ELIZABETH WARREN: What Zohran is saying is 'I want people to be able to afford to live in NYC'
FABER: But raising taxes in order to do it?
WARREN: Oh my goodness! Oh dear! Are you worried that billionaires are going to go hungry?
Replies
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Faber lives in the tiniest of bubbles (or he is an evil dumbass)...
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The heart I post here is for Warren. Faber sounds like your typical narrow-minded republican, worrying about the rich sons of bitches rather than facing the reality that the backbone of our country soon won't be able to survive. Then we ALL go down. Stupid tRumpublicans.
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Persist on, my love!
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Top Ramen Noodles for all the Billionaires!
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The rich really dont want to pay they are only used to taking from the poor. Its one thing not to lay taxes its another to get refunds from the poor. Which is what Republicans have been doing for 80 years.
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Dead coal eyed man says what?🤔
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Yep, he worried about billionaires! For sure!
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Elizabeth is a fighter. We need more fighters.
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Investors are the parasitic class.
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That’s a serious problem with our journalists and the media in general. They’re lumping billionaires in with everyday working folk when it comes to taxation. I’m glad she’s out there informing the American people and making that distinction. B/c the press clearly doesn’t seem to be doing its job.
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🤣😹😂😆😂😹🤣
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SIGH Why don't Democrats like Warren counter this BS w/ what the tax % were WHEN THE US WAS "GREAT"?? (yes, there were loopholes & carveouts then, too...)
BTW - Faber clearly prefers his own voice🙄 yabber at & over a guest & feign he GAF what they say😒 www.concordcoalition.org/deep-dives/i....
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55% of NYC residents spend more than half their income for rent and have done for years. Failure to build affordable housing units (not luxury units) for those who need it is criminal leadership.
123 billionaires and 384,000 millionaires are going to move to TX and Florida? Have they been there?
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Media is run by billionaires.
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Why is everyone so worried about raising taxes on the wealthy? Boo hoo, they have to pay more. The middle class & poor DO👏🏻NOT👏🏻CARE👏🏻 There are way more people in the bottom of the economy than the top. Use your vote!
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It’s criminal that this woman wasn’t elected President in 2016
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“Oh they’ll leave the city!” Fk off you Fkr!! You can leave too!
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“They are already paying 15% of their income”? Well, shucks, cry me a river. Also, billionaires aren’t going to abandon NYC. It’s NY f—ing City.
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Love this woman
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The billionaires live in Connecticut.
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I find it funny Faber is mansplaining to Warren how business works. See you need the rich people to just invest and without rich people suddenly no business will exist because there is only a supply side, no demand side at all.
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Oh my gosh they are going to go to other places that just suck them off? They tried this in Kansas and Wisconsin and it DID NOT WORK. All it did was create a few more wealthy assholes than before and less jobs. I never get this idiotic trickle down nonsense FAILING while selling it ascommon sense
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The US is so venal. It's appalling. Somehow an entire country failed to learn any empathy or even just basic concepts like cooperation and sharing.
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"they will leave"
then they can fucking GO. they wanna live here because of the city, if they just want to leech off a city—they can leech off a different one
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Give em Hell Sen Warren! So tired of their one sided nonsense!🤬
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They don’t even hide how greedy they are. Of course Billionaires should pay taxes.
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I love her 💗
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The fact that a Billionaire class exists in the first place shows we as a society are failing.
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Let them leave. Show them the door. They don’t pay taxes so whatever fills the void will bring more money to NYC than they do.
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Yes, if we lived on the street!
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If you are wealthy and live in NYC you are not moving to fucking Austin Texas because your taxes went up. 😂😂😂😂
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she's a treasure
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She’s just smarter than he is.
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lol and omg. did he just say 15%??? 🙇♀️
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I ❤️ Liz
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Is anyone aware of the price of black market, wild Caspian Caviar these days considering the war and sanctions. Let's not be so hasty to criticize Billionaires. Any of us could be in that position tomorrow!
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IT'S WARREN FROM THE TOP ROPE
SHE TAGS IN MAMDANI
THE KOCH BROTHERS ARE PINNED, THEY'RE DONE, IT'S OVER
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Who is this loser?
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I love her comebacks to these pro-billionaire mouthpieces. She is so good at this.
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I watched the interaction...Faber is fully a "trickle down" guy. Just keep giving the billionaires more...
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Get him Liz, get him!
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“But if we do nice things that help people, that will cost money!”
( quietly applauds trump’s gold-plated ballroom plans )
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Make the piggies squeal @warren.senate.gov 👏 love you! They DO think we should all eat dirt.
