Sen. Elizabeth Warren has proven she’s not too sensitive about the kerfuffle over her very slight Native American heritage — or the name-calling it has engendered. Otherwise, she might not have targeted the particular billionaire she hit this weekend from her pugilistic Twitter account. Because not only does billionaire Daniel Snyder reportedly own the new superyacht (with an IMAX theater on board) that drew Warren’s attention, Snyder also owns the Washington Redskins — a frequent target of various ” please change your insensitive name” campaigns. (Note: Redskins is considered by many to be a derogatory term for Native Americans; it is also a billion-dollar football brand — thus the dilemma.)
But Warren wasn’t addressing the (for some) controversial name of Snyder’s exceptionally valuable NFL football franchise. The senator was instead pointing out that anyone who can afford a 300-plus foot yacht that comes with a fancy movie theater probably won’t sink under the weight of her proposed 2% wealth tax, which she has hashtagged the #UltraMillionaireTax. (Basically a 2% tax on assets over $50 million — the yacht set, indeed.) Lots of people who don’t like Warren’s plan much point out that Snyder will not only pay some hefty sales tax on that yacht, but also employ lots of people to work on and maintain it. Warren’s defenders think Snyder can afford to do both.
This billionaire NFL owner just paid $100M for a “superyacht” with its own iMax theater. I’m pretty sure he can pay my new #UltraMillionaireTax to help the millions of yacht-less Americans struggling with student loan debt. https://t.co/Gk4ifAkxdT
— Elizabeth Warren (@ewarren) January 26, 2019