Senator Elizabeth Warren (D-MA) has been a thorn in the side of billionaires and corporations since even before she took office. That's only gone further since she launched her campaign for president, and the banks are beginning to notice.
In an interview with CNBC, billionaire JPMorgan Chase CEO Jamie Dimon lamented that Warren "uses some pretty harsh words" which he said tend to "vilify successful people." He continued:
“I don't like vilifying anybody. We should applaud successful people."
It wasn't long before Congresswoman Alexandria Ocasio-Cortez (D-NY) called Dimon out.
Warren promises to impose a two percent marginal wealth tax for those with over 50 million dollars and three percent for those with over a billion.
She soon addressed Dimon's critiques on Twitter as well.
And their critiques don't scare her. In fact, she's buoyed by them.
While successful people are often deserving of praise, billionaires routinely use loopholes and access to escape substantial taxation, or any taxation at all, even though they pay five percent less on average in taxes than the average American.
Some even say that there's no ethical way to earn a billion dollars.
People tended to side with Ocasio-Cortez and Warren.
Warren has routinely put big bank CEOs, many of them billionaires, through the wringer during Senate hearings and vows to hold them accountable if elected.
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