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Who IS this idiot? He's got about as much sense (if not less) as my daughters hamster.
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Boy that guy was a whiny baby girlie man. Yes, I am channeling Hanz & Franz. :)
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Billionaires are few hundred. You make irrelevant amount of money also rising taxes 90% on them and they would leave because they can. The only way is to rise the taxes on middle class who are millions people. Only by taxing middle class you can make a significative amount of money to help the poor
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And yes, that is a lie:
inequality.org/article/mill...
Millionaires Don’t Flee States Over Higher Taxes
Increasing state taxes on the wealthy raised revenue without triggering millionaire flight, a new study found.
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They're conducting this conversation as if those billionaires came by their hoards of wealth honestly.
They didn't.
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Every billionaire is a policy failure.
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Nearly every place he listed is ass. You know where businesses are successful? Where there's people. People that are able to afford paying for whatever that business does. This bullshit "but what about the rich..." used to go over poorly. What happened to us??
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The way he keeps talking over her is pissing me off.
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The billionaires are (or should be) employing people who live in New York. Do they really think it's better if none of their employees can afford to live in the city they work in? I know they don't care about workers' quality of life, but how about their productivity?
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nobody in america should be a billionaire as long as tens of millions of americans go hungry and/or homeless. period.
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Go Elizabeth!!
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You can’t have services without taxes
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I know there is no point in looking backward, but I can't help it every time I hear Warren. Had we nominated and elected her in 2020, we would not be in this mess now.
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Blackstone and goldman sachs creating jobs? Most people don't work those types of jobs buddy
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So what if they leave???
We need to be focused on the people that pay taxes.
Let them go elsewhere and get their welfare.
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Oh yeah, so many NYC billionaires will up and relocate to…. Dallas. Suuuuure they will.
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This guy has a very punchable….everything. He’s an insufferable jag!
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Who’s the jerk ?
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it's not "raising taxes" it's making the playing field equal. pay your fair share!
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"A number of my friends who belong in these very high upper brackets have suggested to me, more in sorrow than in anger, that if I am reelected they will have to move to some other Nation because of high taxes here. I shall miss them very much but if they go they will soon come back."- FDR
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Oh my...this guy thinks "the poor billionairs"...not the poor busboy or public school teacher. Good grief!
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Holy shit these people are unbelievable--if you DARE tax us more than what we pay now, we're leaving!
Even though we'd STILL BE INSANELY RICH.
These people are EXACTLY WHY you don't want them in our government and sure as shit why you don't want them buying it.
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Someone tell this dumbass that the people leaving NYC aren’t working on Wall Street, sheesh most people commute into the City. Billionaires should pay their fair share AND compensate for the lives they destroy hoarding wealth.
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So he’s saying we need to worry about a hand full of uber rich people’s bank accounts instead of everyone else who is trying their best to live in NYC. Maybe the uber rich should buy fewer lattes and avocado toasts, then they’ll be able to afford to pay their taxes.
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She's talking about raising taxes for the rich who now pay 15%!
Good Lord, how many ordinary people only pay 15% in taxes?
Faber is trying to protect himself from paying more than 15%!
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Financial “journalists” are the worst.
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I despise when a male interviewer keeps talking over an interviewee to drown out the point being made. Where's this guy's data to back up what he is claiming. Even if some do leave, another billionaire just moves in.
Just another bogus argument to not raise taxes.
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What is it with right wing pundits having voices like fingernails on a chalkboard? Surely the fascist Morgan Freeman is out there somewhere.
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That guy loves the sound of his voice
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JFC, why can't these men let women talk without talking over them? So sick of it.
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CNBC is worthless. What percentage of their on-air talent live in Manhattan?
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These CNBC clowns in their fancy suits are so fucking out of touch with the concerns of everyday Americans.
They speak for the 1% but NO ONE else!
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Millionaires threatened to leave Mass over the wealth tax. They didn’t. It brought in more money than projected
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Well. I see where Craig Sager's shitty suit collection went.
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Why is Fabre so aggressive lol. What a weenie
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Fuck yeah, Sen Warren!!!!! Yes!
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Massachusetts raised taxes on millionaires not long ago despite right-wing screams that they'd all leave. They didn't.
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Kudos to eliz Warren. Whoever this host guy is - moron!!
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Warren is a Democratic warrior. She took Faber down in one swing. She always comes to the fight loaded with data and facts.
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Sen Warren is right, and he's far too combative. He'd never push back on a Republican that way.
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Give ‘em hell, Senator!
