Sen. Warren Proposes the Ultra-Millionaire Tax Act

The transcript covers discussions on economic recovery post-2008, the challenges of passing a minimum wage increase due to the filibuster, and the proposal of a wealth tax to address economic inequality. It also touches on the need for investigations into GameStop trading practices and Big Tech's growing power, as well as a call for an independent investigation into Governor Cuomo.

What is the main reason given for the need to spend $1.9 trillion on recovery?

• To increase exports

• To reduce taxes

• To ensure a strong and robust recovery

• To prevent inflation

What is the primary obstacle to including the minimum wage increase in the recovery package?

• Lack of public support

• The filibuster

• Insufficient funds

• Opposition from the President

What is the proposed wealth tax rate on fortunes over $50 million?

• 1 cent per dollar

• 10 cents per dollar

• 5 cents per dollar

• 2 cents per dollar

How much revenue is the wealth tax expected to generate over the next 10 years?

• $3 trillion

• $1 trillion

• $2 trillion

• $4 trillion

What is one of the proposed uses for the revenue from the wealth tax?

• Universal childcare

• Tax cuts for the wealthy

• Military expansion

• Space exploration

What is a major concern about big tech companies mentioned in the discussion?

• Their declining profits

• Their increasing power

• Their environmental impact

• Their support for small businesses

What is the suggested action regarding Governor Cuomo?

• Immediate resignation

• A full independent investigation

• A public apology

• A reduction in powers