If the company can show they have 5 years expenses in savings in case of a severe economic downturn then ok

We should build a mecca for the pharmacy industry and medical supply industry in the Midwest. It is the heart of the manufacturing base of this country. Let's rebuild our capacity to be self-sufficient and it should start in the Midwest states!

Instead of punishing the rich, we need to focus on empowering/educating the poor. I know Warren is proposing to have some of that money go towards that end, but this is not a problem that you can just throw money at and solve the problem. We need the political and social will. Let's start by not having public education funded by property taxes.

Congress would just waste it on worthless programs, pork spending, and benefits for Congress, instead on the US Citizens that can't pay their bills, rent, or buy food.

Concrete is a major source of CO2 emissions.

The ability to write off certain things such as lunch, home office, cars , medical expenses ( vaca ) , business meetings ( restaurants ) and other perks is what is frustrating. The above video is a prime example of sliding the conversation from these life enhancing items that most people can't write off to an argument about general income and how it will hurt the public or stock holders. Then for someone such as myself who was REQUIRED to buy certain articles of expensive protective wear for work that could not be worn as everyday wear , I was told the amount had to be over a certain amount of my income. That is the issue right there. It was not over 7% of my income but it was still significant, enough so that when I was employed, I never had the extra money to purchase nice everyday clothing. That's what it does to working America, removing their dignity.

Elizabeth is absolutely right

Political privilege never shuts up

Or maybe they want to buy anonymously because they don't want the price going up when everyone sees they're buying....

80% incometax do it!

Hedge fund lmao must be nice buddy

Ultra millionaire tax, just over what she has. Lol. Crooks never quit.

I love Gordon Johnson.

The problem with Wall Street ...Their famous Motto: #GREEDISGOOD WELL WE SEE AN ERA OF GREED AND THE DESTRUCTION OF MODERN GOVERNMENT... #WAKEUPWALLSTREET YOU SCREWED GENERATIONS OF LIFE AND LIVING BECAUSE YOUR GAME IS UNLIMITED HEINOUS GREED

Make daca our citizens

"I'm pro bitcoin" What changed there Jimmy? Years of your dribble isn't aging so well now is it?

And they’re all gonna leave!

Hate and envy?

None of us on here have over $50 million. So it don't bother me. Gofer it.

She has no clue

Like these billionaires will either hand the cost down to customers or they will move outside of US. Neither will help our country.

Jim Cramer is old, unlikeable, the show is low quality. <3 R/WSB

Elizabeth Warren is clueless

Investors only say that vaccines are a reason. Or just you. Investors haven’t pushed anything because of it institutions have & the set investments

To just put this in simple terms. Pay for what you use. People on the poorest scale still pay taxes. Sales tax, gas tax, sin taxes. In fact by percentage and considering all taxes they pay the highest amount and it's not even close. Why should they pay for a military? Why should they pay for corporate welfare? So much of what they don't use, they help pay for. (The military...oh, why should the poor care.) Meanwhile, on the top? You want I should start listing all the stuff they get? Let's start with the Federal Reserve which SELLS money at such a low rate that Big Banks (The wealthy...when is the last time you met a poor dude with a share of a big bank?) Make HUGE profits lending money to people who use credit. And even if they fail, taxes bail them out!!!! How does that sound? Pay for what you use.

You made a bad point every other line

First problem is that the tax issue is viewed from revenue and not spending.

They want a wealth tax so they can use our money for gender programs in pakistan. We are all getting ripped off

It is a tax on literally nothing, no action. To amass wealth, you need income, and income is already taxed. Even if you have no income, this tax - which is just a money grab to fund more socialistic welfare state spending (which buys votes) - would be a steady siphon away from one's wealth. Remember, these things always start with a sliver of society and then work their way down to regular Americans. You can bet that once the camel has its nose in this tent, this concept will eventually hit our stock portfolios, retirement funds, savings accounts, and even our home values. Furthermore, giving such a huge increase of funds to the government is never a good thing. This would simply empower the Liz Warrens and Bernie Sanders to hasten the slide of this country to socialism by canceling student loans (i.e. increasing irresponsibility for financial actions), paying for all manner of programs on the backs of others, etc. Very, very bad idea.

