Disney heiress blasts rich people opposing Elizabeth Warren’s wealth tax


Abigail Disney, the heiress to the multi-billion dollar mass media and entertainment conglomerate, supports the wealth tax plan of Democratic senator and presidential candidate Elizabeth Warren.

Disney called rich people who are opposing it as “idiots” during her conversation with CNBC’s Karen Tso at the Women’s Forum in Paris on Thursday.

Disney said, “If you have a billion dollars and (you’re worried you won’t) make a hundred million dollars a year just by sitting on your couch at home, truthfully you’re kind of an idiot. Money just makes money. It’s one of the hardest things in the world not to let it grow.”

Disney doesn’t understand billionaire’s hesitation of Warren’s wealth tax

In addition, she stressed that super rich people must understand the fact that Warren’s tax proposal at two or three percent will not weaken their spending power.

“If it’s a two percent, three percent tax, it will in no way inhibit first of all, your buying power, and second of all, the growth of your buying power. So I don’t understand what the hesitation is around a wealth tax, because it in no way encumbers a person who is already so far past being able to spend that money that could be so much better used,” said Disney.