In his 4th NY City fundraiser in 24 hours, 2020 hopeful Joe Biden promised Wall Street “fat cats” he would not target them.
“Remember, I got in trouble with some of the people on my team, on the Democratic side, because I said, you know, what I’ve found is rich people are just as patriotic as poor people. Not a joke. I mean, we may not want to demonize anybody who’s made money.”
Breitbart reported that former Vice President Joe Biden attended a fundraiser with Wall Street donors during President Donald Trump’s campaign kickoff rally in Florida on Tuesday.
It was the fourth New York City fundraiser for Joe Biden in about 24 hours.
The fundraiser was hosted by Eric Mindich, the CEO of Eton Park Capital Management with about 100 donors including Stephen Scherr, the executive vice president and chief financial officer of Goldman Sachs, H. Rodgin Cohen the senior chairman at Sullivan & Cromwell as well as former Clinton and Obama officials.
Meanwhile, fellow Democrats are criticizing Biden for taking money from big donors.
Watch the video:
Former Vice President Joe Biden told affluent donors Tuesday that he wanted their support and — perhaps unlike some other Democratic presidential candidates — wouldn’t be making them political targets because of their wealth.
“Remember, I got in trouble with some of the people on my team, on the Democratic side, because I said, you know, what I’ve found is rich people are just as patriotic as poor people. Not a joke. I mean, we may not want to demonize anybody who’s made money,” Biden told about 100 well-dressed donors at the Carlyle Hotel on New York’s Upper East Side, where the hors d’oeuvres included lobster, chicken satay and crudites.
“Truth of the matter is, you all know, you all know in your gut what has to be done,” Biden said. “We can disagree in the margins. But the truth of the matter is, it’s all within our wheelhouse and nobody has to be punished. No one’s standard of living would change. Nothing would fundamentally change,” he said.
Former Clinton Treasury Secretary Robert Rubin and former Deputy Treasury Secretary Roger Altman, both of whom spent decades on Wall Street, were among the attendees at the event.
Invoking Vermont Senator Bernie Sanders’s goal of political “revolution,” Biden suggested that he would be the antidote by making marginal changes that would improve the lives of working and middle class Americans without slapping onerous taxes on the rich.
“When you have income inequality as large as we have in the United States today, it brews and ferments political discord and basic revolution,” he said. Also perhaps hinting at President Donald Trump he continued: “It allows demagogues to step in” and blame what’s wrong in voters’ lives on “the other.”
“You’re not the other,” Biden told the assembled group, most of whom were wearing suits. “I need you very badly.”