Elizabeth Warren is taking her showdown with Wall Street and American billionaires to the airwaves with a new ad. Moody’s Analytics Chief Economist Mark Zandi, New York Times Wall Street Reporter Kate Kelly, and Ritholtz Wealth Management CEO Josh Brown join Stephanie Ruhle to break down the numbers behind Warren’s plan. Aired on 11/14/19
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Elizabeth Warren Blasts Billionaires In New Ad | Velshi & Ruhle | MSNBC
“Super rich are too smart, so why tax them?”
Seriously, you aren’t even going to make an argument?
Please show some respect to your viewers.
“People drink and drive, so why make it illegal?”
@Leif Torgersen I just wanted to add there is also a large cost saving for medical care once you remove the HMOs. HMO’s run much higher administration costs then public health care models. Plus they make a profit. The US spends double per person for health care then a public system like Canada right now.
Closing out the middle men will lead to massive savings. And the death of an insurance industry which will lobby tooth and nail against it.
I am from Europe and have noticed this Stephanie Rhule woman is so corporatist, looks donw on Leftists and lives in this Rich persons bubble.
She is dispises Leftists and more on the side of Establishment / Centrists status quo elitists in the DEM party..
No one person should be able to buy an election, time for limits on donors!
@Ro G Warren was a Republican until 1989, she was a proponent of Ronald Reagan’s trickle down economic policy which destroyed the middle class. She has recently said “I believe in markets down to my toes”, “I am a capitalist to my bones”, and “I am just a player in the game”. During the same time, and both beforehand and afterward, President Bernie Sanders was involved in just the opposite: fighting for the well being of the working class. Pick any of the multitude of photographs with Elizabeth and Hillary holding hands aloft adorned in matching outfits and you have the whole story.
that would be clinton,2016,Trump spent about half of what Clinton did on his way to the presidency.
@Ro G I can already see that she won’t get anything done. She knows wealth tax wont be able to implemented successful, even it did, it will not generate the revenue she projected, it’s been done in several other countries and they repealed it because the chaos it created. Also, her stance on healthcare is just a fairy tale, she has no plan or continue changing her ‘M4A’ version. I am pretty sure she is not fighting for regular people.
The “fear of charitable organizations” that donations will dry up sounds pretty contrived. As long as the rich can write off donations, they’ll keep donating to charities.
Most give to charities that have rich ceo’s.
Exactly
Also if all the wealth wasn’t stagnated at the top maybe we wouldn’t need all these charities.
When will hannity be subpoenaed to testify and answer to his role and Fox’s involvement in the Yovanovitch smear campaign?
Never Again old news you are out of touch try to keep up.
SCAREMONGERING!
When more people have a disposable income, they give more to charity,
allowing it to be just the choices of the super rich FAILS as most of their donations are skewed by:
“Kudos”, “publicity”, “quid pro quos” and all the other reasons we never hear about in public.
Spend more tax revenue on social programs and we won’t need charities anymore.
Countries in the European Union have “state funded” hospitals and “national health” services, (funding is by national insurance) medical help is free for everyone including foreigners..
Antony you’re welcome to try another country of your choice.
In finland it is not free for people outside of eu, but if it is an emergency you are treated first and figure out the payments later.
@Bovine One What rights are you born with? Or we are the ones that decide what Rights for good for everyone?
the billionaire class likes to tell us that it is them that make the economy run . BS! It is average Americans and all we need is to stop being afraid
It used to be . But since the Crash it’s been trickle up economy and it was done on purpose.
@Troy Stocker We use to . But thanks to Wall STreet, Congress , Bush, and Obama we don’t anymore . But they the 3 % are richer than ever in history?
You nailed it
@Bovine One okay lets stipulate supply side economics is a real thing, how does supply side economics work if the people you want to supply your product too dont have the money to buy it, or have to go into debt to buy? you know what else is a real thing, human greed rather is stealing or wanting more its all based on human greed. i went to Elizabeth Warren’s website and did her Billionaire Calculator app and this is one of the things i saw. Bloomberg’s wealth is 52 billion dollars , his tax next year would be 3.079 billion dollars. That is just one year, and its not saying he would pay 3.079 billion a year if he does not make 52 billion a year. Here is Jeff Bezos net worth 112.3 billion dollars, he would pay 6.97 billion in taxes and that would be only one year. In 2017 Jeff Bezos made 40 billion dollars, while his average worker made 28k for the same year. You may think, that is okay, but let me ask you this what does a human do with 40 billion dollars a year?
