SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
Democratic presidential candidate Sen. Elizabeth Warren (D-Mass.) holds up two fingers to represent her two cent wealth tax while speaking at a campaign event at Clark Atlanta University on November 21, 2019 in Atlanta, Georgia. (Photo: Elijah Nouvelage/Getty Images)
New Poll Finds Majority of Americans Across Political Spectrum Back Warren's Ultra-Millionaire Tax
At rallies, the White House hopeful has criticized billionaires for their complaints about her plan to impose a two percent tax on wealth over $50 million.
Nov 28, 2019
New polling results released Friday find broad support for Sen. Elizabeth Warren's proposed wealth tax, with Americans across most demographic groups backing her plan to impose an annual two percent tax on wealth over $50 million.
In her primary campaign for the 2020 Democratic presidential nomination, the Massachusetts Democrat has harshly criticized some of the wealthiest Americans for complaining about the tax, whose revenue she plans to use to pay for a universal childcare program, student debt forgiveness, and tuition-free public college.
Sixty-three percent of Americans support the wealth tax, including 77 percent of Democrats, more than half of Independent voters, and 57 percent of Republicans.
College-educated Republican men--who are more likely than people in other demographics to be affected by Warren's wealth tax--were the only group in the New York Times/SurveyMonkey poll who reported disapproval of the plan, with 41 percent opposing it.
As the Times reported, such wide support for any tax hike plan is rare; just 45 percent of Americans backed President Donald Trump's tax plan in 2017, whose benefits mainly went to corporations and the wealthy.
On social media, political observers called the diverse coalition of supporters for the plan "remarkable."
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."
An Urgent Message From Our Co-Founder
Dear Common Dreams reader, It’s been nearly 30 years since I co-founded Common Dreams with my late wife, Lina Newhouser. We had the radical notion that journalism should serve the public good, not corporate profits. It was clear to us from the outset what it would take to build such a project. No paid advertisements. No corporate sponsors. No millionaire publisher telling us what to think or do. Many people said we wouldn't last a year, but we proved those doubters wrong. Together with a tremendous team of journalists and dedicated staff, we built an independent media outlet free from the constraints of profits and corporate control. Our mission has always been simple: To inform. To inspire. To ignite change for the common good. Building Common Dreams was not easy. Our survival was never guaranteed. When you take on the most powerful forces—Wall Street greed, fossil fuel industry destruction, Big Tech lobbyists, and uber-rich oligarchs who have spent billions upon billions rigging the economy and democracy in their favor—the only bulwark you have is supporters who believe in your work. But here’s the urgent message from me today. It's never been this bad out there. And it's never been this hard to keep us going. At the very moment Common Dreams is most needed, the threats we face are intensifying. We need your support now more than ever. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. When everyone does the little they can afford, we are strong. But if that support retreats or dries up, so do we. Will you donate now to make sure Common Dreams not only survives but thrives? —Craig Brown, Co-founder |
Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
New polling results released Friday find broad support for Sen. Elizabeth Warren's proposed wealth tax, with Americans across most demographic groups backing her plan to impose an annual two percent tax on wealth over $50 million.
In her primary campaign for the 2020 Democratic presidential nomination, the Massachusetts Democrat has harshly criticized some of the wealthiest Americans for complaining about the tax, whose revenue she plans to use to pay for a universal childcare program, student debt forgiveness, and tuition-free public college.
Sixty-three percent of Americans support the wealth tax, including 77 percent of Democrats, more than half of Independent voters, and 57 percent of Republicans.
College-educated Republican men--who are more likely than people in other demographics to be affected by Warren's wealth tax--were the only group in the New York Times/SurveyMonkey poll who reported disapproval of the plan, with 41 percent opposing it.
As the Times reported, such wide support for any tax hike plan is rare; just 45 percent of Americans backed President Donald Trump's tax plan in 2017, whose benefits mainly went to corporations and the wealthy.
On social media, political observers called the diverse coalition of supporters for the plan "remarkable."
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."
From Your Site Articles
New polling results released Friday find broad support for Sen. Elizabeth Warren's proposed wealth tax, with Americans across most demographic groups backing her plan to impose an annual two percent tax on wealth over $50 million.
In her primary campaign for the 2020 Democratic presidential nomination, the Massachusetts Democrat has harshly criticized some of the wealthiest Americans for complaining about the tax, whose revenue she plans to use to pay for a universal childcare program, student debt forgiveness, and tuition-free public college.
Sixty-three percent of Americans support the wealth tax, including 77 percent of Democrats, more than half of Independent voters, and 57 percent of Republicans.
College-educated Republican men--who are more likely than people in other demographics to be affected by Warren's wealth tax--were the only group in the New York Times/SurveyMonkey poll who reported disapproval of the plan, with 41 percent opposing it.
As the Times reported, such wide support for any tax hike plan is rare; just 45 percent of Americans backed President Donald Trump's tax plan in 2017, whose benefits mainly went to corporations and the wealthy.
On social media, political observers called the diverse coalition of supporters for the plan "remarkable."
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."
From Your Site Articles
We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.