Sen. Warren Proposes the Ultra-Millionaire Tax Act

Sen. Warren Proposes the Ultra-Millionaire Tax Act

Assessment

Interactive Video

Business, Social Studies

University

Hard

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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.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

$3 trillion

$1 trillion

$2 trillion

$4 trillion

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the suggested action regarding Governor Cuomo?

Immediate resignation

A full independent investigation

A public apology

A reduction in powers