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Warren embraces Thiel label: 'Good'

Warren embraces Thiel label: 'Good'
© Aaron Schwartz

Sen. Elizabeth WarrenElizabeth WarrenOn The Money: Biden to nominate Yellen for Treasury secretary | 'COVID cliff' looms | Democrats face pressure to back smaller stimulus Biden to nominate Janet Yellen as Treasury secretary: report Bottom line MORE (D-Mass.) embraced the title of most "dangerous" 2020 Democrat, bestowed on her Monday night by billionaire venture capitalist Peter Thiel.

"Good," Warren tweeted in response Tuesday.

Thiel, an adviser to President TrumpDonald John TrumpBiden team wants to understand Trump effort to 'hollow out government agencies' Trump's remaking of the judicial system Overnight Defense: Trump transgender ban 'inflicts concrete harms,' study says | China objects to US admiral's Taiwan visit MORE, told Fox News's Tucker CarlsonTucker CarlsonMore conservatives break with Trump over election claims Ex-AG Holder urges GOP to speak against Trump efforts to 'subvert' election results The Hill's 12:30 Report - Presented by Capital One - Pfizer, BioNTech apply for vaccine authorization MORE Monday that out of the crowded Democratic primary field, he is "most scared" by Warren

"I think she’s the one who’s actually talking about the economy, which is the only thing that I think matters," Thiel said. 

Warren proposed a plan to break up big tech companies which she said have gained "too much power over our economy, our society, and our democracy."

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She was the first major 2020 Democratic presidential candidate to call for breaking up Sillicon Valley giants such as Facebook, Google and Amazon. 

The progressive candidate has also set herself a part from her challengers, such as Sen. Bernie SandersBernie SandersFive House Democrats who could join Biden Cabinet Biden names John Kerry as 'climate czar' in new administration In the final chapter of 2020, we must recommit to repairing our democracy MORE (I-Vt.), by rejecting a "socialist" label. 

Warren has repeatedly called herself a capitalist, but has said that capitalism needs rules.

She's proposed an "ultra-millionaire tax" which would apply a 2 percent tax annually on net worth between $50 million and $1 billion, and a 3 percent tax on net worth above $1 billion.

Warren says the revenue from the tax on the wealthiest class could help fund different programs including child care, student loan debt relief and bringing down the cost of health care.