Wall Street Democrat donors are threatening to vote for President Trump if Elizabeth Warren gets the Democratic nomination.
Who could blame them?
Warren wants to confiscate the wealth that they worked hard to earn.
I never understood why anyone on Wall Street would donate to ANY Democrat candidate given their anger towards the “1%.”
Finally, the wealthy donors are fighting back against Warren’s vilification of the nation’s wealthy citizens.
CNBC reported that “Democratic donors on Wall Street and in big business are preparing to sit out the presidential campaign fundraising cycle—or even back President Donald Trump—if Sen. Elizabeth Warren wins the party’s nomination…
During the campaign, Warren has put out multiple plans intended to curb the influence of Wall Street, including a wealth tax. In July, she released a proposal that would make private equity firms responsible for debts and pension obligations of companies they buy.”
One Billionaire in particular has had enough and is letting Warren know how he feels.
Billionaire Leon Cooperman penned a letter in which he derided Warren for her anti-capitalist rhetoric.
Cooperman wrote: “For you to suggest that capitalism is a dirty word and that these people, as a group, are ingrates who didn’t earn their riches through strenuous effort and (in many cases) paradigm-shifting insights, and now don’t pull their weight societally indicates that you either are grossly uninformed or are knowingly warping the facts for narrow political gain.”
He continued his rebuttal to Warren by telling Politico “What is wrong with billionaires. You can become a billionaire by developing products and services that people will pay for… I believe in a progressive income tax and the rich paying more. But this is the f***ing American dream she is shi**ing on.”
Forbes reported that “Wall street is reportedly terrified of a Warren presidency, predicting that the stock market will drop dramatically if she succeeds in capturing the wave of anti-billionaire and anti-capitalist sentiment propelling her and Bernie Sanders ahead in the polls.
CEOs have attempted to respond, and earlier this year a group called the Business Roundtable moved to change the definition of a corporation altogether, so that shareholder profit isn’t valued above all else.”
It is a sad day in America when the definition of “corporation” has to be changed in order to prevent a potential president from confiscating their wealth.
And let’s be honest. That’s exactly what it is: a confiscation.
Senator Warren wants to punish the wealthy for making a lot of money.
She and the government have no right to put their hands in people’s pockets; the majority of wealthy people actually earned that wealth.
Philosopher and economist Frederic Bastiat once referred to taxation as “legalized plunder.”
Other slogans have popularized that idea that “taxation is theft.”
In a way, both statements are correct.
Even though taxation is necessary to fund a government, it is not right to punish the biggest contributors of revenue simply because they have more money.
Warren and her fellow comrade Bernie Sanders sound like Karl Marx when they talk about the “haves and have nots.”
This rhetoric needs to stop; if they are successful at implementing their policies, America will no longer resemble the nation it once was.