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‘OK, Billionaire’: Elizabeth Warren campaign shrugs off mega-rich investor who called 2020 candidate ‘disgraceful’

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Sen. Elizabeth Warren was unfazed by billionaire investor Leon Cooperman’s objection to her latest ad promoting her proposed wealth tax in which the 2020 Democratic candidate ridiculed Cooperman’s and other wealthy public figures’ disapproval of the plan.

In a CNBC interview Wednesday, Cooperman called Warren “disgraceful” and accused the Massachusetts Democrat of trying to “demonize wealthy people because there are more poor people than wealthy people.”

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Warren’s campaign team offered a succinct response on Twitter:

Warren struck a similarly sarcastic tone when she posted the ad on Twitter earlier in the day.

“Some billionaires don’t like my Two-Cent Wealth Tax? I’m shocked,” the Massachusetts Democrat wrote.

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Watch the ad:

The video features several corporate CEOs, investors, and powerful political donors who have taken pains in recent weeks to paint Warren’s plan as unjust. Under the senator’s proposal, households with over $50 million in assets would pay an annual 2% tax on every dollar above $50 million—a tax Warren says would pay for universal childcare, universal pre-K, student debt cancellation, and other programs.

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As Goldman Sachs chairman Lloyd Blankfein says in the ad, “She probably thinks more of cataclysmic change to the economic system as opposed to tinkering”—a statement Warren has made clear she would agree with, with her calls for “big structural change” throughout her campaign.

In the video, Warren accompanies comments from Blankfein, investor Leon Cooperman, and other billionaires with on-screen text showing some of their notable financial activities. Cooperman was “charged with insider trading,” while Blankfein “earned $70 million during the financial crash.”

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The senator also explains the reasoning behind the tax in the video.

“Here’s the deal: you hold a great fortune, good for you,” she is seen telling an audience at a rally. “I guarantee you built it at least in part using workers all of us helped pay to educate, getting to your goods to market on roads all of us helped pay to build.”

“We’re Americans—we want to make these investments,” she adds. “All we’re saying is when you make it big, pitch in two cents so everybody else gets a chance, too.”

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Also on Wednesday, Warren introduced a new addition to the merchandise available on her campaign website: A mug labeled “Billionaire Tears.”

 


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2020 Election

Trump discounts his public polls — claims he is not the underdog because of boat parades in Florida

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President Donald Trump had a bizarre press conference on Tuesday that deteriorated into a campaign speech.

After 50 minutes of Trump rambling about Joe Biden from the Rose Garden, Trump finally agreed to answer questions.

"I guess the question is, do you see yourself as the underdog in this race?" Trump was asked. "Do you see yourself losing in the fall?"

"No, I don't," Trump replied.

"I think we have very good poll numbers, they're not suppression polls, they're real polls," Trump claimed, discounting all public polling on the race.

Trump then moved on from discounting statistically relevant surveys to talking about anecdotes.

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2020 Election

Biden unveils ambitious climate plan in new contrast with Trump

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White House hopeful Joe Biden on Tuesday unveiled an ambitious climate change plan that would revamp the US energy sector and seek to achieve carbon pollution-free power in just 15 years.

The clean energy proposal was fleshed out in a speech in Wilmington as the veteran Democrat aimed to draw a contrast with President Donald Trump ahead of November's election by arguing that fighting climate change would be a massive job creator under a Biden administration.

"Transforming the American electrical sector to produce power without producing carbon pollution... will be the greatest spurring of job creation and economic competitiveness in the 21st century," Biden said.

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2020 Election

Trump wallowing in self-pity as COVID-19 pandemic derails his re-election plans: report

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According to a report from Bloomberg, a "struggling" Donald Trump is not making any effort to disguise his disappointment that his plans to serve a second term as president have fallen to pieces due to both coronavirus pandemic and the collapse of the economy -- including massive job losses -- that ensued after the country shut down.

With presumptive Democratic presidential nominee Joe Biden taking leads both nationally and in previously reliable Republican states like Florida, Texas and North Carolina, the Bloomberg report notes that the embattled president can't help but indulge in self-pity in front of the press and public.

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