"Washington Times" columnist Charles Hurt said Wednesday on "The Story" that Sen. Elizabeth Warren's idea of a "wealth tax" and Rep. Alexandria Ocasio-Cortez' criticism of billionaires "undermines what's great about our country."

Martha MacCallum discussed Warren’s (D-Mass.) proposed tax on Americans with assets greater than $50 million as part of her presidential platform. Ocasio-Cortez (D-N.Y.) also recently contemplated higher taxes on the rich, pondering in a tweet why people don’t "tell billionaires who want to run for President that they need to ‘work their way up’ or that ‘maybe they should start with city council first’?"

 

Hurt said that Ocasio-Cortez's comment was a "goofball thing" and blasted the idea that former Starbucks CEO Howard Schultz and media magnate Michael Bloomberg shouldn’t be respected for what they built.


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"The idea that what [they've] accomplished in this country isn't an extraordinarily worthy success, it's dangerous [and] undermines what's great about our country," Hurt said.

Hurt said that Warren's plan is flawed in that the revenue it would generate could not fund the enormous entitlements and programs she wants to pay for.

"It's about punishing rich people," Hurt said. "Class warfare like this doesn't work very well."

Hurt said Americans writ large do not hate the wealthy, but instead desire to be wealthy themselves.

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