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Nov. 25, 2019, 5:27 p.m. EST

New ad claims Bernie Sanders, Elizabeth Warren and Alexandria Ocasio-Cortez want to punish success

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By Shawn Langlois, MarketWatch


Getty Images
Democratic presidential candidate Sen. Bernie Sanders appears beside Rep. Alexandria Ocasio-Cortez.

Spare a thought for the billionaires? The very richest among us have been getting smacked around by the likes of presidential hopefuls Elizabeth Warren and Bernie Sanders during this contentious run-up to the 2020 election, and the Employment Policies Institute, a Washington-based conservative think tank, has had enough:

‘The wealthy Americans they attack created world-changing technologies, entertainment empires, millions of middle-class jobs and funded countless charitable endeavors. The American dream shouldn’t punish success.’

That’s just a snippet from a new ad airing Monday that defends billionaires with flashing images of Berkshire Hathaway’s /zigman2/quotes/208872451/composite BRK.A +1.54% Warren Buffett, Facebook /zigman2/quotes/205064656/composite FB +3.50% CEO Mark Zuckerberg and Amazon /zigman2/quotes/210331248/composite AMZN +1.94% founder Jeff Bezos, among others.

The message seems to be in direct response to the “Elizabeth Warren Stands Up to Billionaires” ad from a week ago that took aim at Leon Cooperman, Lloyd Blankfein, Joe Ricketts and Peter Thiel.

Warren’s proposal would levy a 2% tax on individuals worth more than $50 million and a 6% tax on those worth more than $1 billion. Bernie Sanders’s plan would be even more costly for billionaires.

Watch the full ad from the conservative group:

/zigman2/quotes/208872451/composite
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$ 437,260
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Volume: 2,091
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P/E Ratio
6.63
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N/A
Market Cap
$664.58 billion
Rev. per Employee
$681,972
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/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 315.94
+10.68 +3.50%
Volume: 19.25M
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27.03
Dividend Yield
N/A
Market Cap
$895.84 billion
Rev. per Employee
$1.47M
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/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,222.90
+61.43 +1.94%
Volume: 3.33M
May 14, 2021 4:00p
P/E Ratio
61.33
Dividend Yield
N/A
Market Cap
$1625.39 billion
Rev. per Employee
$297,430
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Shawn Langlois is an editor and writer for MarketWatch in Los Angeles. Follow him on Twitter @slangwise.

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