VIDEO: Home Depot Co-Founder Blasts ‘Phony’ Elizabeth Warren’s Wealth Tax
Home Depot co-founder Ken Langone on Thursday reacted to Democratic presidential candidate Sen. Elizabeth Warren’s (D-MA) plan to tax the wealthy.
During the Democratic presidential debate on Wednesday, Warren said she is “tired of free-loading billionaires,” adding they need to pay more.
“She can call me whatever she wants, she’s a phony,” Langone told “Fox & Friends. “She’s a liar — we know that. We know she’s a liar. A horrible liar.”
On Warren’s plan to tax the wealthy, he outlined, “Look, it’s been tried before. It doesn’t work. OK? What do they say about insanity? It’s when you do the same thing twice and expect different results.”
Langone expounded on his “phony” comments, saying Warren was “created by the media.”
“She’s worth $18 million dollars,” he stated. “All I want her to do — I don’t want to see her tax returns [because] they’d make me sick because she does nothing to make it.
All I’d like to see is how much money has she and her husband given to charity over the years, as a percentage of their income or as a percentage of their net worth.”
Langone also said it’s human nature for others to be jealous of people’s success and claimed he’s been mischaracterized by those who envy his wealth.
“Human nature is alive and well. And one of the seven deadly sins is envy,” he said. “Part of what happens to somebody like me that becomes successful, very successful, my old man used to say to me, ‘You want to be successful, but not too successful.’ This is an 8th-grade education man, OK? He had wisdom beyond his words.
“That’s part of the price,” Langone added. “That’s OK. People want to think that I’ve made my money by ripping them off. — people want to think that I’ve exploited people? I can’t stop that.”