If they were actually generous, they wouldn't be billionaires.
Don't you love to see a story about someone giving back?
Not every wealthy person is a miser. Some of the richest people on Earth recognize how lucky they are and choose to share the wealth.
Just look at Amazon's Jeffy B.—or Jeff Bezos, as his friend's call him—who recently donated $100 million to food banks to help America get through the coronavirus. Wowie! So much money, and he's just giving it away!
It's a lot more than you and I and several large families put together will ever give to charity, because it's more than we are likely to earn in our entire lifetimes! It's more money than you could fit in the trunk of your car in stacks of $100 bills!
If you had that much money in a basic savings account, you and me and those several families could easily live off the interest alone! Actually, it's kind of more money than any one person could ever need or even spend on anything normal.
Sure, if you want to travel the world on a yacht, eating meals off the shaved heads of a series of world leaders, you could spend it all pretty easily. But if you just want to have a happy, comfortable life, $100 million isn't much better than an $80,000 salary.
So why don't people like Bill Gates, Jeffy B., Warren Buffett, Michael Bloomberg, Elon Musk, Charles Koch, or any of the Walmart Waltons just give away their riches and go down in history as the person who ended world hunger? At an estimated cost of $30 billion a year, each of them could feed the world's hungry for between one and five years. Or they could end homelessness in America for between two and eight years.
They could even keep a few hundred million so they could continue hunting supermodels for sport. And imagine how much those millions of people could improve their lives if they weren't constantly struggling to feed themselves or find a place to sleep.
It must not be that simple... Because if private greed was the only thing holding back transformational change, governments could have snatched up all that wealth with some steep taxes and made the world a better place. There has to be some reasonable explanation for why these people don't just give it all away…
In this series we will look at a number of prominent myths around philanthropy, including the notions that billionaires' "wealth" is substantially different than money, that their private foundations do a lot of good, and that they are patrons of the arts.
Previously we debunked the idea that charity is better than "government handouts," but today we'll look at the question of whether it's even possible for a billionaire to be generous.
The billionaires must know something we don't about these issues, because they're clearly smart, and would solve them if it was that easy. Just look at how much they give away! They aren't being stingy!
Why It's Wrong:
They absolutely are being stingy.
Let's look back at that $100 million donation from Jeff Bezos. At an estimated net worth of $165 billion—even after his mega-billion-dollar divorce—that "generous" sum constitutes about 0.06% of his wealth. To put that in perspective, if you had a $15,000 car, another $1,500 sitting in a bank account, and you had zero debt (lucky you), this would be the equivalent of giving $10 to charity.
Why didn't CNN cover your swear jar donation?
It's nice and all, but it's hardly worthy of a flock of journalists rushing to tell the world about your incredible selflessness. And actually, it's much worse than that—because if you lost 99% of what you had, you'd be flat broke. If Jeff Bezos did the same, he'd still have more money than the 10 richest a**holes you've ever met.
Likewise, Bill Gates, Warren Buffett, and other "good" billionaires who have pledged to give away half of their wealth somehow still seem to get richer every year. They give away a tidy sum here and there to earn some fawning PR, all while their investments in companies that underpay their workers and destroy the environment earn them way more money than they hand out.
Everyone knows that large sums of money in a stable economic environment can easily be grown—as Uncle Phil put it on Fresh Prince, "my money makes money." But when your inordinate stacks make you further stacks on stacks on stacks, giving money away in dribs and drabs like this is entirely meaningless.
It may help some people, but it doesn't cost you anything you will even notice. It's like having a hole in your pocket that occasionally drops a few dimes on the street. Whoever is on the receiving end might appreciate those dimes, but you will literally never notice they're gone.
To see through the myth of billionaire generosity, you just need to look at how they reacted when they were worried that their vast fortunes might actually become appreciably less vast.
Last fall, when Elizabeth Warren looked like a contender for the Democratic nomination for president, she boosted her proposed tax on wealth over a billion dollars from 3% to 6%, and that was a bridge too far for Bill Gates who said, "I'm all for super-progressive tax systems," he said:
"I've paid over $10 bilion in taxes. I've paid more than anyone in taxes. If I had to pay $20 billion, it's fine. But when you say I should pay $100 billion, then I'm starting to do a little math about what I have left over … you really want the incentive system to be there and you can go a long ways without threatening that."
Elizabeth Warren tweets an open invitation to Bill Gates to discuss her wealth tax www.youtube.com
To clarify Warren's plan, wealth between $50 million and $1 billion would only be taxed at a 2% rate—barely touching that first billion dollars. At the time, Bill Gates was worth $106 billion. He's gotten richer since then (because that's what billionaires do...even in 2020) and is now estimated to have just shy of $110 billion. If he'd been taxed at Warren's proposed rate, he'd now be down to about $103 billion (poor guy).
Considering the stock market grows an average of around 7% each year, he could pay that 6% tax and still rake in about $1 billion each year with some basic investments. That's enough money to buy about 4400 average American homes...each year...without spending any of your original investment...
If all these numbers are starting to hurt your head, that's because you don't have the brain disease that billionaires suffer from. It's how they got to where they are. All they think about is their money—how they can use it, and how they can make more of it.
Even the ones who support slight increases in their taxes just want to quell the masses and obscure the fact that they are all ripping us off. It's the same motivation that leads them to give away some money here and there—it makes them look like good guys, and it soothes their neglected, battered consciences.
The less cautious among them aren't even interested in going that far. Michael Bloomberg spent over $1 billion not on charity but on trying to buy the Democratic nomination because if Sanders or Warren had gotten elected it would have cost him several billion dollars each year. What's the cost of his public humiliation on a national stage compared to that.
The Ultra-Wealthy Rule Over Us
These people aren't satisfied simply with having more money than anyone could reasonably spend in a hundred lifetimes. They always want more, because more money is more power; power to sway politics to their singular will, manipulate the media, and to be the absolute arbiter of which causes are "worthy," and which will continue to be underfunded and ignored.
That "incentive system" that Gates mentioned has nothing to do with quality of life at the billionaire level. Working hard to earn more money doesn't change how these people eat, where they live, how their children are educated, how often they go to the doctor…
If we taxed wealth over $1 billion at 100%—just took it all away—food banks could just have that $100 million on hand without waiting for a billionaire to be in a good mood, and Jeff Bezos' actual quality of life would be unchanged. He'd still have his last billion dollars to spend on daily baths in endangered animal parts. Yet he clings to his insane level of wealth because it allows him to be an oligarch, and to be worshipped for his generosity (without ever losing a cent).
