Vermont Senator Bernie Sanders – the self-proclaimed Democrat socialist whose position during the 2020 primary has been threatened by Massachusetts Senator Elizabeth Wire's power in the Democratic primary with progressive voters – is trying to cut support for his rival by dismissing her as a "capitalist. "
"There are differences between Elizabeth and myself," Sanders said during a Sunday interview on ABC's "This Week." "Elizabeth I think, as you know, she has said she is a capitalist through her leg. I am not."
BILLIONAIRES TO THINK OF 97.5 PERCENT TAX TAX UNDER SANDERSPLAN: ECONOMISTS
The comments will come in the midst of an increase in Socialism in the Democratic Party, as candidates become more willing to openly embrace socialism over capitalism.
Warren last year reportedly said "I am a capitalist to my bones" when asked if she was a capitalist. [1
It comes in the middle of the poll that Democrats now see socialism more favorably than they do capitalism.
A Gallup poll this year found that 43 percent of Americans think socialism would be good for the United States, while 51 percent say it would be a bad thing. Gallup found that in 1942, a Roper / Fortune survey that found 40 percent of Americans described socialism as a bad thing, while only 25 percent called it a good thing.
Election questions are new evidence that attitudes to socialism are changing, amid the popularity of the Democratic Party by Democratic Socialists such as Sanders and the New York Rep. Alexandria Ocasio-Cortez, who runs policies such as "Medicare-for-all" and the Green New Deal.
Meanwhile, two economists at the University of California, Berkeley argue that billionaires could face an effective tax rate of 97.5 percent under Sanders' plan, which would easily dampen other Democrats coming to President 2020.
Emmanuel Saez, a of the professors, told Bloomberg that "with the wealth tax, you get directly on the stock instead of turning in the flow of income, making it a much more powerful de-concentration tool than income taxes." The report pointed out that Sanders has said that the number of billionaires in the United States would cut in half within 15 years according to plan.
The plan presented by Sanders seeks a 1 percent levy on households worth more than $ 32 million and proposes tax rates that would increase for wealthy people, up to 8 percent for wealth exceeding $ 10 billion.
Sanders pledged to go beyond Warren and generate more than $ 4 trillion in the coming decade, significantly reducing billionaire's wealth. Billionaires would face an effective effective tax rate of 62 percent under Warren.
Sanders' plan goes further because it starts at less worthy assets and kicks in to $ 32 million. Warren also proposes raising wealth tax up to 3 percent at a net worth of more than $ 1 billion, while Sanders tax rates do not peak until 8 percent for the wealthiest households.
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The Massachusetts senator has topped Sanders in recent polls by Democrats in Iowa and New Hampshire that show she is also walking around with longtime front-runner, former Vice President Joe Biden, in these states.
Fox News "Edmund DeMarche and the Associated Press contributed to this report .