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Amy E. Price / Getty ImagesSen. Elizabeth Warren during the 2019 SXSW Conference on March 8, 2019. (Amy E. Price / Getty Images)
You may have read about Redskins owner Dan Snyder’s recent purchase of a superyacht. Yes, there are such beasts — presumably larger and more luxurious than your average yacht. This one certainly qualifies: it includes a certified IMAX movie theater, a helipad, four VIP suites and a gym. Sticker price: $100 million.
Predictably, rhetorical spitballs came raining down from the bleachers (or end zone, if you will). Said reviews were not the usual “cultural appropriation/insensitive” indictment lodged by those for whom “Redskins” remains a racist term. Rather, this was all about Snyder’s alleged conspicuous consumption. How dare he purchase a luxury good of such high value?!
The first political spitball was thrown from (you guessed it) senator and presidential candidate Elizabeth Warren. The lady from Massachusetts used the news to promote her proposed 2 percent surcharge on personal fortunes over $50 million. For those of you new to class warfare economics, this would be an additional tariff tacked onto taxes previously paid.
Just in case the voters misread the specific retributive nature of her point, Warren observed that the additional revenue could be used to fund “yacht-less Americans struggling with student loans.” The forlorn yacht-less would then presumably get onboard (excuse the pun) with the Warren for president effort.
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