It should be %10 straight across the board. Plus we need them idiots in Washington to stop sending our money to other country's. They also need to stop sending our money on their special interest. If these thieves in Washington want to give money to other country's they can give theirs same with their special interest tired of them stealing our money and giving it away

This is lazy

Why are these people crying for a 2% - 3% tax, the working poor is paying up to 20% they need to get over it an pay their fair share. The owner class need to get off their high horse and stop thinking they are the ones creating all the wealth. without the employees their companies are worthless.

Its not a 2% tax on income, it's ON WEALTH

The top 1% pay 56% of all income tax. You really think they arent?

buy Malaysia ETF right now I guess

A percentage of them will retire,and sell.yes they can afford to retire.and after the pay tax on what they made this year.they wont be taxed any more.yes a percentage wont sell off.i don't care.go for it

@R L what is it? Is it taxing all money in bank accounts? Made in their lifetime?

Yeah you arent understanding what this wealth tax is.

Grover Norquist a tax expertt...jesus Cnbc smh

Tax their asses

🤓If Biden continues to do nothing to killer cops ,America will have another violent uprising. The fact remains that Joe Biden won't be any different toward black Americans than any other Caucasian politician who preceded him unless he CUTS THE REPARATIONS CHECK America has promised and rightfully owes black Citizens who's education, employment, healthcare, and economy has been purposefully legislated against by DOCUMENTED racist Holding Public Office . 💯 The longer it takes ,the more embarrassing the truth will be .🌟

I’m thinking an easy 250$ or $300 in next 2 years but they are also attempting to bring a lot of products under their control by producing chips & increases in potential growth now

If the Dems keep pumping out programs and money we don't need they'll need more revenues to do it with..

This wealth tax will not benefit anyone but other countries. Our tax dollars hardly go to our benefit anyway they just fund other nations. It will discourage others from getting to that level of success and keep us all slaves to these same billionaire while putting others out of work so these wealthy people can make up for the losses.

Silver 🥈 in the hand..

Ther will be no Effect of the Wealth tax on the US Economic Growth as is always the False Narrative floated by Economists & those that steal the Poorman's Daily Bread.

It was never that good, it takes over an hour for them to make a pizza, and 2 hours for delivery,

Soros is not a socialist for sure

The sarcasm is great but it's really not useful in an actual debate it's great for drama it's great for TV it's great to get emotions up but the chunky guy sarcasm keep it at home try using some facts out there there was a comment made that the richest people paid about 2% and actual tax over their lifetime for the money they have so they don't fear the fair rate The reason they don't pay the fair rate even at today's tax rates is because of all the loopholes keep the rates the tax rates the same just take away all the loopholes then we'll see who pays the correct amount of taxes on what they earn

Riiiight, Betting on America to fall. HE's going to lose... and so is CMBC and your ratings.. Because you have this mentality too.. 🤬 America Last.😡

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To be fair almost every large-cap company value is hyper-inflated due to the FEDS. If interest rates weren’t 0 all these companies especially Tesla would be more realistically valued

Pussieswho still love a loser!😂😂😂

They cry and whine about their millions they probably scam out of the middle class and the poor..but do they invest in helping ...heck no..I hope they get taxed hard and heavy...kudos Elizabeth Warren...

If people like trump pay 700 dollars to nothing on taxes a year we do have a problem

"People like Trump", the 1%, pay 56% of all income taxes.

Bruh he paid tens of millions another year 😅

The second host is really a joke. He’s really upset and he’s being sarcastic about taking it to 50 percent with billionaires. Watch his GameStop stance though called for regulations ASAP.

15% of population is vaccinated with “1 shot”. Fully vaccinated is closer to 8%.

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Tangina nitong mga putang-inang to.

