Warren Says Wealth Tax Would Help Raise $3 Trillion in 10 Years

The video discusses Senator Warren's proposal for a wealth tax on fortunes over $50 million, aiming to raise $3 trillion over 10 years. The revenue could fund universal childcare, infrastructure, and more. The video addresses criticism of demonizing wealth, highlighting the disparity in tax contributions between the wealthy and the general population. It emphasizes the growing wealth inequality, especially during the pandemic, and suggests that public support for the wealth tax is increasing, with bipartisan backing. The video concludes with optimism about the tax's future prospects.

What is the threshold for the wealth tax to start applying?

• $10 million

• $1 billion

• $50 million

• $100 million

How much did the top 0.1% pay in taxes compared to the 99%?

• Twice as much as the 99%

• The same as the 99%

• Less than half of what the 99% paid

• More than the 99%

What significant change occurred to the wealth of billionaires during the pandemic?

• It remained the same

• It decreased by $1.3 trillion

• It decreased by $660 billion

• It increased by $1.3 trillion

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

• Increasing military spending

• Universal childcare and education

• Reducing national debt

• Building new sports stadiums

What percentage of Republicans reportedly support the wealth tax according to a poll?

• 25%

• 40%

• 53%

• 70%