Elizabeth Warren just kicked Home Depot's exCEO's a$$ on CNBC.

[spooky3]

Wish I had caught the whole thing.

Ken Langone (GQPer) kept misstating her position (in her book) on public schools and vouchers. She very patiently but assertively repeated her position and threw in “if you would read my book, you would see I’m very clear that…”

Then the host argued her wealth tax proposal was unfair because it didn’t give wealthy a refund of taxes paid if their stock values declined in a later year. She responded that you pay the tax on the value each year. You don’t get a refund on your real estate taxes if your house value declines. He was too upset and too dumb to follow up by asking whether house values are as volatile as stock prices.

Child’s play for the brilliant and strong Senator.

[Arkansas Pilot]

1. Great interview

Every time she talks wealth tax, I would like Sen Warren to say just like state real estate and personal property taxes, there should be a similar federal tax on (whatever she proposes)

[KS Toronado]

6. Welcome to DU!

Don't fly into SW Missouri if you can avoid it.

[LiberalArkie]

7. Hell, don't fly, walk, drive in Arkansas - Maybe go skin-diving, But I would worry where the tanks

were filled.

[Fla Dem]

2. Here's a link to the video.

https://www.cnbc.com/video/2021/07/28/sen-elizabeth-warren-and-billionaire-ken-langone-debate-wealth-taxes.html

[Tadpole Raisin]

3. Nothing better than watching Warren destroy

Someone with logic!!

[rainin]

8. Thanks for posting. I love her! n/t

[Piasladic]

11. Thanks for the clip

I thought I loved Warren before, but damn... She ate his lunch

[malaise]

12. Thanks

She's way above their league!

[Johnny2X2X]

4. Home Depot's CEO is a creep

But never go to Menard's! Menard's CEO is a literal sociopath.

[spooky3]

5. Langone is no longer the CEO. Nt

[jaxexpat]

9. Generally, businessmen/women have a very poor understanding of how an economy works.

Wealthy business people are the survivors of a scramble for the top of the heap. They're pretty good at ruthlessness and single mindedness. They even have a working knowledge of "bottom lines". But at their level they no longer have the faintest clue about budgeting their personal expenses, that's what accountants are for, right? This is more important than it may seem at first glance because it's the millions of citizens working their week, cashing their check and shelling most of it out to pay their bills that ARE an economy. An economy could fare quite well without these 21st century versions of "captains of industry" but it will totally collapse if working people defaulted en masse on their mortgages or credit card bills.

If that were to unfold, banks would go into "grab back" mode, stripping all available lending capital to fulfill their obligations to the mortgage companies and their investors. Soon, sure enough, the floating plastic crap game of minimum monthly payments would undermine any remaining monetary stability and the national genetic fear of a Great Depression 2.0 is wrought manifest. Instead of stray bands of homeless undermining social norms in isolated locales as per today, the whole country would experience majority homelessness. A reincarnated dustbowl-like circular migration from Canada to Mexico and sea to sea, the bodies of "couldn't-make-its" piled along the margins. Those hit hardest by Bush's 2006 economic disaster have yet to really recover you know. Trump's MAGA $ell-abberation aspiration has always been a cruel myth, an unprosecuted fraud.

[thesquanderer]

10. If your stock values decline in a later year, you'll pay less in taxes that year!

The argument about what happens if the stock value goes down in a subsequent year is no different than trying to say you don't want to pay tax on all your income, because your income may go down next year. Simply, this year's income and valuations determine this year's taxes, next years income and valuations determine next year's taxes.

[Grins]

13. Langone is an annoying twat in this clip.

Positing bullshit turd after turd as though it was actual truth. That he is a HUGE backer of the orange Caligula came as a surprise to me.

Lowe's took the opposite position, and if there was one near me I'd never go near HD again!

[drmeow]

14. He's always been extreme right

I've avoided HD for decades over Lines except in some rare cases where Lowes didn't carry something, non of the other local hardware places had it, and it was HD or do without