Ocasio-Cortez says 'tax the rich' as 2020 Democrats debate taxation
Freshman Rep. (D-N.Y.) bluntly stated "tax the rich" on Twitter Tuesday night as 2020 Democratic presidential candidates debated matters such as Sen. 's proposed wealth tax.
Ocasio-Cortez, a former organizer for Sen. Bernie Sanders's (I-Vt.) 2016 presidential campaign, made the statement as Warren faced scrutiny from a range of candidates, including Sen. (D-Minn.) and businessman , about the potential impacts of her proposed wealth tax.
Tax the rich.- Alexandria Ocasio-Cortez (@AOC) October 16, 2019
Warren, who has seen her support gradually increase throughout the election cycle, has made a wealth tax a centerpiece of her campaign. The proposal calls for impose a 2 percent tax on the wealth of people with more than $50 million in assets, while those with assets more than $1 billion would face a 3 percent tax.
"I think this is about our values as a country. Right now in America, the top one-tenth of one percent have so much wealth," Warren said, later asking,"my question is not why do Bernie and I support a wealth tax, it's why does everyone else on the stage think it is more important to protect billionaires than it is to invest in an entire generation of Americans?"
Elizabeth Warren on closing the income gap: "My question is not why do Bernie and I support a wealth tax, it's why does everyone else on the stage think it is more important to protect billionaires than it is to invest in an entire generation of Americans?" #DemDebate pic.twitter.com/XHQV586X4W- CNN Politics (@CNNPolitics) October 16, 2019
"No one is supporting billionaires," former Vice President quickly responded.
Klobuchar later took aim at the proposal, saying that "no one on this stage wants to protect billionaires."
"Not even the billionaire wants to protect billionaires. We just have different approaches," she said.
Yang also said that the wealth tax makes a lot of sense "in principle," but noted that it had been tried and failed in countries such as Germany and Sweden.
"If we can't learn from the failed experiences of other countries, what can we learn from?" he asked.
Addressing the issue, Sanders, who has been outspoken about inequality, reiterated his demand that the wealthiest in America start paying their fair share in taxes.
"If you are asking me, do I think we should demand that the wealthiest top one tenth of one percent start paying their fair share of taxes, so we can create a nation and a government that works for all of us - yes, that's exactly what I believe," Sanders said.
More News in Alexandria
AMC recently released character bios for the key players in season 10 of The Walking Dead. The true wild card of the bunch is naturally, Negan. Negan is a fairly divisive character, with half of
California Public Employees Retirement System increased its position in Alexandria Real Estate Equities Inc (NYSE:ARE) by 28.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange
ALEXANDRIA, VA - The flu season doesn't have an official start and end time, but the Centers for Disease Control and Prevention recommend people get vaccinated by the end of October. The agency also has
Flinton Capital Management LLC boosted its holdings in Alexandria Real Estate Equities Inc (NYSE:ARE) by 25.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission
APG Asset Management US Inc. lowered its stake in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities