IT BEGINS: Elizabeth Warren Introduces ‘ACCOUNTABLE CAPITALISM ACT’
From the Post:
"Firebrand Senator Elizabeth Warren introduced new legislation this week; unveiling her ‘Accountable Capitalism Act’ that seeks to make the nation’s largest companies “more accountable” to local communities than “shareholders.”
Warren revealed her potential 2020 campaign promise in an op-ed published by the Wall Street Journal, where the left-wing legislator slammed the country’s biggest corporations for not treating their employees as “priorities.”
"That shift has had a tremendous effect on the economy," she wrote. "In the early 1980s, large American companies sent less than half their earnings to shareholders, spending the rest on their employees and other priorities."
"But between 2007 and 2016, large American companies dedicated 93% of their earnings to shareholders," Warren added..."
A couple of points that I don't think need stating but I'm going to anyway.
1. The dates she specifies were the last year of Bush 43 and all of Obama.
2. Share Holders put their money at risk in order to make money. Employees agree to work for a specific wage package with or without bonus. pSmart companies give good wage packages]
3. Communities receive taxes from companies and its employees in return for services rendered.
The three involved actors (Company, workers and community) all receive benefit from this arrangement. All are free to cancel the arrangement at any time. Forcing one component to do more than it's fair share cause the whole system to breakdown.
Yes I know there have been and some remain abuses of the system by companies, the workers and the communities. In these cases all suffer and eventually pass away, even the communities'.
"Firebrand Senator Elizabeth Warren introduced new legislation this week; unveiling her ‘Accountable Capitalism Act’ that seeks to make the nation’s largest companies “more accountable” to local communities than “shareholders.”
Warren revealed her potential 2020 campaign promise in an op-ed published by the Wall Street Journal, where the left-wing legislator slammed the country’s biggest corporations for not treating their employees as “priorities.”
"That shift has had a tremendous effect on the economy," she wrote. "In the early 1980s, large American companies sent less than half their earnings to shareholders, spending the rest on their employees and other priorities."
"But between 2007 and 2016, large American companies dedicated 93% of their earnings to shareholders," Warren added..."
A couple of points that I don't think need stating but I'm going to anyway.
1. The dates she specifies were the last year of Bush 43 and all of Obama.
2. Share Holders put their money at risk in order to make money. Employees agree to work for a specific wage package with or without bonus. pSmart companies give good wage packages]
3. Communities receive taxes from companies and its employees in return for services rendered.
The three involved actors (Company, workers and community) all receive benefit from this arrangement. All are free to cancel the arrangement at any time. Forcing one component to do more than it's fair share cause the whole system to breakdown.
Yes I know there have been and some remain abuses of the system by companies, the workers and the communities. In these cases all suffer and eventually pass away, even the communities'.
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I know I'd be assassinated as soon as my campaign ads hit the air; there would be 534 other members of Congress that couldn't allow me to get beyond that 1st ad, let alone be on the ballot in November.
"Accountable Capitalism" is a complete oxymoron.
(8) votes for Elizabeth Warren or anything she proposes.
What Woo--Woo-Warren heap big wanna do is socialist make big white company chiefs spend money, time and energy on sacred cows that do no make a profit.
Me go now to chase a buffalo. Aye-yee-yee-yee-yee-yee! Hi, ho, Honda! Away!
She probably took this idea from Google: employees are already dictating there what the corporation can or cannot do.
It must be a nightmare for any normal person to work there, among the lunatic left.
(1) does not do what he promises,
(2) lies about anything to the American people,
(3) votes on any bill that he hasn't read and/or can't correctly answer a quiz about its content,
(4) votes for any bill with any provision that exceeds the original intent of the US constitution,
(5) stays in office longer than 8 years,
(6) leaks any inside information to anyone.
Please add your favorites. ;^)
We are losing the battle of ideas - hate to say it. What do we Gulcher's have to counter? Name calling, or she's wrong, or let me explain the fundamentals of Economics to you over the next ten hours, or please take a few months to read Atlas Shrugged, then you wont fall for her nonsense.
Her ideas are idiotically stupid and there are a LOT of people out there who know it is nonsense. But far too many welcome her statements as truth. It sure sounds good.
They only need 51% of the vote to "win". The real truth won't win the day by itself. We must try harder and more intelligently in our communications to actually reach the general public.