Democratic Primaries
Related: About this forumNew NYT Poll: Majority Of Americans Across Political Spectrum Back WARREN'S Ultra-Millionaire Tax
'New Poll Finds Majority of Americans Across Political Spectrum Back Warren's Ultra-Millionaire Tax.' At rallies, the White House hopeful has criticized billionaires for their complaints about her plan to impose a two percent tax on wealth over $50 million. Common Dreams, Nov. 29, 2019.
New polling results released Friday find broad support for Sen. Elizabeth Warren's proposed wealth tax, with Americans across most demographic groups backing her plan to impose an annual two percent tax on wealth over $50 million.
In her primary campaign for the 2020 Democratic presidential nomination, the Massachusetts Democrat has harshly criticized some of the wealthiest Americans for complaining about the tax, whose revenue she plans to use to pay for a universal childcare program, student debt forgiveness, and tuition-free public college.
Sixty-three percent of Americans support the wealth tax, including 77 percent of Democrats, more than half of Independent voters, and 57 percent of Republicans. *College-educated Republican menwho are more likely than people in other demographics to be affected by Warren's wealth taxwere the only group in the New York Times/SurveyMonkey poll who reported disapproval of the plan, with 41 percent opposing it.
As the Times reported, such wide support for any tax hike plan is rare; just 45 percent of Americans backed President Donald Trump's tax plan in 2017, whose benefits mainly went to corporations and the wealthy. On social media, political observers called the diverse coalition of supporters for the plan "remarkable."
...
Kurt Andersen. That 57% of Republicans approve of a 2% wealth tax on fortunes above $50 million is absolutely remarkable. And tends to confirm my hunch that economic leftism per se (as opposed to concerns about health care details) isnt a huge 2020 Democratic problem...
*NYT, WARREN'S WEALTH TAX HAS WIDE SUPPORT, EXCEPT AMONG ONE GROUP, Nov. 29, 2019
https://www.nytimes.com/2019/11/29/business/economy/economy-politics-survey.html?smid=nytcore-ios-share
Crowds at Warren's rallies have taken to chanting, "Two cents!" as Warren slams billionaires including Microsoft founder Bill Gates and former New York Mayor Michael Bloomberg, who announced his own presidential run last weekend...
More, https://www.commondreams.org/news/2019/11/29/new-poll-finds-majority-americans-across-political-spectrum-back-warrens-ultra
primary today, I would vote for: Undecided
Hermit-The-Prog
(33,033 posts)It's time to get even Republicans excited about our candidate.
primary today, I would vote for: Joe Biden
appalachiablue
(41,052 posts)primary today, I would vote for: Undecided
Hortensis
(58,785 posts)and Clinton wanted Warren for their vice presidential running mate in 2016.
Biden was firm that she was his first choice IF he ran, and and he and Warren met to discuss it. Hillary wanted her and went so far as to take her out for a trial run on campaign, but a two-woman ticket when we'd never elected even our first woman VP was worrisome.
I doubt that's changed for Biden, at least she'd undoubtedly be seriously considered if he were to become our nominee, and Warren and Clinton have also been communicating a lot during this campaign. Both, of course, want the "Hillary vote," especially women of all demos.
primary today, I would vote for: Joe Biden
appalachiablue
(41,052 posts)plans have caused her to loose steam, see erosion in the polls, etc.
Warren is a genuine asset to the Democrats; she should have maybe run some time ago.
One example,
Warren Fades Nationally as Buttigieg Surges, Nov. 26, '19
https://www.democraticunderground.com/1287360299
primary today, I would vote for: Undecided
PatrickforO
(14,516 posts)into campaigns against medicare for all. Health insurance companies and big pharma just don't want it because they are afraid that policies that will materially increase the quality of our national healthcare, as well as ensuring universal coverage might (gasp!!!) shrink their profits.
And, as everyone knows, here in America profits are FAR more important than human life.
primary today, I would vote for: Joe Biden
appalachiablue
(41,052 posts)more to the complaints and remarks I've seen in threads like the example above.
primary today, I would vote for: Undecided
at140
(6,110 posts)It is immoral to profit from those who are sick and need help from fellow brethren.
primary today, I would vote for: Undecided
brewens
(13,395 posts)Executives at corporations that do a lot of business with the federal, state, and local governments are easy ones. People heavily invested in those corporations also are probably way in the black on our tax dollars. They rake in way more than they pay out.
primary today, I would vote for: Undecided
at140
(6,110 posts)1. Big pharma profits
2. Big pharma executive salaries and bonuses
3. Big health insurance profits
4. Big health insurance executive salaries and bonuses
5. Every doctor office employing staff to fight private insurance (my wife spent a lifetime in that line of work)
and Doctor's need to raise fees to pay for that staff
6. Higher premiums for those covered by health insurance to pay for those who have no insurance
7. Millions of worker's salaries who work for big health insurance.
Above is just a partial list of money which can go a long way towards MFA.
primary today, I would vote for: Undecided
grantcart
(53,061 posts)Taxing income and capital gains is very problematic. Taxing inheritance is better but delayed.
