Harold Hutchison
Daily Caller News Foundation
CNBC host Rebecca Quick clashed with Democratic Sen. Elizabeth Warren of Massachusetts Thursday over the senator’s proposed wealth tax.
Warren introduced legislation in 2021 calling for a tax on people whose net worth exceeds $50 million, with the rate potentially rising to 6% for those who have over $1 billion in net worth should a national health insurance program be enacted.
WATCH:
“I understand the idea of wanting to get at the idea that these wealthy people are living off of things and I think Andrew [Ross Sorkin]’s idea is a good one, of saying if you’re using your — your equity as — as something that you’re living off of, as income, you should be taxed on that,” Quick told Warren. “But the idea of just a wealth tax in itself, really upends things.
“We can say that we’re going to only go after $50 million and above, but we all know that income taxes started out that way too, and it’s gotten to be a bigger and bigger part of everybody’s number,” Quick continued. “And the idea of an unrealized gain that I never see being taxed is anathema. That just doesn’t at all seem fair in any way, shape, or form.”
The Supreme Court heard arguments in Moore v. United States, which could shut down any notion of a federal wealth tax, Tuesday.
“The idea that you say, ‘Oh, I’m worried that billionaires won’t be able to be represented in Congress and taxes will get out of hand,’ give me a break,” Warren responded. “It’s the billionaires who just got the tax cut from Donald Trump that turned out to be, what? Nearly $3 trillion. Most of that money went to millionaires and billionaires. It made the tax system even worse.”
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IMPORTANT NOTE TO WND READERS: Shortly after Hamas terrorists fired over 5,000 rockets from Gaza into Israel on Oct. 7 and then proceeded to attack the Jewish state by land, sea and air – torturing, burning, beheading and murdering well over a thousand people, including women, children and infants, and wounding and abducting hundreds more – world reaction was, in its own way, almost equally shocking.
For after the biggest one-day mass slaughter of Jews since the Nazi Holocaust, what followed was an outpouring of celebratory demonstrations, unbridled Jew-hatred, deliriously gleeful support for Hamas and bitter condemnation of the nation of Israel. Not just in the Arab-Muslim world, but throughout the Western world as well, including all across America.
Why? What is behind the explosion of anti-Israel, anti-Jewish, pro-terror sentiment in the United States, where Israel has long been one of America’s closest friends and allies? Why are hordes of young “woke” LGBT demonstrators marching in support of Hamas – when Hamas wouldn’t think twice about binding and blindfolding them and throwing them off the roof of a tall building – as they routinely do in the Muslim world?
It turns out there’s one area of agreement that is so powerful, deep-seated and all-consuming that the vast differences between the deranged left and the murderous jihadists melt away into Kumbaya harmony.
All of this and much more is completely exposed in November’s issue of WND’s critically acclaimed monthly Whistleblower magazine, titled ISRAEL VS. GLOBAL JIHAD: How Jew-hatred, radical Islam and Leftism are pushing us toward World War III. Beyond a deeply insightful dive into why leftists are surging toward radical Islam – which hates and dreams of raping and butchering them – this Whistleblower issue includes fantastic articles by everyone from top Israeli analyst (and former Israel Defense Forces officer) Caroline Glick to Harvest Christian Fellowship’s Pastor Greg Laurie on the current war in Israel and biblical prophecies regarding the End Times … which he says are now upon us.
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