Mark Cuban Claims Elizabeth Warren is Trying to ‘Divert Attention From Her Income’

Ever notice how all Democratic candidates try to convince us how they fight for the poor against the rich?  

Elizabeth Warren is the latest candidate to attempt to throw successful Americans under the bus.  Forbes described her ridiculous tax plan as excessively penalizing the wealthiest among us. “Add them up and many of the very wealthiest could pay a marginal effective tax rate on their investments that exceeds 100 percent.”  

If it exceeds 100%, that’s probably just a “good start” for Dems.

Starbucks CEO Howard Schultz called Warren’s plan “ridiculous.”  He wrote, it “would create a 2 percent wealth tax on those with a net worth above $50 million and impose an additional 1 percent on net worth above $1 billion.” Schultz asserted, “However, when I see Elizabeth Warren come out with a ridiculous plan of taxing wealthy people a surtax of 2 percent because it makes a good headline or sends out a tweet when she knows for a fact that’s not something that’s ever gonna be passed, this is what’s wrong. You can’t just attack these things in a punitive way by punishing people.”

The New York Times – not exactly a bastion of conservatism — poked holes in it too.  “In some cases and some years, multibillionaires could owe the government more than they made in profits. That’s because these taxpayers would be taxed at a 6 percent rate even if their portfolios held, say, Treasury bonds that paid just 2.5 percent.”

But maybe the most gratifying Warren take-down came from billionaire Mark Cuban on Twitter.  “The reality for @ewarren is that this is as much to divert attention from her income and net worth as anything else. Other than steyer she is the wealthiest of all the Dem Candidates. By far.”  He added, “According to her filings she made 900k last year which means her family earns more than 2x the amount needed to be a 1 percenter. She paid 25.5% of that in taxes which is less than the % I paid in taxes (29.85%)”

He didn’t stop there.

“Forbes says her net worth is north of $12m,” he pointed out.  “That’s being rich. Filthy rich. I’m sure it’s richer than she ever imagined she would be. Good for her. She earned it. It puts her millions above the threshold for being part of the richest 1 percent by net worth in our country.”

And that gets to the heart of the matter.  Warren is a multi-millionaire acting like “those other rich people are the problem.”  I wish our Democratic candidates still believed in the American Dream and quit pretending like success is actually a nightmare.

Hat Tip: The Daily Wire

Image Credit: Brian Solis on Flickr