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Democratic Socialist Rana Abdelhamid Takes on a New York Incumbent


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As of Wednesday, another long-entrenched congressional Democrat will be facing a challenge from the left, in a wave that has been building over the past few years. Rana Abdelhamid, a nonprofit leader and community organizer, announced that she’s taking on Democratic Representative Carolyn Maloney in New York’s 12th Congressional District primary, the second primary challenge unveiled by Justice Democrats for the 2022 cycle, after Nashville’s Odessa Kelly. ....

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Elizabeth Warren Finally Got To Introduce Her Long-Awaited Tax on Billionaires


By Vivian KaneMar 1st, 2021, 6:07 pm
Elizabeth Warren ran her presidential campaign on a number of platforms (a plan for everything, after all) but one of her core ideas was the promise of implementing a “wealth tax” on American billionaires. Now that Warren is on the Senate Finance Committee, she’s back in a position to push for the tax.
Warren introduced that legislation Monday, which would apply a 2% tax to a person’s net worth, starting after the $50 million mark. So if a person is worth $50 million and one dollars, they pay just two cents, and two more cents for every dollar up to $1 billion, at which point, they have to start paying an extra penny per dollar. Back during her campaign, this proposal was enough to make some billionaires break down in actual tears. ....

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