Things That Matter

Basically Everybody Who Isn’t A Billionaire Is Coming For Bill Gates Since He Said He Couldn’t Live Off Of $7 Billion

The wealth gap between the world’s wealthy and, well, the rest of us has been amplified in recent years and particularly here in the United States. As the 2020 election nears, candidates across the political spectrum are ramping up their arguments and plans on how to combat income inequality.

In the US, the top 1% of Americans now own more wealth than the bottom 90%. This is an immense problem for America’s middle-class and is contributing the growing Social Democrat movement sweeping the country. Many candidates are releasing their plans and few have received more attention than Sen. Elizabeth Warren.

In the interview, it’s what he didn’t say that spoke volumes.

Credit: Nicholas Kamm / Getty

Bill Gates, the second-wealthiest man in the world with an estimated net worth of $107 billion, declined to say Wednesday whether he’d vote for Sen. Elizabeth Warren (D-Mass.) for president, given her proposed plan to tax billionaires at a rate of 6 percent.

And after a glib comment that he’d have to “do a little math” about what his net worth would be in a world post-Warren, the under-45 crowd had a few choice words for the 64-year-old Microsoft co-founder.

And the consensus is basically this: ‘OK, Boomer.’

Twitter did what Twitter does best and came hard for the Microsoft founder.

“I’m not Bill Gates, so his math is probably better than mine, but he’s worth 106 billion dollars, so if you took away 100 billion, it seems like that would leave him with SIX FUCKING BILLION DOLLARS,” Carter Bays, the producer and screenwriter, tweeted.

Another user tweeted it out just how insanely wealthy Bill Gates would still be even if Warren taxed him by more than $100 billion.

I mean, just let that settle in. Like should anyone really be this wealthy? Twitter doesn’t seem to think so. Others laid the blame with the media who have largely let Bill Gates lead his wealthy life without holding him accountable.

The responses — some earnest, some dripping in irony — highlighted the cultural rift between the baby boomer generation and its younger counterparts. 

And if there is a culture war, the phrase “ok boomer” has become its de facto rallying cry, a way to dismiss the more conservative politics that older generations represent.

Politics like, for example, not taxing the ultra-wealthy to fund social services.

“If I had to pay $20 billion, it’s fine,” Gates said on Wednesday during a financial conference hosted by the New York Times. “But when you say I should pay $100 billion, then I’m starting to do a little math about what I have left over.”

He also declined to say who he’d cast his vote for given the choice between Trump and Warren. “I hope the more professional candidate is the electable candidate,” he said.

To be clear, Warren’s proposal would not tax Gates’ wealth at a rate of over 90 percent, as Gates suggested.

It would be six percent for people worth more than $1 billion. Warren has said the revenue from that tax would fund healthcare for the entire country. Even Tom Steyer, the 62-year-old billionaire funding his own race for the presidency, weighed in.

“@BillGates, a wealth tax is the right thing to do,” he tweeted Wednesday night. “Don’t panic — you’ll be alright.”

But Gates is far from the only billionaire to bemoan Warren’s plan. Financier Leon Cooperman publicly sparred with Warren last week after writing in a letter that she treats wealthy people like “an ungrateful child.”

“Warren’s tax could cut roughly in half the fortunes of the very wealthy over its first 10 years. The aggressiveness of her plan should not be understated,” Michael Strain, an economist at the conservative think tank American Enterprise Institute, tweeted this week. 

He later told Vox in an interview: “No group of Americans should be treated as a tool to raise the welfare of the rest of society.”

But for all those worried billionaires, don’t worry. The Warren campaign has released this handy calculator to show just how much they may have to pay.

Elizabeth Warren’s campaign just rolled out a handy wealth tax calculator for any billionaires worried about what they’d have to pay under her proposed tax plan. 

The Massachusetts senator, who’s polling neck-and-neck with Bernie Sanders and Joe Biden for the 2020 Democratic presidential nomination, said she’d double her proposed wealth tax on billionaires from 3% to 6% to fund her progressive health care, climate, child care, and student loan proposals.

Under the plan, Facebook CEO Mark Zuckerberg would pay $4.249 billion. Amazon founder and CEO Jeff Bezos, who happens to be the richest man in the world, would pay $6.697 billion. And Bill Gates, who declined to say whether he’d vote for Warren earlier this week, would pay $6.379 billion if her plan goes into effect.

“Don’t worry too much about Bill Gates — if history is any guide, if billionaires do nothing other than invest their wealth in the stock market, it’s likely that their wealth will continue to grow,” Warren’s website reads.

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As Trump Rushes To Build More Border Wall Before The Election, Here’s A Timeline Of His Border Wall Failures

Things That Matter

As Trump Rushes To Build More Border Wall Before The Election, Here’s A Timeline Of His Border Wall Failures

Saul Loeb / Getty Images

With just 34 days to go until the election, Trump is in an all out mission to build as much border wall as he can. Throughout his 2016 campaign and his time in the White House, he has made his vanity project a key component in his identity as president.

He’s used it to ratchet up xenophobia and to implement his draconian immigration policies while also using it to build support among his die hard MAGA-loving supporters. But there’s just one problem: Trump has completely failed in his mission to deliver a border wall to his supporters.

Since the 2016 election, according to the LA Times, the Trump Administration has only built 5 new miles of border wall – yes, just five miles of border wall along a 1,954 mile long border.

However, the larger point is that we are still wasting billions of dollars to built an apartheid wall twice as tall as the Berlin Wall. It’s a complete waste of money and it’s wreaking havoc on our environment, politics, and security.

Trump is racing to complete more border wall in time for the November election.

