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

About The Author

Mark was a co-founder of the Tea Party Patriots, and served as the national coordinator. He left the organization to work more broadly on expanding the self-governance movement beyond the partisan divide. Mark appears regularly on television in outlets as diverse as MSNBC, ABC, NBC, Fox News, CNN, Bloomberg, Fox Business and the BBC. He’s highly sought after for the tea party perspective from print and electronic media outlets, from the Wall Street Journal, New York Times, L.A. Times, Washington Examiner, Politico and the The Hill. Mark blogs at MarkMeckler.com, and his opinion editorials regularly run in many of the leading political newspapers both on and offline. Mark has a BA in English from San Diego State University and graduated with honors from University of the Pacific, McGeorge School of Law in 1988. He practiced real estate and business law for almost a decade. For the last eleven years of his legal career he specialized in Internet advertising law. When not fighting for the future of our nation, Mark is an avid horseman, and lives in rural northern California with his wife Patty and two children.

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