Biden: We don't need 'socialism'
© Getty Images

Vice President Biden on Wednesday offered criticism of "socialism" during a speech abroad, seemingly a shot at Bernie SandersBernie SandersButtigieg surges ahead of Iowa caucuses Biden leads among Latino Democrats in Texas, California On The Money: Trump appeals to Supreme Court to keep tax returns from NY prosecutors | Pelosi says deal on new NAFTA 'imminent' | Mnuchin downplays shutdown threat | Trump hits Fed after Walmart boasts strong earnings MORE, a self-described democratic socialist and Democratic candidate for president.

Biden made the remark in a keynote address at the World Economic Forum in Switzerland, where he called for "a more progressive tax code" and a strengthening of the middle class.

ADVERTISEMENT
"Keeping billions of dollars in offshore tax havens might be good for your shareholders, but it robs your own country," Biden told those in attendance at the international event.
 
Biden called on corporate executives to shift their tactics and put a greater emphasis on workers, saying a proportionate tax code was a component of restructuring to focus on long-term growth.
 
Sanders often touts "democratic socialism" in his calls for the wealthy to pay their "fair share" in taxes. He is in second place in the Democratic presidential race, 13 percent points behind rival Hillary Clinton in the RealClearPolitics average of national polls.
 
Biden has yet to endorse a candidate. He faced backlash for remarks last week praising Sanders and calling Clinton "relatively new" to the issue of income inequality.