STUART VARNEY (FOX BUSINESS HOST): Socialism means high taxes for everyone. Socialism means the confiscation of wealth. Have you listened to Sen. Elizabeth Warren? We're just going to take it off you. Not a tax, we're just going to take your wealth. Socialism means control of healthcare, Medicare for All, no private insurance.
STEVE DOOCY (CO-HOST): You're making the point why Bernie didn't want to say these things on TV.
VARNEY: Control of education, control of the banks, control of businesses. Government control of everything. Collective control of our society, as opposed to what we've got: Capitalism, individual liberty and freedom.
AINSLEY EARHARDT (CO-HOST): I have heard it described as stealing. You make the money and I will steal it from you.
VARNEY: Yes, I would. I would describe it exactly so. Elizabeth Warren, Sen. Warren wants to take 2% of your wealth over a certain level. You built it up.
DOOCY: Super wealth.
VARNEY: You built it up all your life. You built it up. She wants to take 2% per year right off you. Skim it off the top. It's not a tax, it's confiscation. Just grab -- that's socialism.
