, slamming the wealthy people that are fighting the policy as “idiots.”

Speaking to CNBC’s Karen Tso Thursday, Disney criticized those opposing the proposal to protect their own fortunes.

“If you have a billion dollars and (you’re worried you won’t) make a hundred million dollars a year just by sitting on your couch at home, truthfully you’re kind of an idiot,” she said. “Money just makes money. It’s 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 Warren’s taxation manifesto.

“If it’s 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 don’t 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
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Disney heiress endorses Warren's wealth tax, calls billionaires opposing it "idiots" (Original Post) BeyondGeography Nov 2019 OP
How much more do they need? blm Nov 2019 #1
Good for her. BeckyDem Nov 2019 #2
For some of them their 'charity' is a pedestal they've bought for their own blm Nov 2019 #3
And in perpetuity BeyondGeography Nov 2019 #4
He is an alien to most of them. BeckyDem Nov 2019 #9
I worked with wonderful nonprofits for many years. blm Nov 2019 #11
Thank you for saying this redqueen Nov 2019 #10
She is solid. I have seen a lot of her. TidalWave46 Nov 2019 #5
I wish more people would speak out like this LeftTurn3623 Nov 2019 #6
This is the thing... wysimdnwyg Nov 2019 #7
There are a number of wealthy who have endorsed increased taxes. Question is how best to do Hoyt Nov 2019 #8
 

blm

(112,919 posts)
1. How much more do they need?
Fri Nov 22, 2019, 10:56 AM
Nov 2019

Some have greater fortunes than countries.

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

BeckyDem

(8,361 posts)
2. Good for her.
Fri Nov 22, 2019, 11:00 AM
Nov 2019

Most of them are absorbed by greed despite their charity.

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

blm

(112,919 posts)
3. For some of them their 'charity' is a pedestal they've bought for their own
Fri Nov 22, 2019, 11:03 AM
Nov 2019

aggrandizement. The means to celebrate themselves annually.

These people wouldn’t hold up over two days working alongside Jimmy Carter.

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

BeyondGeography

(39,278 posts)
4. And in perpetuity
Fri Nov 22, 2019, 11:05 AM
Nov 2019

The Koch name is all over NYC cultural landmarks, Kravis at the Met Museum, etc.

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

BeckyDem

(8,361 posts)
9. He is an alien to most of them.
Fri Nov 22, 2019, 01:45 PM
Nov 2019

Well said, blm.

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

blm

(112,919 posts)
11. I worked with wonderful nonprofits for many years.
Fri Nov 22, 2019, 07:03 PM
Nov 2019

I know the difference between genuine charitable giving and self-glorification.

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

redqueen

(115,096 posts)
10. Thank you for saying this
Fri Nov 22, 2019, 04:07 PM
Nov 2019
If I were to vote in a presidential
primary today, I would vote for:
Undecided
 

TidalWave46

(2,061 posts)
5. She is solid. I have seen a lot of her.
Fri Nov 22, 2019, 11:13 AM
Nov 2019

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.









If I were to vote in a presidential
primary today, I would vote for:
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LeftTurn3623

(628 posts)
6. I wish more people would speak out like this
Fri Nov 22, 2019, 11:14 AM
Nov 2019
If I were to vote in a presidential
primary today, I would vote for:
Undecided
 

wysimdnwyg

(2,229 posts)
7. This is the thing...
Fri Nov 22, 2019, 11:51 AM
Nov 2019

“If you have a billion dollars and (you’re worried you won’t) make a hundred million dollars a year just by sitting on your couch at home, truthfully you’re kind of an idiot,” she said. “Money just makes money. It’s 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 it’s 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 don’t 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.

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

Hoyt

(54,770 posts)
8. There are a number of wealthy who have endorsed increased taxes. Question is how best to do
Fri Nov 22, 2019, 12:04 PM
Nov 2019

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.

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