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She always makes the most sense.
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Faber wants a system built by oligarchs, for oligarchs—designed to protect their interests and preserve their power. The elite take care of their own, while everyone else is left out of the equation. Warren sees it for what it is.
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Perfect response.
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Well, not taxing billionaires hasn't been working since Reagan introduced trickle-down economics (proved BS in the long term). So, go back to what was working beforehand, and have CEOs not earning more than 100-1 compared to their base workers AND tax the rich to pay for services and infrastructure.
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We need to reinstitute a top marginal tax rate like we had from 1945 to 1963. If you're super rich you pay super high taxes above a certain threshold. A presidential candidate could easily win using that as a platform. FDR is the reason they started term limits because he couldn't lose.
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She is so strong 💪🏼💪🏼👏🏼👏🏼
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All of our economic news coverage is from the point of view of oligarchs.
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OMG! THE BILLIONAIRES WILL LEAVE!
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Warren would’ve been soooo much better than Biden. We have no luck
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Fuck the billionaires...dismantle capitalism
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Billionaires are orchestrating a Depression. They’ve plundered the entire globe and now it’s our turn to be gutted.
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Get ‘im, Liz!
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What a POS this guy is.
So all-in for the rich, we can tell who pays his paycheck.
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I’m still salty she was never president
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Wow. Faber is a clearly billionaire ball washer. God forbid they pay their fair share of taxes.
I wasn’t for Mamdani fan before, but if I lived I NY I would vote for him.
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I think what we need here is some super glue
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Why base how a city supports itself, by worrying about how a relative handful of rich folks, who apparently aren't paying their fair share to support what they benefit FAR more from than the average taxpayer, doesn't like?
If they have it better somewhere else, they would leave anyway!
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If you replaced Republicans brains with dog shit they would be smarter.
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So, he is a rude piece of work. Ugh!
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She is so gooooood. Billionaires love the status of the 212 area code and the Park Ave addresses, they aren't going anywhere. Those of us in NY know the 212 area code is a big deal. It used to be all of NYC now it is Manhattan.
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Another day, another video that I can’t fully watch @bsky.app so frustrating because when Warren talks, we need to listen.
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💙💙💙
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Liz, the billionaire enablers are pathetic, but kudos to you trying to enlighten them.
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Massachusetts raised taxes on the rich. Surprise! They didn’t “flee.”
It’s another BS Republican talking point like the old “welfare queens” lie.
inequality.org/article/mill....
Millionaires Don’t Flee States Over Higher Taxes
Increasing state taxes on the wealthy raised revenue without triggering millionaire flight, a new study found.
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Faber just interrupts and interrupts and interrupts - the sign of a person losing an argument
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So let billionaires go elsewhere. They wouldn't be billionaires if they weren't in a city like New York. Let them go to those parasitic Red States
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If only he produced some data to backup what he says, the problem is that he cannot. Lies, lies, and more lies, that seems to be their solution.
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Ah, yes, raising taxes. The 2025 corporate whining.
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Yes with taxes at a confiscatory rate. The transfer of wealth from the bottom 90% to the the Top 1% over the last 50 years is estimated to be about $50 trillion. time.com/5888024/50-t...
The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%—And That's Made the U.S. Less Secure
A report shows that a $50 trillion redistribution of income to benefit the richest has made America less healthy, resilient, and secure
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Yes, because if you love living in NYC, you're going to move to Nashville or Dallas? Come on now.
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I watch the @cnbc.com anchors pummel her every time she’s on, they treat her so rudely different than everyone else, watching Faber act like a cad here is lame as hell, yet every time she doesn’t shrink down one bit. Fabers freak out doesn’t phase her one iota. Bravo to her. It’s glorious.
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These Billionaires will never understand or care. We TAX them and they freak out. She's right, they won't starve, maybe they may just think about having 100 foot yacht instead of a 200 foot yacht built when they feel like it. Oh boo hoo poor Billionaire.
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He needs to be lined up against a wall 🤷🏾♀️
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Warren could talk all day to Faber and not change his mind. If he think's taxing global corporations and the very wealthy isn't the answer, let him tell us his plan to keep New York vibrant without doing that. He didn't hear a word warren said, too focused on keeping the ultra rich happy.
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Love it when shills for the Republican Party get facts thrown back in their faces and revert to their greatest hits of protecting the rich and taxes
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It's REALLY annoying when some male interviewer has to talk louder and louder over a woman he's supposedly interviewing. Just shut up and let her speak FFS.