"Generosity" for billionaires has nothing to do with how much they want to help. It's based entirely on how much they want to be praised.
I’m moving $1B of my Square equity (~28% of my wealth) to #startsmall LLC to fund global COVID-19 relief. After we… https://t.co/TtdU7W4SWk— jack (@jack)1586289859.0
There are possible exceptions of course. Twitter CEO Jack Dorsey recently "donated" $1 billion to COVID-19 relief—which is almost 28% of his net worth. So if he does that a couple more times he won't even be a billionaire anymore… except that he "donated" that money to Start Small Fund—his private, "donor-advised" LLC that doesn't have to disclose its financials.
Surely though, this sort of private "charitable" foundations must do a lot of good for the world, right? We'll take a look at that myth in our third installment.
With the Democratic nomination essentially a toss-up between Bernie Sanders and Joe Biden, America's fear of electing competent, prepared women is prevalent.
This week, Senator Elizabeth Warren suspended her campaign in the 2020 presidential election.
The announcement arrived after a disappointing Super Tuesday for the progressive candidate, who failed to win her home state of Massachusetts. "I refuse to let disappointment blind me— or you—to what we've accomplished," Warren wrote. "We didn't reach our goal, but what we have done together—what you have done—has made a lasting difference. It's not the scale of the difference we wanted to make, but it matters—and the changes will have ripples for years to come."
Warren built a successful grassroots movement and, for much of the race, was a Democratic front-runner. She supports key issues like the Green New Deal and Medicare for All, and she mapped out proposals for affordable housing and free college for lower-income students. Her liberal policies earned her numerous comparisons to Bernie Sanders, but as Warren fell behind and her more moderate opponents, like Amy Klobuchar, Michael Bloomberg, and Pete Buttigieg, exited the race—each endorsing former Vice President Joe Biden—it became clearer that her participation might be splitting the progressive vote. Her choice to bow out for the sake of the country's future is honorable, but her departure makes the Democratic nomination a toss-up between Sanders and Biden as congresswoman Tulsi Gabbard trails behind significantly. That shouldn't be the case.
#ThankYouElizabeth ...for running an exceptional campaign. For knocking #Bloomberg out of the race. And for push… https://t.co/tHe1kfRbF8— Peter Daou (@Peter Daou)1583425541.0
Yes, Biden has decades of experience; he first became a senator in 1972, while Warren wouldn't be elected until thirty years later. Despite serving two terms as vice president, however, Biden failed to match Warren's sharp wit in debates—his muddled answers and seemingly inattentive performances spurred headlines like "Is Joe Biden OK?" Additionally, there's an ongoing list of allegations about his creepy behavior towards girls and women, for which he's never formally apologized.
When it comes to policy, Biden can be moderate to a dangerous degree. His stance on abortion has wavered throughout the years (to be fair, Warren was a Republican until the '90s), and he supported a constitutional amendment in the '80s that would have let states overturn Roe v. Wade. In the '90s, he voted against legalization of gay marriage, and later in the early '00s, he voted in favor of the Iraq War. Today, he opposes Medicare for All, would let states individually allow to legalize recreational marijuana, doesn't believe in abolishing ICE, and wouldn't bring U.S. troops home from overseas; Warren's stance on each of those issues is the opposite, which makes the trending #WarrenToBiden hashtag so disappointing.
Elizabeth Warren ethered Mike Bloomberg and John Delaney, two plutocrats with terrible policies who thought they co… https://t.co/jxOSe75jeN— Adam Best (@Adam Best)1583429691.0
Though Warren has generally kept her gender out of her campaign (aside from telling little girls that she's running for president because "that's what girls do"), much of Biden's sudden lead ahead of her can be accredited to sexism. Despite experience, Warren has proven time again and again that she's incredibly fit to be president; how has Biden become our most "electable" option?
Yes, Democrats need to unite to ultimately defeat Donald Trump. But we also can't risk electing a candidate who repeatedly appears mentally unwell, poses dangers to women, and doesn't have an aggressive plan to tackle the climate crisis. Thankfully, we have a viable candidate left with Sanders, but Biden shouldn't be the other choice. The U.S. deserves better than Biden, but it'll be hard to get there until we've overcome our fear of electing a woman.
It's time we stop acting like the leading Democratic candidate is the only old guy who's ever had a heart attack.
Whoever your pick might be in the 2020 Presidential Election, there's an overarching issue that's been largely prominent: the age of the Democratic front-runner, Bernie Sanders.
At 78, Sanders would be the oldest elected president in the country's history (a title currently held by Trump). The topic of his health became more hotly debated after he suffered a heart attack last October, resulting in him having two stents inserted. Though he bounced back to give one of his best debates yet that very same month, critics have been quick to cite Sanders' declining health as a hindrance to his electability. The backlash is getting even louder as Sanders claims he won't divulge his comprehensive health records. "We have released a detailed medical report, and I'm comfortable on what we have done," he said this week during a CNN town hall.
Sanders' campaign has released letters from three doctors who all asserted the senator is in good health. "I do not see a reason why he would not be able to function effectively in a high stress job," said Dr. Mary Ann McLaughlin, director of cardiovascular health and wellness at Mount Sinai Heart in New York. Why are Sanders' opposers so adamant that his health will fail him in office?
Yes, the senator is the oldest candidate in the race, but not by much: Michael Bloomberg and Joe Biden are 78 and 77 respectively, while Sanders' fellow progressive Elizabeth Warren is 70—the same age as Trump when he was elected. The health of Bloomberg, Biden, and Warren hasn't been scrutinized nearly as much as Sanders'. Sure, he might be the only one of the bunch who's suffered a heart attack, but that alone shouldn't be a disqualifier; notable politicians including President Dwight D. Eisenhower, President Lyndon Johnson, and Vice President Dick Cheney all proceeded with lengthy, successful careers in office despite suffering heart attacks early on.
A heart attack should not render an otherwise healthy candidate unfit for presidency, and Sanders' campaign has offered enough proof of his well-being. Our country's entire history has been predominantly dictated by old white men—why make an exception for someone who can actually instigate radical change?
Short answer: Everything.
In a small office inside an old theatre in New Hampshire, Bernie Sanders' supporters gathered to share their highlights and challenges after a day of knocking on doors.
"I'm feeling grateful," said one, before relaying a story about a surprisingly friendly interaction with a Trump supporter.
Others said they were feeling energized and inspired, despite a low response rate after hundreds of knocks and hours out in the February drear. "Just talking to one person who thanked me for being out in the field made it all worth it," said another.
The moment one person said they were feeling cold, organizers leapt into action, tossing hand-warmers to the shivering canvasser.
The New Hampshire primary was in one week. Some organizers had been in the small office for months, others had been working steadily since 2016, and still others were canvassing for the first time, but the energy in the room was palpable and warm and beautifully chaotic and fundamentally communal, much like a lot of Bernie Sanders' campaign. That has something to do with its success.
As Sanders has steadily risen in the polls, major media outlets have been forced to examine his campaign and the massive base of supporters—many young, social media-savvy, and passionately fired-up about their 79-year-old patron saint—that have propelled them to this place. Some portray his supporters as a battalion of belligerent young white males; others insist that Bernie's base is the most diverse of all; still others view them as lazy, entitled kids.
Doubters have been forced to interrogate that last opinion, because it's clear that Sanders' campaigners are anything but lazy. Sanders' campaign has garnered the highest number of individual donors of any candidate, amassing $1.3 million after discovering that a super PAC planned to air a negative ad about him. He raised nearly $100 million in 2019, topping Pete Buttigieg by some $25 million without the help of major corporations. His supporters are fervently keyed in, texting, tweeting, and—as it became clear in that New Hampshire room—getting out into the streets, taking the time to talk to people.
So what's behind Sanders' sweeping, grassroots appeal? And who are his supporters, really?
The easiest answer to this question is that there is no single answer. Bernie Sanders' supporters are working-class Americans, disaffected progressives, starry-eyed optimists, frustrated pessimists, devil's advocates, and God-fearing moralists. They are not a monolith. In that way, they might just represent the actuality of the American people—in all their contradictions, devotion, and passion—better than any other base.
"Not Me, Us" and the Fight Against American Hyper-Individualism
Miss Toni took a while to open the door. She was wearing a blue onesie covered in hearts, and her room was filled to the brim with records and posters from the 1980s. When she finally was able to open the door, a flock of birds fluttered away from her porch and took to the sky.
She told us she was already a Bernie supporter and began shakily filling out the sign-up sheet we gave her. She was registered to vote by her deadname (the male name she was given at birth), but she asked us to refer to her as Miss Tami. She had been an activist in the 1960s, she said. Bernie felt like the closest thing to bringing back the spirit of those days.
We also met a gun-owning Republican from Hawaii who, after hearing about Bernie's support for ending student debt and his dedication to ending the spirit of xenophobia in America, pledged to lend his support for Sanders on Tuesday.
Among the Trump supporters we met, their number one reason for supporting him was always the economy. "Me and my daughters are doing well."
"It would be nice if everyone could do as well as you and your family," we said. He shrugged. By the end of the conversation, he was genuinely smiling when he said, "I'm still voting for Trump. But I hope you guys keep going."
If Sanders does win the Democratic nomination, the economy will be paramount to the ensuing debates. While the currently strong American economy mostly exists thanks to Obama-era policies, and while many economists project that we are headed for a recession, it is true that Trump protects the Wall Street interests that continue to ensure cutthroat capitalism's success in America and around the world. These very successes are what have led America's income inequality levels to approach Depression-era extremities.
Sanders represents a synthesis of radicalism, anticapitalism, and a realistic understanding of the threats that America and the world are facing. To many, he also—contrary to the entire Bernie Bro narrative—represents human compassion. His campaign slogan, "Not Me, Us," is a refreshing antidote to the egotistical and self-absorbed nature of politics and neoliberalism in America. It's a reminder that—like the best stories, or the best policies—Sanders is just a vessel for something much greater, a catalyst for a dream.
Good luck to the planet to victims of American imperialism to people with giant student debt to those who want a li… https://t.co/EvaAD4D56p— 𝐓𝐚𝐧𝐢𝐚 𝐒𝐢𝐧𝐠𝐡 (@𝐓𝐚𝐧𝐢𝐚 𝐒𝐢𝐧𝐠𝐡)1580738520.0
Sanders' Internet Army and the Limits of Tolerance
It's unfortunate that Bernie's campaign has been plagued by cruelty and disunity—and that these aspects of his base have been so heavily emphasized by the media. It's also true that some of Bernie Sanders' supporters can be cruel, and many need to learn to listen. If Bernie's supporters are serious about his campaign, they need to understand that shutting down discourse and rejecting all contention isn't the way to go about winning support.
But it's also true that in this America, people are dying thanks to medical bills they cannot pay, and students graduate into a world where they pay exorbitant amounts of money each month for years at a time in order to combat their student debt.
In light of this, the rage that many of Sanders' supporters feel at so-called centrists is born out of a deep-rooted desire to see real change instead of more of the same. It's a realization that trusting in the system and tolerating hatred is essentially the same thing as allowing them to continue.
It's also true that we're embroiled in a climate crisis, and kids are being born into a world of increasingly rampant natural disasters and apocalyptic scenarios playing out in real time, all while watching their politicians and parents do nothing. Bernie's Green New Deal is the most ambitious plan to address climate change of any candidate's; it also promises to renew the American economy, refurbishing our crumbling infrastructure by providing millions of new jobs in green, clean manufacturing. The strength of his plan has caused Sanders to gain the support of major environmental organizations across the country.
In a world where families can easily be crushed by a medical bill or a college admissions fee, Sanders' policies read like gospel for the disaffected. The Green New Deal, Medicare for All, free college, immigration reform, and an end to endless wars are plans that promise actual change, packaged in a promise that can be paid for with the money that the United States spends on wars and allows to burn holes in Jeff Bezos's pockets.
The gospel-like, lyrical, and consistent nature of Sanders' policies are at the center of his movement. Like "Make America Great Again," Sanders' policies appeal to the idea that politics is theatre, that the best politicians present a show and offer a vision, a possibility, a roadmap for a movement that will get people out of their homes and into the field.
Lighting the Fire
There's a video of Bernie Sanders in Vermont, teaching his campaign manager, Faiz Shakir, how to use a wood-burning furnace. Sanders is wrapped in a coat, bent over a cast-iron stove. "You want the flames from the small guys—are you recording me?" he says, stopping and then clarifying, "You want the small wood to be able to catch onto the big logs."
A Vermonter tries to teach a Floridian (me) how to properly light a wood-burning furnace. Let the record show he… https://t.co/Y5nLkZlWyS— Faiz (@Faiz)1575426269.0
With his thick Brooklyn accent and his dedication to the task at hand, Sanders has intensely grandfatherly energy—but his statement also seems like it could suffice as his campaign slogan. He's a small flame, and when he began as a Vermont senator in 2016, he seemed to face impossible odds.