The election is just over a month away and the Trump administration is quickly realizing that one of Trump’s biggest promises to his supporters, remains unfulfilled. This has led to an all out push to construct additional border wall, with construction crews now adding nearly two miles per day. It is an unprecedented pace toward meeting one of Trump’s signature 2016 campaign promises.

U.S. Customs and Border Protection (CBP) say that the rate of construction has nearly doubled since the beginning of the year, accelerated by the government’s ability to cut through national forests, wildlife preserves and other public lands already under federal control.

The rapid pace of construction has had the biggest impact in Arizona. There, crews have literally blasted through protected areas and federal lands — areas where the administration is able to bypass environmental laws, archaeological reviews and other safeguards.

In fact, crews have been using dynamite to level the steep sides of Guadalupe Canyon, a rugged span where the cost of the barrier exceeds $41 million per mile. Across the state at Organ Pipe Cactus National Monument, border agents have forcefully broken up protests by members of the O’odham Nation attempting to block the bulldozers near ancestral burial sites and a fragile desert oasis.

Officials hope to hold a ceremony celebrating 400-miles of new border wall before the election.

Trump is hoping to celebrate the 400-mile mark with a major celebration touting his great success on the border wall. But as earlier figures show, it’s all a sham. Most of the border wall that’s being built is not new.

However, Mark Morgan, the acting CBP commissioner, told reporters that the president has proved his doubters and critics wrong.

“Even as the nonbelievers, the folks who have been out there for a very long time who said we were never going to get this done, what I refer to as the judicial activism of lower courts that have tried to stop our construction of the wall, the false narratives and, quite frankly, the lies out there about the effectiveness and need of the wall — despite all that — this president has remained steadfast in his commitment, his commitment to the American people and to the men and women of CBP,” said Morgan, erroneously claiming the government was building 10 miles per day.

Meanwhile, Joe Biden says he will shut down border wall construction if elected president.

As with so much else, the future of the wall project is contingent on the outcome of the Nov. 3 presidential election.

Biden has been very open about his plan to immediately end construction of the border wall if elected. This could be a big shock to the giant industry that has sprouted up to build the wall. Crews have been working 24 hours a day, seven days a week, on at least five locations on the border, according to officials overseeing the project who spoke on the condition of anonymity to the Washington Post.

“There will not be another foot of wall construction in my administration,” Biden said in August during an interview with reporters from the National Association of Black Journalists and National Association of Hispanic Journalists. Biden said he favors “high tech” systems that rely on surveillance technology and would direct resources to the legal border crossings where most illegal narcotics are seized.

Despite the lack of new construction, CBP officials are already calling the wall a success.

Officials say that the increase in apprehensions of migrants caught hiding in tractor trailers or coming ashore on California beaches is proof that the border wall is working. But that just simply isn’t the case when you’ve only built 5-miles of border wall.

Meanwhile, even though it’s patently false, Trump continues to deceive the public with claims that Mexico is footing the bill. Mexico is not paying for the wall.

The president has obtained $15 billion in federal funds for the project, but just one-third of that money has been authorized by Congress. The rest, nearly $10 billion, has been diverted from the U.S. military budget, giving Trump enough to build 738 miles of new barriers, or enough to cover more than a third of the 2,000-mile boundary with Mexico.

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Cardi B And Sister Sued Over Video Claiming To Show ‘Racist MAGA Supporters’

Entertainment

Cardi B And Sister Sued Over Video Claiming To Show ‘Racist MAGA Supporters’

iamcardib / Instagram / @iamcardib / Twitter

Cardi B and her sister are being sued for defamation of character after a viral video taken by Hennessy Carolina Almánzar. The video shows two men, one wearing a MAGA hat, and one woman telling Hennessy to move her car, which is parked on the beach.

Earlier this month, Cardi B shared a video taken by her sister showing a confrontation over where a car was parked.

Cardi B, who is notorious for having widely broadcast Twitter feuds with people, posted the video in response to a tweet from Candace Owens. Owens is a controversial conservative figure whose brand is all about shock and awe. Owens famously said she thinks it would be okay if “Hitler just wanted to make Germany great and have things run well.”

Immediately, there was skepticism about the incident since the video starts during the confrontation.

Responding to nay-sayers, Cardi B shared a video of her sisters voice messages sent to her IG DMs. Hennessy claims in the messages that the white men were the aggressors against her and her girlfriend while they were on the beach.

The videos did not convince some people that her sister wasn’t in the wrong.

Cardi B’s tweet is filled with responses questioning the video and denying its authenticity. The argument immediately turned political because of the mention of Trump and Trump supporters. The conversation on Twitter is divided among people who believe Cardi B and her sister and those who don’t.

Now, Cardi B and Hennessy are being sued by the beachgoers in the video.

“These peaceful Suffolk County residents were quietly enjoying a Sunday at the Smith Point beach with their families, when rap celebrity Hennessy Carolina suddenly approached them, raging, spitting, insulting, assaulting, defaming and threatening them, all the while videotaping them because one of them wore a MAGA hat,” beachgoers’ Miller Place attorney John Ray said, according to ABC7NYC.

The lawsuit claims defamation of character because of the language used in the video against them.

According to Billboard, plaintiffs Peter Caliendo, Pauline Caliendo, and Manuel Alarcon claim that they had approached Hennessy and her girlfriend, Michelle Diaz, blocked them in with how she parked her car. The lawsuit states that the men asked for Diaz to move her car and that’s when Hennessy started to record the video and hurl names and insults at them.

This story is developing and mitú will be updating as the story unfolds.

READ: Cardi B Is, Once Again, Fed Up With Trolls Trying to Body Shame Her With Edited Photos

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