38 Comments

1. 

   @stanislausklim7794

   January 8, 2024 at 12:10 am

   1. You say that the tax is only on the rich. That is practically the same way federal income taxes started. It was just a small percentage on rich incomes. Now we all are paying income taxes at more than the highest bracket when federal income taxes started (I think like 7% or so). So while the current proposal (if implemented) would only be a tax on billionaires, I don't doubt that the amount of people subject to this tax would increase and increase as the threshold for being subject to this tax would get lower and lower, until we are all subject to this tax.

   2. Just because it's popular (which may be up to debate) doesn't mean it should be implemented. The proposal is just plain unconstitutional. It is a non-income based direct tax, so it has to be proportional (meaning everyone pays about the same amount). Such a proposal would not be proportional, so it would be unconstitutional. Plus, it might also violate the 5th Amendment. "No person shall…be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation." If the federal government seizes a person's actual wealth, theoretically they might have to compensate them an amount equal to the worth of the taken property, which would be the wealth that was taken, making the whole thing redundant.

   3. I find it a little disturbing that the federal government would have the power to do this. Sure, it's a small percentage, but what's to stop somebody from imposing what is essentially a cap on the amount of wealth a person can have by setting the percentage to 100%?

   Reply
2. 

   @rickcaldwell2862

   January 8, 2024 at 12:10 am

   Warren is either an enormous fool or a liar, or both. Inflation is due to the increase in the money supply. Add on top of it the idiotic supply restrictions placed on energy by Biden's policies and you have runaway inflation. Energy is a component of the price of every good or service consumers purchase. What has happened recently to the cost of energy?

   As I said Elizabeth Warren is a fool, and Joy Reid is a terrible host because she didn't ask Warren a single tough question. Glad Reid's show is being canceled, but the morons at MSNBC will find someone worse to take her place.

   Reply
3. 

   @TheNycKraken

   January 8, 2024 at 12:10 am

   Both of you are pure liars. Warren is just stupid, or just lazy. Any 120 yeat old that does the math can see her plan has already failed.

   Reply
4. 

   @9sssss

   January 8, 2024 at 12:10 am

   A fake reporter talking to a fake native American. Can't get more CNN then that.

   Reply
5. 

   @naghanass2430

   January 8, 2024 at 12:10 am

   If you are buying into this you do not have an open mind nor do you do research to see the other side of the issue. You’re lazy, greedy narcissist looking for a hand out. Earn your keep and vote for equality of opportunities over equality of out come aka equity.

   Reply
6. 

   @nathanielhale8424

   January 8, 2024 at 12:10 am

   This Commie and those who support her thinking have to go.

   Reply
7. 

   @s.j.c.5821

   January 8, 2024 at 12:10 am

   #CancelJoyReid. No room for racism.

   Reply
8. 

   @tidbit1877

   January 8, 2024 at 12:10 am

   YES! YES! YES! Goooooo Waren! Not only do we need a wealth tax but it should be progressive and graduated; lets save our Capitalism!

   Reply
9. 

   @vade137

   January 8, 2024 at 12:10 am

   Reid and Warren are two examples of why you should not send your kids to Harvard.

   Reply
10. 

    @endlessadventure541

    January 8, 2024 at 12:10 am

    How could anyone live on less than $50 million? That's ridiculous.

    Reply
11. 

    @Mark-vg8yn

    January 8, 2024 at 12:10 am

    I agree with this wealth tax. Middle class Americans pay 1.5% as property taxes on their largest asset. For many Americans, the house is their only asset until they are in their late 50s. So why shouldn't the ultra wealthy pay the same 1.5%, or more, on all of their wealth too.

    Reply
12. 

    @kuistancfraine3488

    January 8, 2024 at 12:10 am

    Not only possible, Necessary, these fat whites need 2 pay their share. The middle class has been taking it in the shorts for long enuf. These folks have accountants, & tax lawyers to hide their assets from taxation so they can escape having to pay & they can keep hoarding wealth. Meanwhile, Jonh Q. Public eats it. It's time to pay up. The old tax laws from the 50's they oaid upwards of 75%!!! We could go back to that if they don't like this option.

    Reply
13. 

    @cruella5521

    January 8, 2024 at 12:10 am

    Be sure to tax Kanye West who is now worth 12 billion this year but got a PPP loan in the millions last year.

    Reply
14. 

    @markfitzpatrick7186

    January 8, 2024 at 12:10 am

    Wealth Taxes have consistently failed everywhere they have been implemented. They have a lot of flaws and the beneficiaries will be tax lawyers and the lobbyists who support them while ordinary American overseas will once again get hit with outsized "unintended" consequences. The rich can escape these taxes. There are better alternatives (that should have been implemented in the 90's!) that would reduce inequity and the accumulation of power through money. This is nothing more than Neo-liberal legislation dressed up in Progressive rhetoric. Read the book by the two French academics who advise Warren and you'll get an idea of how authoritarian this will get.

    Reply
15. 

    @posttyped11

    January 8, 2024 at 12:10 am

    Not so fast. Wake up people. This is straight up Marxism. Raising taxes is one thing, but seizing something someone already has? This happens in every communist country.

    Reply
16. 

    @Desantis-rk2wu

    January 8, 2024 at 12:10 am

    Yayyy a wealth tax that was implemented in 15 countries and 11 of those got rid of it.

    Reply
17. 

