By Associated Press | PUBLISHED: January 24, 2019 at 5:59 pm | UPDATED: January 24, 2019 at 6:02 pm By ELANA SCHOR WASHINGTON (AP) — Sen. Elizabeth Warren is proposing a so-called ultra-millionaire tax as she vies for the 2020 Democratic presidential nomination. According to two economists advising her presidential campaign on the plan, the tax would hit an estimated 75,000 of the wealthiest American households. The new tax plan released Thursday by the Massachusetts Democrat would impose a new 2 percent fee annually on American households’ net worth greater than $50 million. The overall new tax bill on wealthy households would rise to 3 percent for households on their net worth above $1 billion under Warren’s plan. Economists Emmanuel Saez and Gabriel Zucman of the University of California, Berkeley, project that the tax proposal would generate about $2.75 trillion over 10 years. Warren opened an exploratory committee for the 2020 presidential race last month. … [Read more...] about Elizabeth Warren proposes ‘ultra-millionaire tax’ as part of 2020 bid
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Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Margery Eagan January 10, 2019 ‘Far left.” “Too liberal.” “Out of the mainstream.” Google US Senator Elizabeth Warren. You’ll see descriptions like these. “Socialist.” “Radical.” “Extreme.” Google US Representative Alexandria Ocasio-Cortez, the whirling, twirling, dancing phenom out of the Bronx. You’ll see words like those.But are even Ocasio-Cortez’s positions all that “fringe” in 2019? Advertisement I don’t think so. Get Today in Opinion in your inbox: Globe Opinion's must-reads, delivered to you every Sunday-Friday. Thank you for signing up! Sign up for more newsletters here On “60 Minutes” Sunday, Ocasio-Cortez talked about a 70 percent tax rate for Americans earning more than $10 million a year. She said this would fund a Green New … [Read more...] about ‘Extremists’ like Elizabeth Warren and Alexandria Ocasio-Cortez are actually closer to what most Americans want
By Joe Dwinell | [email protected] | Boston Herald January 4, 2019 at 12:27 am Potential 2020 presidential candidate Elizabeth Warren wants billionaires bounced out of the Democratic primary — and that includes super PACs. “This is a moment for all of the Democratic nominees, as they come into the race, to say, in a Democratic primary, we are going to link arms, and we are going to say grassroots funding. No to the billionaires,” she told MSNBC host Rachel Maddow Wednesday night. By criticizing the mega-rich, she knocked the likes of Michael Bloomberg and Tom Steyer, as Maddow pointed out. Both men are would-be rivals that fall into the billionaire category. Warren said the primary should be a grassroots movement and not “one more plaything billionaires can buy.” She said the race should be about “what you can build.” Bloomberg, the former mayor of New York City, is a billionaire media mogul who is listed 11th on the Forbes magazine … [Read more...] about Elizabeth Warren: Billionaires not welcome in 2020 Democratic presidential race
THE most famous rock climber in the world released a documentary about climbing a 3,000-foot vertical rock face with no ropes in September. But who is Alex Honnold, the fearless star of Free Solo? Here's what you need to know about him. Who is Alex Honnold? He is a 33-year-old rock climber who recently rose to fame after climbing the world's most famous rock face, El Capitan, without any ropes, a style of climbing known as free-soloing. Alex free-solo climbed the 3,000-foot vertical wall, the first person in the world to do so. Born in Sacramento, California, Alex began climbing at the age of five and dedicated the rest of his life to the activity. For most of his adult life he has lived in a van or tent, claiming it's the most efficient way to live as a climber. How did Alex Honnold rise to fame? His climbing career began to take off in 2012, when he solo climbed The Regular Northwest Face of Half Dome, a 2,000-foot wall in California. The climb was featured in the film Alone on the … [Read more...] about Who is Alex Honnold, what’s the rock climber’s film Free Solo about and what’s his net worth?
The Harvard Law professor had just turned in what she thought was a mostly finished manuscript of her first mass-market book. But her editor had one major criticism. Elizabeth Warren, Jo Ann Miller worried, had spent more than 160 pages of text and a further 50-plus pages of endnotes delineating a litany of data-backed reasons that bankruptcies and debt were going up and the middle class was going down. She had described what was happening, and had diagnosed why, and had presented possible solutions for legislators, regulators and wonks. Nowhere, though, had Warren offered the actual people who were bearing the brunt of these crushing economic forces anything approaching practical advice. This, her editor thought, was a missing piece. “There was no how-to in the book,” Miller told me recently. “I encouraged her to add a chapter of what to do about it.”Story Continued Below This suggestion led to Chapter 7 of The Two-Income Trap, which was published in 2003, and … [Read more...] about The Making of Elizabeth Warren