Home Depot co-founder calls out Sen. Warren for her biased approach to so-called wealth tax
UPDATED 9:27 AM PT – Thursday, July 29, 2021
The billionaire co-founder of Home Depot has called out Democrat Sen. Elizabeth Warren (D-Mass.) over her apparently party pandering. Investor Ken Langone accused her of basing her political priorities around popular opinion.
“I paid the government what I owed them. What I had left I put at risk and I could have lost it all, but I paid my share,” he stated. “I have a bigger issue for the senator that I think, I hope she would address that to me is apple pie and motherhood.”
On Wednesday, Langone squared off with Warren and asked why she was so focused on promoting her wealth tax, which many argue would harm the economy instead of addressing programs that could be altered to save the government money without causing economic damage like social security.
Langone said combined he and his wife receive $4,000 a month in social security and asked Warren why she was trying to tax the wealthiest Americans while allowing the federal government to pay them every month.
“How do you rationalize giving me $3,000 a month check, every month, with all my wealth?” asked the billionaire. “Why don’t you people have the courage address entitlements as to what should no longer be entitlement. I shouldn’t get social security.”
Social security reform has been a controversial topic in politics for decades and many Democrats avoid the subject altogether. This appeared true to the DNC policy on the topic because when Langone pointed out this trend Warren tried to change the subject.
Billionaires who can afford to take a 10-minute joyride to outer space can afford to pay a #WealthTax here on Earth.
— Elizabeth Warren (@SenWarren) July 25, 2021
During the exchange, Warren never actually answered Langone’s line of questioning. Instead, she turned to her “tried-and-true” party rhetoric to try and defend a platform that, according the Brookings Institute, has been repeatedly abandoned by other nations. If tried it could inspire tax evasion and could result in a decrease in innovation.