The rhetoric of class and inequality is back in force, and Massachusetts Senate candidate Elizabeth Warren — the standard-bearer for a combative new progressivism — made the case to MSNBC’s Lawrence O’Donnell last night that members of the Senate shouldn’t own stock. “I realize there are some wealthy individuals – I’m not one of them, but some wealthy individuals who have a lot of stock portfolios” she told him.
Hard to see how Warren wouldn’t be, by most standards, wealthy, according to the Personal Financial Disclosure form she filed to run for Senate shows that she’s worth as much as $14.5 million. She earned more than $429,000 from Harvard last year alone for a total of about $700,000, and lives in a house worth $5 million.

Elizabeth Warren Says She’s Not In The 1%

Shame on BuzzFeed for the misleading headline—Warren denied owning stock portfolios, not that she was in the 1%.  But shame on Warren for trying to clarify the mess above by stating that she owned only “mutual funds” and not a “broad portfolio of stocks,” when mutual funds are a broad portfolio of stocks.

Source: BuzzFeed

27 Notes/ Hide

  1. alsson reblogged this from shiracoffee
  2. shiracoffee reblogged this from jeffmiller
  3. fatmanatee said: maybe she’s denying that she owns LOTS of stock portfolios? with that much money, it’s hard not to have a portfolio.
  4. jasencomstock reblogged this from markyd
  5. markyd reblogged this from jasencomstock
  6. jasencomstock reblogged this from jeffmiller
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