Sen. Warren Says She's 'Tired of Freeloading Billionaires'

The transcript features a debate between Senators Elizabeth Warren and Cory Booker on wealth taxation. Warren advocates for a 2-cent wealth tax on the ultra-rich to fund public services like education and childcare. Booker agrees on the need for increased revenue but suggests alternative tax reforms and emphasizes the importance of creating wealth opportunities. Both senators discuss the impact of taxation on economic inequality and the need for fair taxation policies.

What is the main purpose of the 2 cent wealth tax proposed by Senator Warren?

• To punish the wealthy

• To redistribute wealth equally

• To eliminate all taxes for the middle class

• To acknowledge the public's role in the success of the wealthy

What is Senator Booker's stance on the wealth tax proposed by Elizabeth Warren?

• He fully supports it

• He wants to eliminate all taxes

• He thinks it should be higher

• He believes it is cumbersome and prefers other taxation methods

According to Senator Warren, what can the 2 cent wealth tax fund?

• Tax cuts for the wealthy

• Universal healthcare

• Universal childcare and pre-K education

• Military expansion

What does Senator Booker emphasize as important for economic growth?

• Increasing taxes on all citizens

• Focusing solely on urban development

• Creating opportunities for wealth growth in disadvantaged communities

• Reducing government spending

What percentage of venture capital dollars go to three metropolitan areas, according to Senator Booker?

• 90%

• 75%

• 60%

• 50%

What is one of the criticisms Senator Booker has about the wealth tax?

• It is too simple to implement

• It has been tried and is difficult to evaluate

• It does not generate enough revenue

• It only affects the middle class

What is the tax rate that the 99% in America are on track to pay, according to Senator Warren?

• 7.2%

• 10%

• 5.5%

• 3.2%