In this quote from The Daily Show, US Senator Elizabeth Warren discusses the responsibility of extremely wealthy multimillionaires and billionaires to invest back in the society that helped them get wealthy. Here’s her quote:
“Here’s my pitch – you’re a billionaire. You worked hard. You busted your tail, You made it big. Good for you. Great. I’m glad to hear it. But if you built a business here in America, you didn’t do that all by yourself.
You did it using workers all of us helped pay to educate, getting your good to market on roads and bridges all of us helped to pay for, protected by firefighters all of us helped pay the salaries for.
And we’re glad to do it because we invest as a nation, as a people, in creating opportunities so you got a chance to get out there and build this fabulous business.
All we’re saying is when you make it really big, when you’ve got more than $50 million in accumulated assets, on your 50 millionth and first dollar, and every dollar above that, pitch in two cents so everybody else gets a chance to make it.
That two cents from the very top will produce $3 trillion in revenues over the next ten years.
That’s enough money for universal childcare and early childhood education for every baby in this country, to revitalize all K-12 schools, cancel $50,000 of student loan debt, put real investments in our historically black colleges and universities, make all of our colleges tuition-free, and still have money left over.
Just two cents. That’s all we need.” -Elizabeth Warren
Source: The Daily Show
What do you think about billionaires hoarding wealth? Let us know in the comments below!
Gee, isn’t that close to curing the National Debt as well? I think before we create more debt paying off what is building every hour would be a better start? And while we are at it, why don’t you throw in the first 4 cents (since you’ve already given us your illogical 2 cents!) Ms Warren!