over 250,000 or 4,000 polls very well. now, the fact that it polls well doesn t mean the wealth tax itself as proposed by warren and sanders is a good idea. you ve got people like larry somers, former treasury secretary, he s not conservative, making the argument that it wouldn t raise the money that she s talking about. right. it would distort behavior. it might not be successful. so there are meritorious arguments i don t know that i buy those arguments, right? i used to work on wall street and the wealthiest traders lived in manhattan and voluntarily paid higher taxes because they wanted the glamorousness of limbing in manhattan. i think at the end of the day this polls really well. look, billionaires pay 2% fees to participate in hedge funds so they can make more money just to get in the door. so why shouldn t billionaires by a 2% wealth tax just to participate in society? the 2 and 20 hedge fund fee,
his his own wealth tax proposal of 1%. warren has a higher were. it s 2% from 50 million to $1 million and 3% over that. and sanders has the highest one which is 8% over 10 million. they think they have the solution and they can solve the world s problems better than the federal government can with its millions of workers, many of whom are experts. i seem to remember we had another billionaire businessman that thought he knew better than the entire federal government and all of the workers that worked for him named donald trump. right. and i think the difference here, at least in this sense, is not very much, right? in this one sense bill gates is basically donald trump with better table manners. well, here s what i think is also different this time around, speaking to both both to trump and what john said about previous fits of rage from wall street about being taxed. the wealth tax is a real thing. it s a new thing. it would genuinely change the balance sheets of billionaires
results the other day and start thinking maybe i should be a little more fair and not dismissive. all right. congressman jerry nadler, great to have you here. come by any time. great to be here. amidst the wealth tensions proposed by warren and sanders a new billionaire prepares to enter the race. how the newest candidate could change the field ahead ha. e newd change the field ahead ha.