TPM2012

Elizabeth Warren On ‘Class Warfare’: There Is Nobody Who Got Rich On His Own (VIDEO)

Elizabeth Warren, former Special Advisor to the Secretary of the Treasury for the Consumer Financial Protection Bureau

Former White House financial reform adviser Elizabeth Warren, who is now running to challenge Republican Sen. Scott Brown in Massachusetts, is turning out to be one Democrat who is not shying away from the Republican cries of “class warfare” against President Obama’s proposals to raise taxes on those with very high incomes — instead offering up a full-throated rebuttal about the benefits that the wealthy were able to obtain from society at large, and the need to give something back.

In a video of a recent Warren appearance, posted online by an individual who says he or she is not affiliated with the campaign, Warren answered the charge. “I hear all this, you know, ‘Well, this is class warfare, this is whatever,’” Warren said. “No. There is nobody in this country who got rich on his own — nobody.

“You built a factory out there? Good for you. But I want to be clear. You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police-forces and fire-forces that the rest of us paid for. You didn’t have to worry that marauding bands would come and seize everything at your factory — and hire someone to protect against this — because of the work the rest of us did.

“Now look, you built a factory and it turned into something terrific, or a great idea. God bless — keep a big hunk of it. But part of the underlying social contract is, you take a hunk of that and pay forward for the next kid who comes along.”

2012, Elizabeth Warren, MA-SEN, Senate
Eric Kleefeld

Eric Kleefeld joined TPM as an intern for the final months of the 2006 midterm elections, and then kept showing up for work. His other interests include guitars, old comic books and the politics of various English-speaking countries.

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