by Mitch Kokai
Senior Political Analyst, John Locke Foundation
Sen. Elizabeth Warren wants her fellow Democrats to take on what she calls the “billionaire class.” Does Warren know that many, if not most, of this tiny group of people are liberal Democrats?
On a recent podcast hosted by Mehdi Hasan of The Intercept, Hasan asked Warren if she thought Democrats lacked the “guts” to go after billionaires.
Warren response was “Yeah.” She’s particularly upset at the handful of her fellow Democrats who voted for a bill that watered down the Dodd-Frank banking regulation behemoth.
Warren went on to say: “Until we have all the Democrats who are willing to take on the billionaire class, until we have all the Democrats who are willing to fight for the American people and not for a handful of billionaires and giant corporations, then it’s going to stay an uphill fight.”
This makes little sense.
For one thing, there are only 585 of them in the U.S. today, according to Forbes. And plenty of them are big-time Democrats.
Does she intend, for example, to take on Warren Buffett, who, with a net worth of $84 billion, is the third richest man in the world? He’s a longtime Democrat who’s pushed for tax hikes on the rich, backed Hillary Clinton, and who gave 99% of his money to Democrats and liberal groups in the past four election cycles.
Maybe she means Michael Bloomberg, 11th richest man in the world (net worth $50 billion). He’s a huge gun control supporter.
What about George Soros, who’s worth $8 billion? He’s an uber liberal who finances a multitude of left-wing groups like Center for American Progress and Moveon.org. He recently invested $3 million in The New York Times.