Published: Fri, November 15, 2019
Markets | By Otis Pena

Ex-Goldman CEO Lloyd Blankfein suggests 'tribalism' is in Elizabeth Warren's DNA

Ex-Goldman CEO Lloyd Blankfein suggests 'tribalism' is in Elizabeth Warren's DNA

This is the latest move by Warren to troll billionaires.

A new commercial launched by Democratic presidential hopeful Senator Elizabeth Warren taking aim at billionaire critics of her wealth tax has sparked a war of words with several wealthy heavyweights including the former CEO of Goldman Sachs. The plan has proven to be controversial, largely because the media has given a lot of attention and airtime to letting those billionaires plead their case and, in some cases, cry literal tears over the idea of having to give their fair share back to society. And a Fox News survey found that 70% of Americans, including more than half of Republicans, are in support of raising taxes on individuals who earn more than $10 million.

"Vilification of people as a member of a group may be good for her campaign, not the country", Blankfein said in a tweet on Thursday. As a mother would say to her kids, just rub it awhile and you will be OK.

On Thursday, Cooperman responded to Warren's ad on CNBC, defending his philanthropy, saying he had settled the insider-trading charges without admitting guilt and accusing Warren of "firing off snarky tweets that stir your base at the expense of accuracy".

"That's PG-rated compared to Mr Leon Cooperman, the chairman and CEO of Omega Advisors, who has used expletives in his feud with Ms Warren over her wealth tax".

Mr Blankfein said he was surprised to have been featured in the ad, "given the many severe critics she has out there".

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"Savor a warm, slightly salty beverage of your choice in this union-made mug as you contemplate all the good a wealth tax could do: universal childcare, student debt cancellation, universal free college, and more", states the description for the cup.

Cooperman is not the only billionaire to criticize Warren's economic plans.

"Every time Elizabeth Warren pisses off a billionaire, we get a whole new crop of volunteer leaders".

Warren then launched into a lengthy riff on Trump's Ukraine scandal, allegations of self-dealing, and other forms of corruption.

Last week, Microsoft founder Bill Gates's well-publicized comments about Warren's proposal inspired the Massachusetts Democrat to add a page to her website showing Gates, Cooperman, and potential 2020 presidential candidate Michael Bloomberg exactly how much they would pay under her plan.

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