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Young people working and living in NYC making over $300,000 a year are struggling- unless they have a trust fund. To fix NYC we need talent not billionaires and their offspring
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What can’t said, translated: Just keep feeding them corporations. F the humans.
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The guy she’s debating is such a dick, I don’t know how she does it. She’s amazing- clear and coherent even when being interrupted by and talking to fools.
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🔥🔥🔥
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They won’t leave because they want to make money and we are the consumers. Without us they would be nothing! Let them leave.
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The interviewer is an AH. Good for Warren that will not let go.
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Well said, Elizabeth!
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FABER: "New York is in shambles! Billionaires are leaving!"
WARREN: "Here's how to fix it!"
FABER: "New York is fine tho!"
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She states her points so well, all Faber is left with is to interrupt and over talk. Weakling.
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I wish the hosts on CNBC had pushed back on Trump like this “man” did to Senator Warren. “Move to Austin” 🤣 He needs to talk to all of Joe Rogan’s friends that are leaving Austin and Texas because of taxes and how slow the city turned out to be.
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Oralè
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Faber worries about the billionaires leaving NewYork🤣 They can all go to Florida and New York will continue to flourish..
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So Faber, you idiot, where are they gonna build more affordable housing in NYC? And who’s gonna pay for it and how do you keep it from rising faster than inflation?
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He said people can afford NYC 😂 NYC natives in CT, NJ & PA say otherwise
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The better argument to the CNBC crowd is that Trump is going to crash the economy, and then what good will your lower taxes do for you?
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Keep this up! We are not going to let them manipulate us into believing what they’re doing is right. We the people want Republicans out!
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Republicans: "New York City is so cheap right now. But if Mamdani gets his taxes, New York City will become so expensive."
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❤️ Sen. Warren.
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Yup … they’re all going to move to Nashville 😂
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"Academic studies consistently show that the tax responses of the wealthy involves minimal levels of migration."
taxjustice.net/press/millio...
Millionaire exodus did not occur, study reveals - Tax Justice Network
The number of millionaires widely reported in the news to be leaving countries in "exodus" represented near-0% of all millionaires.
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Wall Street will do EVERYTHING it may think of to stop Mamdani from winning. I hope the people show up to elect him for that reason, if no other.
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Why does he keep raising his voice and talking over her? Such a jerk
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In his mind billionaires have simultaneously left NY AND are in NY not wanting to pay more taxes AND will leave some more if they have to pay taxes. Okay. The top percentage leaves, as he suggests, then what? Fewer rich people, then costs will come down. So it’s a win-win
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I love his thought process that the city is working. Because a lot of people work long hours and sacrifice to live there. He acts like everything is cool because he's got his piece and fuck the lady who has three kids trying to make a life for them by working 2-3 jobs and dying slowly every day.
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Love her!
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The way he keeps talking over her is infuriating!
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Massachusetts passed, through a ballot initiative, the Massachusetts Millionnaires Tax. A 4% [0.04] (sur) tax on those earning over $1,000,000. The money was specifically slated for education and transportation. Some people said wealthy people and companies would move out of the state. They didn't.
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Sen. Elizabeth Warren is right. The Fair Share Ammendment, a ballot initiative which passed added a .04% tax on those who earn more than $1,000,000 a year. The revenue was specifically slated for education & transportation. Some people thought wealthy people & companies would leave MA. They didn't.
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Senator Warren - You rock! You're right. In Massachusetts people were claiming that raising taxes even a tiny little bit on millionnaires & up would result in wealthy people leaving the state. They didn't. ~ You have my vote!
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She's just got these guys by the balls. Master class in making your point. I wish she'd asking him how the city can raise money to issue services without taxes. If he's got the answer, propose it.
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Look at the fucking bootlicker. Let the billionaires go to Dallas and not have electricity for a few days
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OMG--15%? Jesus how they even surviving?
Warren's a little older than me. But we are both old enough to remember what rich & corps USED to be taxed. I believe it's now known as the most prosperous time in our country's history. We also had unions.
Everyone THRIVED.
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Oh no, the billionaires might leave. 🙄
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First time I can recall seeing Faber sound so goddamn whiny. Also Warren drives me fucking nuts. If she actually knew her shit she'd talk about how MA, her goddamn state, passed a "millionaires tax" and saw a net increase in millionaires after it passed. But she's only interested in grandstanding.
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Cook ‘em, Beth!
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No the businesses can't just go to Austin, only the billionaires can move without consideration of the costs. Let them go.
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Is it required that every host on cnbc has to be a d-bag?