One way the rich used to avoid taxes in the 70s was to open businesses as a way to “lose money”. That actually created jobs.
Yep.
Or invest in risky businesses, that then developed amazing products, like Texas Instruments.
The whole point social democracy is you dont need to rely on the philanthropy of your rich to ensure people have food, housing, and healthcare
If we’re extorting them or asking for donations by doing this, then what do you call all the bail out plans over the past 20 years? We threw money at these people because they said they needed it to fix things, and what did they do with it? They used it for private jets, vacations, and sent the rest to their offshore accounts. Those were donations, That was extortion.
Or how about Bush telling us we need to spend billions on military because of “weapons of mass destruction”. He used our fear against us to allow himself to invade the middle east to feed the wealthy oil companies. What do you call that?
Even Bill Gates and Warren Buffet say that the rich have too much money and need to have higher taxes.
@frieswithmayo Pharmaceutical companies who withhold life saving cancer treatments from children who cannot afford outrageous prices and insulin from diabetic patients who are dying because they have to ration out their medication is a textbook example. That is real extortion. Those are the type of people you are defending. These people don’t deserve to be billionaires. They deserve to be in prison.
These billionaires dug their own grave, when they decided to take in poor South Americans because they were too greedy to pay Americans for their manual labor… Now, with every passing day, the number of middle and working class Americans increase — steadily shifting the political climate to the left…. And it’s about time, your beautiful country has been a playground for sociopaths for too long.
@Tessmage Tessera I am not crying but fascinated by the opinions of people while watching the country change. I feel that the democrat party is going to be evolving to view a classless system more and more. If that is true, the next 20 years will be historic. Also, I do not identify with a party to view politics as open minded as possible
@Mighty Mouse Guess what..? I am not a Democrat. Any criticisms you have of their party are lost on me.
@Mighty Mouse There is a huge space between capitalism and marxism. There is no need to assume that the choice must be one or the other.
@Alex Ocasio-Gomez Black and whites used to do most of the farm labor . Illegals will work for low wages which are better than from where they came from. you sound like racist . African Americans are citizens ,illegals are not .
Will these people please admit that every other developed country has better health care (child care etc.) without going broke.
But other countries don’t have people coming in and getting on the dole as bad as the US
They have worse care and have have gone broke. You don’t know that these countries are constantly having to abandon universal healthcare to keep from going broke!
Ignorance is not a virtue.
@Catherine3385 You know nothing of other countries obviously
@smefour why do you say that? Most countries do not hand out free money and rent for as long as you would like..
@Catherine3385 When talking about Western Countries most do support immigrants far more than you know, the US is not exclusive in this trait
Think about what is being said here.
It makes it look like the rich only donate to avoid taxes.
Which is true.
They’re debating stopping donating to hospitals and charities to cut costs.
It’s to scare you.
Bernie is going to win!
Doodelay Sure, maybe he could sell one of his 5 homes and donate to charity… He’s evil because he’s rich.
We really won’t need as much charity as we do now, if the wealthy paid their share.
The government is not a charity…quit trying to make it one
“I had plan to be rich, with these type of taxes and such, i might as well put my hand out and wait” jaiob Hae
Elizabeth “just a player in the game” Warren
Who’s Bernie Sanders? He must have dropped out. They said nothing of his influence on this subject. It must have been Warren who has been in the vanguard of this topic. After all, if it was Bernie who has brought this issue to the forefront of this cycle obvious they would have had to at least credit him. But, of course not. Sick of this!
I love it when the rich politicians tell us lowly commoners how bad rich people are.
What legislation has Elizabeth introduced? Has any of her legislation been passed? What’s been her most successful accomplishment in Congress?
shes the one trying to funnel billions through socialist policies.
Why should we have to rely on when a billionaire might feel like giving away some money and wherever they want to contribute?