But every fire starts with a single spark. As the infamous poster that's a fixture in many dorm rooms reads, "Thousands of candles can be lit from a single candle, and the life of the candle will not be shortened. Happiness never decreases from being shared." It's a quote from the Buddha, but it could also apply to the ripple effect that Sanders' campaign has launched.
Change is catching and intoxicating. The spirit of hope and unity and fire that lights Sanders' campaign is a balm against apathy and hopelessness, against racism and xenophobia and economic inequality. It's about what human society can achieve—what we should achieve—what we are morally obligated to achieve.
Still, many of Sanders' supporters are realistic. We are well-aware that even if Sanders is elected, it will still only be the beginning of a long, hard fight against deep-rooted economic inequality, corporate greed, and dangerous capitalism-driven climate disaster in America and around the world. We know that visions and dreams mean nothing if the work isn't put into achieving them—the long, endless nights and the decades spent carving out policies.
But it's impossible to even begin the work if the dream isn't there in the first place, and if the people who believe in the dreams aren't allowed in the rooms where the work is done.
Regardless of what happens in Iowa and on the campaign trail, even the most fervent Bernie Sanders supporters believe that cruel attacks are not the answer. Even Alexandria Ocasio-Cortez—one of Sanders' biggest supporters—has stated that Democrats need to support whoever is elected in order to beat Donald Trump. If anything, we will need more unity and love and compassion for each other in the coming months than ever before.
We shouldn't have to compromise our values and allow people to die while others languish in the shade of the wealth and power they did nothing to earn, save being born in the right place.
Voting in Iowa closes at 7:00 PM CST in Iowa today, February 3rd. Find your caucus site here.
The opportunity to change your party affiliation in New York State closes February 14th.
Find out how to vote for Bernie in the primary in your state here.
We’re here at the Ottumwa satellite precinct, which is the first Iowa precinct to caucus today. They’ll kick off at… https://t.co/MFBXp2zHfn— Brianne Pfannenstiel (@Brianne Pfannenstiel)1580752095.0
They need to put their differences aside if either of them hopes to win
In a recent interview with New York Magazine Alexandria Ocasio-Cortez commented that "in any other country, Joe Biden and I would not be in the same party, but in America we are."
With consistent cries for party unity since before presidential candidates even began announcing their campaigns, it would be tempting to attack Ocasio-Cortez as splitting the party, but she is absolutely right. There is only a unified party to split on paper. America's winner-take-all style of voting forces disparate political interests to share a title and to pool donors—unless they have the ability, like AOC, to source their own funding.
The GOP has used this to their advantage, emphasizing social wedge issues like abortion and immigration to pull working-class white voters away from their economic interests on the left—convincing them to cheer on tax cuts for the ultra-wealthy. For the Democrats, however, the powerful faction of the party that represents professional-class interests—the private-public partnership, means-testing, social-program-cutting wing—has represented a barrier to participation for truly progressive candidates and voters.
That's why it has been heartening, prior to this week, to see Bernie Sanders and Elizabeth Warren avoiding the temptation to attack one another. While many of Bernie's supporters online have adopted toxic attitudes toward anyone other than their preferred candidate, and many Warren supporters have questioned Bernie's feminist bona fides (particularly in light of that toxicity from many "Bernie Bros"), the candidates and their campaigns seemed largely cordial and supportive of one another. It's important, as the marginalized left-wing of the party, to focus on commonalities and mutual aid if there is going to be any hope of overcoming the powerful centrist forces that have ruled the party and served moneyed interests with only moderately less zeal than the Republican party.
Justin Sullivan/Getty Images
That shared effort began to fall apart on Saturday night when Politico ran a story under the headline "Bernie Campaign Slams Warren as Candidate of the Elite." The story included excerpts from a document purported to be circulated within the Sanders campaign, with scripts instructing volunteers how to attack rivals in the Democratic primaries. While criticisms of Joe Biden and Pete Buttigieg are hardly surprising, the attacks on Warren—noting that her supporters are predominantly educated, affluent voters who "who are going to show up and vote Democratic no matter what"—came as a surprise in the context of the candidates' established alliance.
Skepticism in these cases is usually warranted, but the article contained little to suggest that the content was anything less than official and approved by Bernie Sanders himself. By the time Sanders came forward to repudiate the document and deny its official status, the damage was done. The rift was already beginning to widen.
@michelleinbklyn This campaign would NEVER attack supporters. The script, which was not directed by the campaign, p… https://t.co/smcZ6ssrU7— Briahna Joy Gray (@Briahna Joy Gray)1578977594.0
Warren responded that she was "disappointed to hear that Bernie is sending his volunteers out to trash me," and she sent out a fundraising email that asked both for donations and for supporters to share personal stories and perspectives to contradict the framing of her base as elitist. If that had been all, then it might have been easy to move on and return to a mutually supportive stance within a few days. But the real damage was done when people close to Warren, perhaps in an effort to retaliate, spoke to CNN about a private conversation the two had in 2018.
Back then, the thought of actual voters making actual choices seemed distant and abstract, and the candidates sat down to discuss strategies against Trump and to establish the general truce that has held until now. Everyone involved seems to agree on those points, but differing reports emerge when it comes to the topic of gender. As CNN reported, Warren laid out her strengths as a candidate: "She could make a robust argument about the economy and earn broad support from female voters." Bernie was not on the same page.
The Bernie cult has been attacking @ewarren for way too long. They’ve minimized her achievements, called her a copy… https://t.co/9zLobcSgBv— Joshua Manuel Bonet 🏳️🌈 (@Joshua Manuel Bonet 🏳️🌈)1578984471.0
According to anonymous members of Warren's team, Bernie didn't think a woman could win. Bernie shot back with his own version of events, saying, "It is ludicrous to believe that at the same meeting where Elizabeth Warren told me she was going to run for president, I would tell her that a woman couldn't win... What I did say that night was that Donald Trump is a sexist, a racist and a liar who would weaponize whatever he could. Do I believe a woman can win in 2020? Of course! After all, Hillary Clinton beat Donald Trump by 3 million votes in 2016." When Warren herself was finally convinced to weigh in directly, she urged people to move on, claiming that she was more interested in what she and Sanders agree on… But she also confirmed the more inflammatory version of events: "Among the topics that came up was what would happen if Democrats nominated a female candidate. I thought a woman could win; he disagreed."