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Cuomo should only be at 2%
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I don’t understand the logic here. How many wealthy people live in NYC vs middle class? I assume middle class is a huge percentage. If the middle class leave wouldn’t that hurt more than if the billionaires do?
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🥳
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I love her - she does not back down and she gets her point across!! If people can’t afford to live there - it will no longer be the city that is today- people will have to leave -
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This is an NBC pundit? Sheesh cable media now adays really is fucked
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@warren.senate.gov was & is currently the most Logical & Sufficient choice for our (US) presidency since 2019.
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Besides that the billionaires will be HAPPIER with higher taxes and not seeing homeless people. Because the little fake seeming numbers give them an ego boost like a candy crush high score is nonsense but homeless people sleeping in their office buildings' vestibule makes much more of an impact
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who is this tiny doucher in his head? i couldn't watch the whole thing to hear him say the same stupid fucking thing over and over billionaires can't actually pay taxes or workers? how would they stay billionaires and hoard all that money? 900mil isn't the same, wwaaaahh!
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Raising tax on the wealthiest, wow, what an innovating idea. They will pay it, won't move, and life will go on 🫡
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These corporate media journalists need to be laughed out of their studios. After decades of obscene income inequality, the time is long overdue for a return to truly progressive taxation.
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the argument that if you tax the rich they will leave and lose tax income is BS since they already use loopholes to pay no tax so you lose nothing if they go finance.yahoo.com/news/billion...
The Billionaires Who’ve Paid $0 in Income Tax — and Why the IRS Can’t Stop It
The great wealth divide between the rich and the poor in the United States continues to grow and it shows no signs of slowing down. But while most Americans don't begrudge others from earning their...
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She definitely has been going on CNBC a lot. I like the way she pushes back on the BS.
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@warren.senate.gov hit Trump so hard he's already posted 4 times in angry response.
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They need to start paying taxes, whether local, state or federal. Good luck finding workers in those other cities. Some people won't want to move.
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Talking over your guest instead of exchanging ideas is bad journalism; he's not listening.
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Before Mamdani won the primary and became the favorite to become mayor, Faber would never admit how great New York is doing. I guess the fear of true progressive leadership can scare some truth out of people.
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Go Liz!
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This is exactly the way Democrats should be responding to questions like this — with all the seriousness they deserve, which is to say none.
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Fucking leave then! Bye billionaires! Give NYC back to the people!
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Is a billionaire, who probably already owns homes in half a dozen different cities and states and who only spends maybe a few months/year in any one of them, going to sell his NY City home and never set foot in NY again b/c his combined fed/state taxes in NY go from 15% to 16%?
I kind of doubt it.
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He’s so rude. He won’t let her speak and talks over her. Would he do this to a man ?
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those places aren’t NY tho
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I’m sure it’s only 2% so I think the richest people can afford it.
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Who is that guy - he’s an asshole!
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I love her 🥹
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Faber is like the proverbial pigeon strutting around, crapping all over the place as if he won that chess game.
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She’s so good at exposing them.
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That Faber guy is a rude, interrupting, ignorant gobshite.
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"Shouldnt mayors be concerned with raising funds?"
I mean, yeah. Hes raising funds by taxing billionaires.
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Then let them fucking leave, fucking leaches the whole lot of them.
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Again the old F@CKIN bullshit " leave the rich alone and wealth will TRICKLE DOWN" all this crap including faux not news is the result of the GOP and Reagan spewing their bullshit
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At the 2:30ish mark
"It isn't clear he actually has the ability to do it by the way"....
Then why are your panties so twisted?
![Graph showing the dramatic change over time in US taxatin in the 20th & 21st cen, exp 1933 - 1963 and again another drop in 1983
"oth the individual and corporate income tax began with modest top rates of 7 percent and 1 percent, respectively. The top individual rate reached a high of 94 percent in 1944-45, and the top corporate rate reached a high of 53 percent in 1968-69.[4] However, the top rate has not always applied to every type of income. For example, capital gains, dividends, and earned income such as wages and commissions have often been taxed at a lower rate, and the interest earned on municipal bonds has generally been tax-exempt."
Source: https://www.concordcoalition.org/deep-dives/issue-brief/historical-tax-rates-the-rhetoric-and-reality-of-taxing-the-rich/#:~:text=Both%20the%20individual%20and%20corporate,has%20generally%20been%20tax%2Dexempt.](https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:zr4rfu7nyqlibueul6hyqp5v/bafkreieykarupxsooir5wuvz2sx57mh34ltpyha7j367afnh2nd25s2swi@jpeg)
