Elizabeth Warren ‘calculator for the billionaires’ swipes at Gates, Cooperman

Elizabeth Warren ‘calculator for the billionaires’ swipes at Gates, Cooperman

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(***)(****)Sen. Elizabeth Warren rolled out a “(*****)calculator for the billionaires(******)” on Thursday in a not-so-subtle swipe at her superrich critics Bill Gates and Leon Cooperman, both of whom recently attacked her wealth tax.(*******)(****)”Some billionaires seem confused about how much they would pay under my #TwoCentWealthTax,” the Warren campaign said, referring to her signature tax. “Don’t worry, now we have a calculator for that too.”(*******)(****)The tax forms a key part of her populist campaign, and Warren (********)has welcomed public clashes with billionaires(******) to highlight her progressive zeal.(*******)(****)(*********)Visit Business Insider’s homepage for more stories(******).(*******)(**********)(***********)Sen. Elizabeth Warren rolled out a “(*****)calculator for the billionaires(******)” on Thursday in a not-so-subtle swipe at her superrich critics Bill Gates and Leon Cooperman, both of whom recently attacked her wealth tax.(************)(***********)”Some billionaires seem confused about how much they would pay under my #TwoCentWealthTax,” the Warren campaign said, referring to her signature tax. “Don’t worry, now we have a calculator for that too.”(************)(*************)—Elizabeth Warren (@ewarren) (**************)November 7, (***************************)(******)(***************)(***********)Users are invited to identify their net worths, as well as whether they are billionaires. Special links are included for Gates and Cooperman that autofill their estimated fortunes — $(****************************) billion and $3.2 billion, respectively.(************)(***********)The calculator comes a day after Gates criticized Warren’s (****************)wealth tax(******), which would impose a 2% tax on households with net worths above $(******************************) million and levy a 6% rate on fortunes over $1 billion annually. The tax forms a key part of her populist campaign, and Warren (********)has welcomed public clashes with billionaires(******) to highlight her progressive zeal.(************)(***********)At the New York Times Dealbook Conference (*****************)on Wednesday(******), Gates said he already paid $(*********************************) billion in taxes and he would be “fine” with paying $(*******************************) billion.(************)(***********)”But, you know, when you say I should pay $(*****************************) billion, OK, then I’m starting to do a little math about what I have left over,” Gates said. “Sorry, I’m just kidding. So you really want the incentive system to be there, and you can go a long ways without threatening that.”(************)(***********)Gates then said he hadn’t spoken with Warren and questioned her willingness to meet with a wealthy person. He could pay over $6 billion in wealth taxes under Warren’s proposal.(************)(***********)”You know, I’m not sure how open-minded she is, or that she’d even be willing to sit down with somebody, you know, who has large amounts of money,” Gates said.(************)(***********)Warren responded later in the evening (******************)with a tweet(******) saying: “I’m always happy to meet with people, even if we have different views. @Bill Gates, if we get the chance, I’d love to explain exactly how much you’d pay under my wealth tax. (I promise it’s not $(*****************************) billion.)”(************)(***********)Cooperman is another critic of the Massachusetts senator, and he has slammed her wealthy proposals as needlessly vicious to American billionaires.(************)(***********)”I don’t need Elizabeth Warren telling me that I’m a deadbeat and that billionaires are deadbeats,” Cooperman (*******************)told CNBC on Monday(******). “The vilification of billionaires makes no sense to me.”(*******************)(******)(************)(***********)The hedge-fund manager later said: “This is idiocy. It’s appealing to the lowest common denominator and basically trying to turn people’s heads around by promising a lot of free stuff.”(************)
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