While there is certainly a conversation to be had about to what extent America remains too sexist to support a female candidate, it seems like a stretch to accept the idea that, in 2018, Bernie would hold such a categorical view against the possibility of a woman being elected president. What makes it particularly questionable is the existence of footage from a C-SPAN appearance three decades earlier, in which Bernie says, "In my view, a woman could be elected president of the United States. The real issue is whose side are you on? Are you on the side of workers and poor people, or are you on the side of big money and the corporations?"
The suggestion that Bernie's views have become more regressive since 1988 seems far-fetched. The inclusive, forward-thinking persona he has consistently presented to the public for 40+ years doesn't line up with this supposed private view. Then again, the idea that Warren would simply lie about Sanders' comments seems equally unlikely. Who you believe seems to depend largely on who you prefer, and the two camps seem to be moving further from each other as the Iowa Caucuses close in. On one side, Bernie Sanders is a sexist; on the other, Elizabeth Warren is a liar.
Without a recording or a transcript of the conversation, it doesn't seem quite justified to land in either of those camps. Without third-party witnesses, the basic facts of who did and who said what can quickly dissolve. The message that was intended and the message that was received crystallize in each person's mind to the point that they become irreconcilable. Perhaps Bernie did think that a progressive man was better poised than a progressive woman to counter Donald Trump's brand of populism in the 2020 election. Maybe his way of saying so was so clumsy that Warren took it as a broad statement about the viability (or lack of viability) of female candidates, and she recounted it as such to people close to her. Short of calling either of them a liar or worse, that is the best I can muster—a version of events that I prefer to believe in order to maintain my respect for both of these candidates.
Supporters from both sides will no doubt find this middle-ground unsatisfactory. The rift feels real right now, and it's starting to seem like each side is trying to undermine the chances of the other. But while only one candidate can win the nomination in the end, their support draws too much from the same pool of voters to allow this rift to remain. Already Bernie supporters who also donated to Warren are turning against her with the hashtag #RefundWarren. But the sad truth is that neither can win in the general election without support from the other's ardent fans. And who really stands to benefit from continued fighting? The center and the far-right. It can only help Joe Biden and Donald Trump. And Donald Trump seems to know it...
Bernie Sander’s volunteers are trashing Elizabeth “Pocahontus” Warren. Everybody knows her campaign is dead and wan… https://t.co/XaRdJ6P3W8— Donald J. Trump (@Donald J. Trump)1578929126.0
If Sanders and Warren can't each count on the other's supporters to get behind them as the primaries shake out, then Biden will likely hold onto his narrow lead. And if one of them does manage to get the nomination with this acrimony still hanging in the air between them, no amount of campaigning for one another is going to muster the sort of passion that we can count on to overwhelm Donald Trump in the general. 2016 should have taught us that much.
This feud needs to end now. Warren and Sanders need each other, and our country needs them. They are the only candidates taking America's economic divide seriously, and the only candidates willing to tackle climate change with the resolve and transformative action it requires. If Donald Trump gets reelected, he will continue to make both of these problems far worse, destroying hope for economic justice and a sustainable future. If Joe Biden is our next president, then we will go back to enacting middling, inadequate reforms—one step forward for every two steps back.
Hillary supporters as 2016 election results came inGetty Images
Warren and Sanders, united, represent our only real hope. Of course, they each believe that they are best suited to the job. They wouldn't be running otherwise. But if either of them is going to win, they need to come together, reaffirm progressive unity with one voice—acknowledging the differing accounts of events and decrying sexist limitations. Either of them can win this election, but neither can do it alone.
Because the American people deserve to know
With less than a month left until the Iowa caucuses officially kick off primary season, it seems like we've spent the last decade slowly whittling away at an endless list of candidates.
Many voters have already seen their favorite contenders drop out of the race. Others have yet to figure out which person on a crowded debate stage best represents their interests. Obviously there are a number of axes on which you can compare the candidates, and countless articles that can help you navigate their differing economic policies, their stances on health care, or their various approaches to foreign policy. If those are the factors by which you judge a candidate, you should have no problem finding what you need to make up your mind. People like me are not so lucky.
I have always been a single issue voter—consistently casting my ballot for the best dancer. In 2008 and 2012, I had an easy time of it. Barack Obama's blend of smooth and corny dance moves struck a perfect balance for my sensibilities, easily winning out over Mitt Romney's "Gangnam Style" convulsions, or John McCain's high-intensity robot. 2016 presented a more difficult choice. I nearly didn't vote at all, but ultimately decided that Hillary Clinton's stiff Whip and Nae Nae represented the lesser of two evils when considered against Donald Trump's apocalyptic rendition of "Hotline Bling."
Sadly, some 60 million voters didn't see what I did, and made the wrong call. I won't let that happen again. The American people deserve to see every candidate dance before they go to the polls. Until the DNC finally listens to wisdom and converts one of their debates to a dance off, I've compiled this list so that you can make an informed decision.
Warren dancing at her rally tonight 💃🏼 https://t.co/c2QBzPGsH1— Behind 2020 (@Behind 2020)1578458031.0
We'll get the top-tier candidates out of the way first. Senator Elizabeth Warren has nothing to hide. She has been the most upfront, transparent candidate when it comes to her big, structural dancing. And while it may not be everyone's first choice in style, you can not fault her fun-aunt-at-a-wedding energy. The latest example of her eclectic blend of fist pumping and hula dancing comes from last night's Brooklyn rally with—recent dropout and competent dancer in his own right—Julian Castro. She probably just needs a couple more glasses of zinfendel from the open bar before she really loosens up.
Bernie Sanders is surprisingly spry. You might not expect a man in his 70s with heart problems to cut a rug, but Bernie is not your average senior citizen. He has the energy of a man half his age, and the timeless consistency of his dancing allows him to keep up with his young supporters.
Former vice president Joe Biden dances exactly as you'd expect—slow, old fashioned, and "sweet" in a way that's uncomfortably intimate.
"Not left. Not right. Forward!" - @AndrewYang #YangGang #Yang2020 https://t.co/7UcY9OG9to— Will🔥🛍️YangGang Pink🧢🔥 (@Will🔥🛍️YangGang Pink🧢🔥)1565920883.0
Silicon Valley entrepreneur Andrew Yang has more than enough spring in his step to keep up with any roomful of middle-aged women on the dance floor. His universal basic dance moves aim to remind us that we all share one dance floor.
Congressional representative for Hawaii Tulsi Gabbard doesn't exactly dance—she dance-fights. Just as with her approach to debates or to the war on terror, her Capoeira moves may be a bit more aggressive than some voters want.