Where do they find these idiots? The company earned $111 billion in 1/4 . show me another company in the world that has put up these kinds of numbers and the stock is only trading at @$ 125!!

That's funny that you compare the wealth tax as you call it now to other countries but nobody is comparing it to the United States of the past where we had it and the military industrial powers removed it little by little until we got where we are today

Tommy, I really dont think any of that is remotely well put

Mmm pandemic me timber’s mr Superman

Silver 🥈 in the hand. Can you say Timber.

We all have the same laws. Quit stealing peoples money.

Did I hear a smattering of trickle down from the rich guylet's go to Kansas and look at the Republican trickle-down theory taxation theory is in Kansas bankrupt now?

Yawn Wanna see how the opposite doesnt work either?

Now 3 Trump vaccines, historic!

Joe has more than $50 Million dollars, maybe.. he is worried. lol

Have you checked net worth on the repukentons...for instance Lying Ted net worth is 4 million...repukentons are all hiding their wealth to the American people...

Start with Skelitor and her $12 million mansion !

Shocker, rethuglican thinks the wealth tax is bad.

Shocker, TJ thinks itd work 🤣

Thank you

Take your stupid mask off and decline vaccines

This is called correlation not causation...

If 2% of your annual income is $4 billion then yes you need to be paying some taxes. After all it is the USA that gave you the opportunity to make that much money.

It would cost the wealthy less than 2% of their income to move to a country that has free trade with the United States, renounce their citizenship, and free themselves from paying any US taxes whatsoever while still benefiting from their business because of free trade.

@R L but they pay the smallest percentage of their income. YOU have no foundation to stand on

The top 1% pay over half of all income tax. You have no foundation to stand on.

David Gamage sounds like he has brain damage.

In the good old days you know make a great America great again let's go back to the '90s and Ronald Reagan when the tax rate on the wealthy was over 90%. Everybody's talking about this is some new thing that the progressives just came up with this was the status quo in the '90s gee I wonder who changed it from 90% down to the 0% it is now I'm not talking the percent they're supposed to pay I'm talking the percent they actually pay so all this jibber jabbering on what the rate is going to be if they still all have the loopholes the rate doesn't really matter because they don't pay the tax That's the first problem how about we just pay a flat rate across the board what's my tax rate probably up around 15 20% and I'm talking taxes across the board everything I buy all my food all my toys my house my car everything figure that tax rate into my meager income and then everybody should pay that flat tax no loopholes let's go with that and see how they like it I'm guessing that tax rate would be about 20%. Let them pay 20% of their billions and billions of dollars and I'll pay 20% of my tens of thousands because I already do that sounds fair I mean we're talking about fair right I listen to my 8-year-olds argue about what's fair all the time

*Checks notes* Yeah I think you got about everything wrong there.

It is WRONG

Why not get Munsters reply to that predictable tirade from Johnson. Somehow, he can spin 40% YOY growth to a negative. Come on CNBC, you can do better...surely!

Grover Noquist is not the guy you bring to debate a law professor. Shouldn't they find another law professor.

Actual casino's exist. If you think you know what's best for people, shutting down actual casino's seems the logical place. Lives and families are ruined there too.

From 3% why don’t we go to 50%. This guy is just a dumb morron.

Amen 🙏 Thank goodness. At $15 an hour wage I would have gone bankrupt in a few months.

Transitioning fixations," "forever exchanging" across a wide reach of exacting dilimas. Each according to it's own reasons. Carry "vicariously," into conjoined states. Applied in unison, their mismanagement. To the ends of seeking "self gratifying" justifications. Though mismatched, spontaneously at eachs-own, prospective areas. With no affirmative way of meeting on a leveling position, with resolving agreement. Or in "forest gump's" immortal words- (Stupid is, Stupid does) That which is broken, cannot fix itself. -unknown quote

WEALTH TAX bring it ON now Boomer Joe is dying ...

Well, let's just see how powerful those 100 or so people are, I guessing this will either sit in filibuster or get thrown out completely.

Successfull people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..