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WATCH: Elizabeth Warren channels her inner-Barack Obama, lectures wealthy Americans


This year's 'You didn't build that'

Sean Rayford/Getty Images

Democratic presidential contender Sen. Elizabeth Warren (D-Mass.) channeled her inner-Obama on Monday, invoking an argument mirroring the sentiment behind former President Barack Obama's infamous line, "You didn't build that."

Warren's remarks came during a Labor Day stump speech in New Hampshire advocating her wealth tax proposal, which would impose an annual 2 percent tax on households with assets greater than $50 million and a 3 percent tax for households with more than $1 billion in assets.

"Some of these guys say, 'I worked hard. I had a great idea. I worked late' — oh yeah, unlike anybody else. But 'I worked late or inherited wealth, and so this is mine,'" Warren mocked. "And the answer is yeah, you did. You did have a great idea and you did work hard.

"But here's the deal," she continued, "I guarantee you built it at least in part using workers all of us help pay to educate. Yeah. You built it at least in part, getting your goods to market on roads and bridges all of us helped pay to build. Yep. You built it at least in part, protected by police and firefighters all of us help pay their salaries.

"And we are glad to do it. These are the investments we make as Americans," Warren went on to say. "But here's the thing: When you make it big, I mean really big, I mean the top 1/10th of 1 percent big, pitch in two cents so everybody else gets a chance to make it in this country."

Obama ignited controversy during the height of the 2012 presidential campaign after declaring that "wealthy, successful Americans" did not attain their wealth or success on their own accord.

"If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life," Obama said. "If you've got a business — you didn't build that. Somebody else made that happen."

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