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.
At a rally in Iowa this week, Warren suggested Bloomberg thought it would be “a lot cheaper to spend a few hundred million dollars just buying the presidency” than to pay just two percent of his $54 billion wealth to help narrow the wealth gap in the United States.
Some wealthy Americans have joined a majority of the electorate in supporting Warren’s plan and that of Sen. Bernie Sanders (I-Vt.), who is also running for the 2020 nomination and has proposed a wealth tax on the richest Americans and corporations.
Filmmaker and activist Abigail Disney—great niece of Walt Disney—expressed her support on Twitter this week.
“[If] people own enough to completely reinvigorate all the aspects of the supposed American Dream that have decayed into near uselessness over the last 50 years, then Bernie, Elizabeth, I say go for it,” wrote Disney. “Bring on the wealth tax. I will happily pay.”
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