#BREAKING: Amy Klobuchar performs ancient, centrist war-dance to stoke fear in the hearts of her more radical oppo… https://t.co/EFEoA3JXOE— MSDNC (@MSDNC)1569102792.0
Minnesota Senator Amy Klobuchar is known for her no-nonsense pragmatism. She strives not to make any promises she can't keep, so she will appear to be the adult in the room...but her dancing tells a different story. Klobuchar dances with the energy of a happy toddler who could enter full-blown tantrum mode at any moment.
You may be surprised to find that spiritual guru Marianne Williamson is still in the race, but once you see her dance moves, you'll be surprised she isn't the front runner. She is as one with the music as she is with the vibrations of the universe.
Together, Sanders and Warren promised radical hope—and wound up derailing the Democratic debate.
"Marooned on a desert island."
"Bonnie and Clyde."
"It's Bernie Sanders and Elizabeth Warren against the world."
These kinds of whimsical headlines, loaded with Americana folklore and reality TV surrealism, swirled across the Internet after the first installment of the second Democratic debates. They stemmed from the unlikely but oddly seamless union of Elizabeth Warren and Bernie Sanders, the second and third highest-polling and by far the most radically progressive candidates in the race to win the Democratic primary.
Standing in the dead center of the row of candidates, in between the youthful pillars of Buttegieg and Beto and far away from Marianne Williamson's mystic emanations and John Delaney's bitter combativeness, they seemed to cling to each other. By proxy, they seemed to cling to a similar collection of dreams, dreams that have been pulling a great deal of progressives towards the far reaches of socialism, or at least to the dissolution of income inequality.
Image via WLRN
Watching Sanders vehemently defend the policies that he brought into the public eye—Medicare For All, free college, a refusal to accept superPAC donations—and watching Warren defend him (when she could get more than a few words in), the idea of a Sanders/Warren dream team entered the realm of plausibility.
Though either could lead, Sanders seems like the clear choice for the presidential candidate, with Warren as a strong VP. After all, the Warren/Sanders ethos thrives because it is buoyed by the idealism that Bernie popularized in 2016.
The fact that Sanders is a democratic socialist, while Warren is a self-proclaimed capitalist, is the primary reason why Bernie would be the most feasible leader of the duo. Sanders' campaign caught fire in 2016 because he spoke to a generation caught in the stranglehold of mind-blowing income inequality, a generation that faces the destabilizing knowledge that the world faces certain catastrophe if climate change is not addressed—and that capitalism has continuously favored the fossil fuel companies that prevent necessary environmental changes. Like most youth-led movements, Sanders supporters seek radical, totalizing change of the sort that's only be possible when the old systems are completely deconstructed.
On the whole, Sanders is more anti-establishment and seems more likely to reel in the followers of Trump's "drain the swamp" who could care less about actual policy, and she's more likely to inspire mass mobilization and excitement among those seeking radical change. As The Atlantic succinctly put it, "Sanders is fighting for a political revolution. Warren isn't."
Warren, for her part, maintains a link to solid ground with her vast collection of plans and policies—plans that, in theory, could be the perfect antidote to any accusation that Sanders' policies are implausible.
Still, last night, it seemed like Warren and Sanders were out in dreamland, reeling through a political Coney Island. This isn't necessarily a death knell, though. Together on a single ticket, their shared pull could be enough.
Torn apart, though, their campaigns might result in another 2016. Arguably, Bernie's campaign was a death knell for Hillary Clinton, as it provided the initial framework for Trump's demonization of her. In the same way, progressives are now putting up firewalls against the candidates they see as too middle-of-the-road, like Joe Biden.
In her opening statement, the ever-practical Warren reminded the audience that any candidate would be preferable to Donald Trump. While this is true, many progressives feel that the 2020 election presents an unmissable opportunity to completely change the direction of politics. In a nation that was prepared to elect someone as disruptive as Donald Trump, it seems feasible that we could handle a little more chaos, especially if it comes in tandem with the promise of a better world.
At the debate, with rampant arm-flailing and drawn-out storytelling, Warren and Sanders promised that better world. They stood for the dissolution of private health insurance companies and student debt in spite of endless criticisms from the other candidates. Against the totalizing extremity of their views, the other candidates who supported for-profit colleges and private insurance in any capacity seemed lost in the past—or lodged in reality, depending again on how willing you are to take the leap into their alternate state of mind.
But in last night's debate, the binary they created between themselves and the others didn't always work in their favor. Somehow, by the end of the night, both the Warren/Sanders island and the rest of the Democrats seemed to come out as losers.
This raises the question: Is extremism really the solution? For young progressives, it absolutely is. For this group, fighting against a rigged system that buoys the rich and throws the poor to the wolves, extreme action is the only thing that will work. Peace and love failed in the 1970s, and moderation is code for the status quo. For progressives, it's time to wake up from the dream presented at the start of the American capitalist experiment.
For other non-radical or socialism-phobic Democrats, the Sanders/Warren ticket is the stuff of nightmares, and the progressives are the ones lost in the dream. For those who merely want Trump gone and apparent order reinstated in the Oval Office, it seems that the division between the progressives and the middle-of-the-road Democrats is an unfortunate diversion.
Perhaps middle-of-the-road Democratic candidates could accrue more favor with would progressives if they could convince them (and the nation on the whole) that they actually stand for something (other than defeating Trump). In the technologically saturated mess of a modern era, one thing is certain: Policy is secondary to a candidate's ability to shape a vision of a better future.
For a long time, Sanders has been the best architect of that better future that the Democrats have. Though he and Warren presented an appealing team, seeing them cut down to size at the debate last night did nothing for the party and its motivation. Perhaps, had the debate been framed more as a discussion of specific policies rather than a black-and-white argument that pitted stagnancy against change, it wouldn't have been defined by such a strong feeling of premature defeat.
Over the course of two hours, ten candidates employed Trump's name for applause and support a total of 35 times.
The first round of Democratic debates are underway. Ten out of the twenty candidates who qualified for the debates were chosen at random to participate in the first half of NBC's debate last night. The goal for the Democratic Party is obviously to take the Oval Office and hopefully the Senate, but for most of the candidates, last night seemed more like a bid for positions in Elizabeth Warren's cabinet. Straight from the get-go, Warren stood strong like she had nothing to prove and answered every question directed at her with poise and eloquence. Consequently, she may have won the evening. Although, a couple of lesser-known candidates also made their marks, most notably Julian Castro and Jay Inslee.
