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During an interview on “The View” on Thursday, Democratic 2020 presidential candidate Elizabeth Warren embodied a lefty Santa Claus as she discussed all the “universally free” things her new tax plan supposedly guarantees.
As the audience went wild off-camera, enthused Warren explained that her new plan could make college debt poof away with her proposed wealth tax.
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“Two-cent wealth tax on the top one-tenth of 1 percent, your 50-millionth and first dollar, and with that we can cancel student loan debt for about 95 percent of the people who have it,” Warren said. Her fans cheering, Warren added, “Oh, but we can do so much more…”
You can almost see the festive sleigh hovering behind Warren as she rattles off all the goodies her wealth tax can magically provide:
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1) Universal tuition-free technical school, two-year college, and four-year college;
2) Taxpayer-sponsored child care for every child aged 0-5;
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All this how? Warren held up two fingers. “Two cents,” she said.
“The View” co-host Joy Behar asked how Warren would counteract Republicans’ assault against her by using the “‘S’ word” (socialism). Warren replied by saying that her wealth tax aligns with American values.
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“They can’t pitch in 2 cents on the 50-millionth and first dollar?” Warren said. “If they could just pitch in the 2 cents, then everyone in this country has a chance to build something.”
Warren is not wrong by saying that equal opportunity is an American value. Warren’s “two cent” fix even sounds like common sense, and may have appeal to parents and students who don’t know how math or taxes work.
Warren - Proposal - CNN - Article - Economists
However, if Warren’s proposal sounds too good to be true, that’s because it is. According to a CNN article, economists who helped...
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