Elizabeth Warren on Crypto and Wealth Tax: ‘Yes, Jeff Bezos, I’m looking at you’

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 28 July 2021

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sen. Elizabeth Warren says she’s skeptical that Bitcoin will prove to be a reliable hedge against inflation over the long run, a key reason some investors choose to own it -- and why she’s warning for tighter regulation, suggesting it will help root out “snake oil salesmen” and may shore up the confidence of investors in the nascent asset class. And, Warren’s tax proposal on the wealth of ultra-millionaires and billionaires garnered a lot of attention from Wall Street during the early days of the 2020 Presidential campaign. In a striking - and at times fiery - exchange, billionaire and Home Depot founder Ken Langone joins the Squawk Box gang to discuss the possible policy’s impact on the richest of rich Americans. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squawk Pod. I'm the NBC producer Katie Kramer.
0:08.0	Today on our podcast.
0:10.0	Senator Elizabeth Warren, the Massachusetts Democrat, is urging regulators to address possible threats in the crypto market.
0:16.7	I don't want to wait until a whole lot of people, a whole lot of small investors, a whole lot of small traders have been completely wiped out.
0:25.4	Warren is also reigniting her push for a tax on the wealth of the richest Americans.
0:31.0	Yes Jeff Bizos, I'm looking at you.
0:33.9	And that would include billionaire investor and Home Depot founder, Ken Lango.
0:37.8	My government told me you pay your taxes and what's left is yours to do what you want with.
0:43.0	Whatever form you have your assets, diamonds, yachts, paintings,
0:48.0	I think there ought to be a tax on that.
0:51.0	That conversation on the podcast today, you don't want to miss it. It's Wednesday July 28th
0:56.9	2021 squawk pod begins right now. Stand under by and three two one.
1:03.2	Q Andrew.
1:04.2	Good morning and welcome to Squackbox right here on
1:06.8	on cnB. I'm Andrew Ross,
1:08.0	sorcking along with Joe Kernan and Morgan Brennan in for Becky Quick this week.
1:12.1	It is Fed Day and all eyes will be on federal,
1:16.6	I'm totally having a brain far right now
1:18.0	because it's very early on Fed officials
1:19.9	this afternoon when we get that PAL conference
1:22.0	and of course any guidance on
	...

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