Taxing assets of the very rich at a small rate above a high threshold is very doable and very reasonable.
I wish every candidate would endorse it
primary today, I would vote for: Joe Biden
not fooled
(5,791 posts)anyone who owns (or is paying the mortgage on) their home already pays a wealth tax. On what just happens to be the principal asset of middle- and working-class Americans.
primary today, I would vote for: Undecided
JoeOtterbein
(7,697 posts)primary today, I would vote for: Undecided
gibraltar72
(7,486 posts)primary today, I would vote for: Joe Biden
appalachiablue
(41,052 posts)primary today, I would vote for: Undecided
LiberalLovinLug
(14,153 posts)Too many top democrats have had their campaigns linked to large corporations that always will defeat these proposals in the end. Democratic politicians in leadership ALLOW this kind of fairness egalitarian talk during election runs, but then if and when they hold power, are full on "third way" corporate beholden. Even if the majority of Americans support it.
That's why we need someone like Warren or Sanders to finally....finally have the grass roots supporters have a real voice.
primary today, I would vote for: Undecided
not fooled
(5,791 posts)I respect many Democratic leaders, recent and current. But they have failed us in this respect, as the measures of rising inequality demonstrate. Time for the pendulum to swing back the other way.
primary today, I would vote for: Undecided
appalachiablue
(41,052 posts)and it's an enormous effort to move this nation in a better direction.
primary today, I would vote for: Undecided
JudyM
(29,122 posts)Bernie or Elizabeth are our best chance, I agree.
primary today, I would vote for: Undecided
PatrickforO
(14,516 posts)primary today, I would vote for: Joe Biden
Joe941
(2,848 posts)primary today, I would vote for: Undecided
Hortensis
(58,785 posts)to what it was before Reagan's election ended the New Deal era. With corrupt, wealth-serving Republicans in control of congress, his power was very limited, yet he managed that. We intended to move forward with much bigger redistributions of national wealth under Hillary.
But then 2016 happened. So, we start over and do what we have to do. Because we have to. Or else.
Democratic Speaker Nancy Pelosi quoting pre- New Deal Justice Louis Brandeis to the nation at the opening of the 116th congress.
primary today, I would vote for: Joe Biden
SKKY
(11,771 posts)...if she walked back from it, and instead focused on improving the ACA, she might be up by 10 points by now.
primary today, I would vote for: Joe Biden
BeckyDem
(8,361 posts)primary today, I would vote for: Joe Biden
Dark n Stormy Knight
(9,760 posts)are too far left.
primary today, I would vote for: Undecided
BlueMTexpat
(15,349 posts)Elizabeth and will NOT be changing my mind - unless or until she is not selected as the Dem candidate for 2020. And there's a long way to go yet.
I am no "fair weather" or fad supporter. I truly believe that she is the best candidate of the 2020 group and also that if she is the Dem candidate, she can beat Trump.
primary today, I would vote for: Joe Biden
bucolic_frolic
(42,665 posts)by buying their products, so why shouldn't it be taxed? They'd be flipping hamburgers like us without oru spending.
primary today, I would vote for: Joe Biden
colsohlibgal
(5,275 posts)Obama raised it but not near where it had been till Reagan....once again the top rate was 91 or 92% every year Republican Dwight Eisenhower was in Office..
primary today, I would vote for: Joe Biden
evertonfc
(1,713 posts)The problem is the same people won't support her. Ideas don't win Presidential elections...personalities do.
primary today, I would vote for: Joe Biden
corbettkroehler
(1,898 posts)primary today, I would vote for: Undecided
oldsoftie
(12,410 posts)I'm not really against it, just dont fool yourself into thinking that its going to raise anywhere NEAR what the projections are.
But if we start legislating based on polls, we're going down a dark road. Sometimes you have to do things that are not popular. Sometimes you also must not do things that are.
primary today, I would vote for: Joe Biden
Turin_C3PO
(13,649 posts)Sure, it wouldnt solve all our problems, but it would definitely help increase revenue. I wish Biden would get behind it because I dont see any downsides.
primary today, I would vote for: Joe Biden