We Get it, You Speak Spanish
Beto O'Rourke, former representative for Texas, spoke in Spanish during his first response of the evening. Evidently, neither Cory Booker or Elizabeth Warren could maintain their poker faces during the surprising moment. Booker and Warren appeared humored and stunned by the skinny white guy's pandering.
Oh, y'all thought I was just making a meme?!?!?! Here it is in its glorious video form: https://t.co/rdjSi7kbbY— Jason Howerton (@Jason Howerton)1561606757.0
To compete, Booker whipped out his Spanish, as well. Notably, the only Latinx candidate on stage, Julian Castro, did not speak in his family's native tongue until his closing comment, where he used his bilingual skills to celebrate the opportunity to represent his people.
Ok, when John Delaney, the Maryland Congressman, began speaking before the camera panned to him, did it sound to anyone else like Jimmy Kimmel was on stage? Unfortunately, Delaney is not as charismatic as the Jimmy Kimmel Live! host. He rubbed many the wrong way with his countless attempts to get a word in.
While it's crucial for the lesser-known candidates to elbow their way into the debate, Delaney came off as pathetic. At the end of the discussion about the separation of families at the border, Delaney tried to butt in a personal anecdote, disclosing, "My grandfather was actually separated from his family when he came to this country." Lester Holt rightfully moved on from the comment and switched to another pressing issue.
2020 Democratic Candidates Debate - Separated Grandfather www.youtube.com
Finally, when asked whether or not any of the candidates would choose to prosecute Trump after the Mueller Report, Delaney was indifferent. Out of all the references to Trump last night, this was the most important, because Trump could become the first president to be indicted after his term. Delaney claimed that everyday citizens don't care about Donald Trump breaking the law because it doesn't affect them. Although Delaney supports justice being served to criminals, he hypocritically proposed that Trump's indictment isn't a big enough concern to take up his time if he were president.
Yes, Women Care Too
While Washington Governor Jay Inslee had an overall good showing, his one big fumble occurred when he claimed to be the only one on stage to pass a reproductive rights act. Minnesota's Senator Klobuchar spoke for everyone when she interrupted Inslee, saying, "I just want to say there are three women up here that have fought pretty hard for a woman's right to choose, I'll start with that." The crowd gave Klobuchar resounding and deserved applause.
Recognition for the Trans Community
Early in the debate, San Antonio's finest, Julian Castro, highlighted an overlooked population that's affected by abortion restrictions: trans people. It was a standout moment for the former mayor.
Later on, Cory Booker piggybacked off Castro's sentiment. When Hawaii Representative, Tulsi Gabbard, was asked about her former dismissal of the LGBTQ community, she highlighted the work she's done for gay men and women since. Booker retorted that it's not enough:
"Look, civil rights is someplace to begin, but in the African-American civil right community, another place to focus was to stop the lynching of African-Americans. We do not talk enough about trans-Americans, especially African-American trans-Americans and the incredibly high rates of murder now."
Just like climate change is a national emergency and should be treated as such, so should the murder rates of trans people, especially POC trans people. Booker, as the only African-American candidate on stage, brought attention to historically under-represented issues.
Tulsi Gabbard Dunks on Tim Ryan
Army veteran Tusli Gabbard was the most googled candidate last night for good reason.
While she was one of the candidate who spoke the least, overall, she corrected and challenged Ohio Representative Tim Ryan when he asserted the troops should stay in Afghanistan longer to keep an eye on the Taliban.
Tusli Gabbard rips Tim Ryan over foreign policy www.youtube.com
Gabbard draws from her military experience to inform her non-interventionist position, and she memorably reminded Ryan that families want their children to finally come home, saying, "The Taliban was there long before we came in and will be there long before we leave. We cannot keep U.S. troops deployed to Afghanistan thinking that we are going to somehow squash this Taliban."
Ryan gustily clapped back, saying, "I didn't say squash them. When we weren't in there, they started flying planes into our buildings."
Gabbard corrected Ryan's outlandish error, notifying the Congressman, "The Taliban didn't attack us on 9/11. Al Qaeda did." While that should be common knowledge, Gabbard came out on top and successfully relayed her position on foreign policy, diplomacy, and war.
Castro Annihilates Beto
Besides Ryan and Delaney, Beto took the biggest L of the evening.
Throughout the night, O'Rourke failed to answer questions in an informed or committed fashion. For example, when discussion about immigration policies arose, Castro called out Beto for not supporting decriminalization of border crossing:
"Let's be very clear: The reason that they're separating these little children from their families is that they're using Section 1325 of that act, which criminalizes coming across the border, to incarcerate the parents and then separate them. Some of us on this stage have called to end that section, to terminate it. Some, like Congressman O'Rourke, have not."
Beto attempted to defend himself by explaining that he supports a complete rewrite of the bill, instead of just repealing Section 1325. He then tried to pivot by readdressing his support of asylum seekers. But asylum seekers are only a small portion of the immigrants affected (and now imprisoned) for attempting to cross the border.
Castro did not take the bait, putting an end to the exchange by suggesting, "You should do your homework on this issue."
Among the ten candidates last night, eight referenced Trump in a total of thirty-five times. Over the course of two hours, candidates employed Trump's name for applause and support of their anti-Trump Democratic position.
The two candidates who refrained from name-dropping were Bill de Blasio and Elizabeth Warren. The two remained measured and composed throughout the evening, respectfully sticking to their ideas, raising concerns, and focusing on change.
While Elizabeth Warren did not have any quippy moments, she stood out as the strongest candidate, never wavering from her beliefs, policy ideas, or promises. Her comprehensive vision for America involves restructuring broken systems that don't work for the majority of citizens.
Although Warren shined, it's possible that the absence of other frontrunners, Joe Biden and Bernie Sanders, contributed to this. Only time will tell how the three will stack up agaisnt one another, but tonight we'll see how Biden and Sanders fare among hopefuls like Kamala Harris and Pete Buttigieg.
What would Democratic Socialism mean for the economy?
Democratic Socialism, a subset of the democrat party, has been thrust into the spotlight recently with the shocking victory of Alexandria Ocasio-Cortez over a 10-term incumbent. Ocasio-Cortez often referred to in the media as AOC, is a self identified Democratic Socialist, as was 2016 presidential hopeful Bernie Sanders. Despite this newfound prominence, the political affiliation is still widely misunderstood, often confused with communism or European style socialism. So what exactly is Democratic Socialism? And how would a Democratic Socialist platform affect your life?