    @asiaramsey5648

    January 8, 2024 at 12:10 am

    Do y'all know how many other presidents tried this? It failed EVERY TIME. Does anybody do research nowadays?

    Reply
18. 

    @asiaramsey5648

    January 8, 2024 at 12:10 am

    Y'all dumb if y'all think this is going to work.

    Reply
19. 

    @boodini6711

    January 8, 2024 at 12:10 am

    First of all Joy you are looking good My Grandfather could not read because he had to drop out of the second grade to Sharecropp, Why do you want to tax the people who increase the production of the World that allow people to occupy Wall Street. How can a person protest for weeks without working. When in human history can a person sit around and not hunt and gather or farm. You need to tax people who are sitting around everyday drinking and doing drugs and not producing for society and only taking, I see them everyday where I live and leave the producers alone. Over 80% of millionaires are self made

    Reply
20. 

    @michellem4287

    January 8, 2024 at 12:10 am

    Love Liz! Go get them and make them pay their fair share.

    Reply
21. 

    @e.458

    January 8, 2024 at 12:10 am

    I'd like them to argue more with need-based justice – or with utilitarianism . Taking (even hundreds of) millions away from billionaires does not really hurt them, they still have enough to afford all the luxury and power in the world. So, these taxes really do not cause any real suffering for them. Not investing in infrastructure, healthcare, childcare, fair housing, education, fair wages, etc. does cause a great deal of suffering to poor people. It can lead to homelesness, hunger, death of preventable causes, … (there are dozens more negative consequences of poverty)
    So, why do poor people "deserve" this help if they (supposedly) didn't earn it? Because it would be inhumane to want them to suffer when it could be remedied without causing suffering to anyone else.
    It's not about who is deserving, it's about how everyone can lead a good life. (See Declaration of Independence or the Parable of the Workers in the Vineyard -for Christians)

    Reply
22. 

    @TSgtCooper1

    January 8, 2024 at 12:10 am

    1 million dollars could be given to each voter and that would be less than 1.9 trillion

    Reply
23. 

    @tigersforever4577

    January 8, 2024 at 12:10 am

    Don't hold your breath on securing any rational support or collegiality from the GOP.

    Reply
24. 

    @NHope-md8ds

    January 8, 2024 at 12:10 am

    Say what you will about Warren, I know she is imperfect, but that's my girl! Love her!

    Reply
25. 

    @aliciaciolli6042

    January 8, 2024 at 12:10 am

    Love you both!

    Reply
26. 

    @rickyrichardson4033

    January 8, 2024 at 12:10 am

    I love IT..

    Reply
27. 

    @mariedriskell8752

    January 8, 2024 at 12:10 am

    Is that corporations and personal $$$???

    Reply
28. 

    @emsleywyatt3400

    January 8, 2024 at 12:10 am

    You and me pay taxes on the chief repository of our wealth. It's called the property tax. So what's wrong with taxing the chief repository of the wealth of the 1%?

    Reply
29. 

    @johnwayne1262

    January 8, 2024 at 12:10 am

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    Reply
30. 

    @gwendolynhinson4496

    January 8, 2024 at 12:10 am

    I love it!!!! Bulldoze everything that gets support across party lines by the people forgetting the elected officials! The chickens are coming home to roost! And while we are at it, take money out of politics! And another thing, continue to push and support the establishment of employee unions for job securities, liveable and fair wage increases according to job performances and tenure and advances! LoveLove

    Reply
31. 

    @sannyleaonimranhasmi4404

    January 8, 2024 at 12:10 am

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    Reply
32. 

    @reneolguin1081

    January 8, 2024 at 12:10 am

    republicans love reagan…until you point out what the tax rates were under his presidency–

    Reply
33. 

    @danettaowens1081

    January 8, 2024 at 12:10 am

    WARREN WHY ARE THEY AFRAID YO HELP SSI, SSA, ECT.SO MANY OF THOES PEOPLE ONLY GET 800.00 TO 900.00 A MONTH. THAT DONT EVEN PAY RENT. FOOD STAMP DOESNT PAY FOR WASHING POWER, TOILET PAPER ECT. 😒
    THE RICH SHOULD PAY THEIR FAIR SHARE.

    Reply
34. 

    @DavidTanisDreams

    January 8, 2024 at 12:10 am

    Wealth tax is a must. Covid showed us we don’t have an equitable country and this is a great way to start. If elected republicans won’t support it, do it anyway. It won’t effect republican voters (except like 1000 of them)

    Reply
35. 

    @winston1st

    January 8, 2024 at 12:10 am

    YES , Tax all those RICH people who have kept all their money from TAXES , TAX the crap out of them , It is about time they start paying their share of taxes to this country ! If Trump was able to skirt past paying his share of taxes what makes anybody think that more of the RICH of this country have not done the same dam thing !!!!!!

    Reply
36. 

    @melissacummings9450

    January 8, 2024 at 12:10 am

    During FDR's New Deal corporations paid 75% tax rate. They should be raising the tax rate now for corporations and ultra-rich. They use the resources of this country to make them wealthy they can help pay for it also

    Reply
37. 

    @solomonessix6909

    January 8, 2024 at 12:10 am

    Pro Wealth Tax!

    Reply
38. 

    @djtlyingpossucks901

    January 8, 2024 at 12:10 am

    Mrs.Warren explain to America how these billionaires hid their money overseas and not pay taxes. Millionaires need to step up and help the economy, and stop profiting from covid 19 half a million people have died.

    Reply

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