According to the biggest socialist organization in the US, the Democratic Socialists of America (DSA), "Democratic socialists believe that both the economy and society should be run democratically—to meet public needs, not to make profits for a few. To achieve a more just society, many structures of our government and economy must be radically transformed through greater economic and social democracy so that ordinary Americans can participate in the many decisions that affect our lives." This polished and condensed definition sounds good, but it's difficult to grasp what it actually means in practice. To help you understand, we've broken down the four pillars of Democratic Socialism to explore how their implementation in the American government could affect your life.
Workers Control Means of Production/The Importance of Unions
Perhaps most central to Democratic Socialism is the belief that American industry should be controlled by the workers who run it and the consumers who gain from it. Generally, they believe in a decentralized economy, though they think some indispensable portions of industry, like energy and steel, should be government controlled. As the DSA puts it, "We believe that social and economic decisions should be made by those whom they most affect."
In practice, this decentralization would likely mean the fruition of things like workers cooperatives and publicly owned ventures. Essentially, this economic model would mean that it would be much more difficult for a few people to get obscenely wealthy while those on the bottom of the economic ladder remain impoverished. Instead, everyone would have fairly equal opportunity to profit off the success of a business, creating a more widespread sense of ownership over the success of the economy, therefore stabilizing it. Unions are an important part of this pillar, as Democratic Socialists believe unions are essential in order to hold companies accountable to their workers and to empower workers to challenge capitalism as a concept.
Capitalism Promotes Greed and Must be Regulated
Democratic Socialists believe that capitalism has the inherent tendency to keep the rich rich and the poor poor and that capitalist corporations will always act in the interest of maximum profit at the expense of all else. Therefore, private corporations must be regulated by the government in order to ensure that they look out for the wellbeing of workers and lower rung employees. With this kind of philosophy implemented, there would likely be a strengthening of labor laws, a higher minimum wage, expanded parental leave, the prevention of foreign outsourcing to low wage countries, and the prevention of environmentally harmful activities.
A Minimum Quality of Life for All Citizens
This is perhaps the simplest pillar of Democratic Socialism though likely would prove to be the most difficult to fulfill. Essentially, Democratic Socialists believe that all human beings have the right to sustenance, housing, clean water, healthcare, education, and child care, and that the government should ensure these things are accessible to all US citizens. This would likely mean significantly more spending on social welfare programs and expansion of government housing, which would inevitably require higher taxes. Of course, with the implementation of the other pillars of Democratic Socialism, more people would have a better chance of reaching this minimum quality of life even without an expansion of welfare programs.
Importantly, healthcare is an essential part of this equation in the eyes of Democratic Socialists. They don't merely believe in "medicare for all" health care system, but also that medical facilities should be publicly run and doctors publicly employed.
Grass Roots Means of Achieving Power
As mentioned before, the welfare of the community is important to Democratic Socialists, meaning that the election of the individual is also seen as having the tendency to play into the patterns of the centralization of power. A traditional Democratic Socialist would likely reject the concept of election altogether, instead opting for grass roots organization and mass mobilization. But as shown by AOC and all the other Democratic Socialist candidates elected this year, most who ascribe to these beliefs recognize that it's necessary to participate in the democracy in order to insight change, but still maintain that true change and empowerment comes from the mass mobilization of the people.
Who would they affect?
There has been a lot of recent buzz about the idea of a "wealth tax" in the United States, particularly since Rep. Alexandria Ocasio-Cortez of New York appeared on "60 Minutes" and laid out a plan that would tax the richest Americans at a rate as high as 70%, nearly doubling the current 37% top rate. Additionally, 2020 Democratic Presidental candidate and Massachusetts senator, Elizabeth Warren, is reportedly working with UC Berkeley economists Emmanuel Saez and Gabriel Zucman to design a proposal to levy a wealth tax on Americans with fortunes over $50 million. While these numbers may seem difficult to grasp, the kinds of wealth taxes democrats are proposing are not only not as extreme as they sound, but already practiced successfully in other parts of the world.
Firstly, it's important to keep in mind that America operates on a progressive tax system, meaning, as Business Insider puts it, "as a person earns more and progresses through tax brackets, their tax rate increases for each level of income." So while many people balked at the idea of a 70% flat tax rate, Ocasio-Cortez clarified "Once you get to the tippy-tops, on your 10 millionth dollar, sometimes you see tax rates as high as 60% or 70%," she said. "That doesn't mean all $10 million are taxed at an extremely high rate. But it means that as you climb up this ladder, you should be contributing more." Essentially, the rich would not suddenly be destitute under this proposed plan; they would merely have to contribute an increasing amount as their fortune grew. So it wouldn't be the entirety of their $10 million fortune that would be taxed at 70%, but their 10 millionth dollar. While under Warren's proposal, the US would adopt a progressive wealth tax that would levy a 2 percent tax on fortunes worth more than $50 million, and a 3 percent tax on fortunes worth more than $1 billion, meaning billionaires would contribute amounts that are negligible in the context of their total fortune.
This would be similar to France's wealth tax policy, which is triggered at €1.3 million, but only the first €800,000 of this amount is tax free, and taxpayers pay between 0.5% and 1.5% on anything over this each year. This tax has worked successfully in France, despite it being applied to significantly lower amounts of wealth than Elizabeth Warren is proposing. Meanwhile, in Denmark, the highest tax bracket sees about 15% taxation, and citizens report great satisfaction in terms of quality of life and government services. In summary, wealth taxes are a simple and effective way to ensure that wealth does not become too heavily monopolized by a few people, while also ensuring that the poorest people are taken care of by the state.
But some don't see it that way, with many on the right reacting strongly to suggestions of an American wealth tax. House Republican whip Steve Scalise called Ocasio-Cortez's idea a "leftist fantasy program," while more moderate voices didn't react quite as strongly, but still suggested that while income tax laws definitely need to be reformed, a wealth tax is not the way to do it.
But to truly understand the argument, one has to compare what a wealth tax would mean to a real life billionaire, vs. what it would mean for the country. For example, with Warren's plan, only an approximate 75,000 families would be minorly affected, but the United States would earn an additional $2.75 trillion over a 10-year period. If you take the $57 billion fortune of Mark Zuckerberg, and apply this tax idea, he would only be taxed $1.7 billion, and then close to $0 in the following years if his fortune didn't continue to accumulate. For him, $1.7 billion is a small number that would in no way affect his quality of life. But if you think of the social services that would benefit from that $1.7 billion, you would undoubtedly see widespread effects improving the lives of the poorest Americans, making it difficult to argue that an American wealth tax would do anything but help the state of the nation.