IT BEGINS: Elizabeth Warren Introduces ‘ACCOUNTABLE CAPITALISM ACT’

Posted by mminnick 6 years, 8 months ago to Politics
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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'.


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  • Posted by $ rainman0720 6 years, 8 months ago in reply to this comment.
    +1 for teaching me that there are degrees of stupid; I always thought stupid was an absolute. You're right, I was wrong; her ideas are idiotically stupid.
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  • Posted by $ rainman0720 6 years, 8 months ago in reply to this comment.
    I've often joked that if I could get the publicity required, I would run for public office on one platform only: Congress and the rest of the United States Government would be required to live under, and abide by, the same laws they pass for us common folk.

    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.
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  • Posted by ycandrea 6 years, 8 months ago in reply to this comment.
    Cannot quote and understand every line and verse of the original founding US Constitution.
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  • Posted by strugatsky 6 years, 8 months ago in reply to this comment.
    Precisely. There was no point and no incentive to invest in American businesses. That's the reason for payouts; otherwise, companies prefer to re-invest.
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  • Posted by chad 6 years, 8 months ago
    The ability to turn America back to the idea of liberty is gone. That she could sponsor such a bill and have congress not throw her out for doing so indicates there are no representatives who consider the constitution and its limits on powers of the government relevant.
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  • Posted by Solver 6 years, 8 months ago
    Of course, accountable political cronyism will be exempt.
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  • Posted by NealS 6 years, 8 months ago in reply to this comment.
    (7) introduced any legislation that exempts self from own laws. (I got the idea from below).

    "Accountable Capitalism" is a complete oxymoron.

    (8) votes for Elizabeth Warren or anything she proposes.
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  • Posted by $ blarman 6 years, 8 months ago
    So just why exactly did those companies in the 1980's re-invest in their employees? Because business was booming and the labor market was tightening, meaning that employers had to compete for workers. What happened in 2007 through 2016? Socialist tax and spend policies which depressed business, increased unemployment, and prevented businesses from re-investing. This bill is a staggering example of "let no crisis go to waste" AND an unintentional admission of just how bad the economic policies of Obama and the leftists are!
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  • Posted by $ allosaur 6 years, 8 months ago
    How, palefaces. Ugh, kemo sabes, me talk. You listen up.
    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!
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  • Posted by exceller 6 years, 8 months ago
    That photo of her may have been taken from the logs of a mental institution: demonstrating what a demented person's typical facial expressions are.

    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.
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  • Posted by exceller 6 years, 8 months ago in reply to this comment.
    Yes. Congress has an expertise in protecting itself, or in better term, push its own interest before anybody else's. See the Obamacare exemptions.
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  • Posted by freedomforall 6 years, 8 months ago in reply to this comment.
    That is why democracy always fails, and the founders of America designed the constitution not to have universal suffrage. Economic slaves and other ignorant voters do not consider the long term effects.
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  • Posted by 6 years, 8 months ago in reply to this comment.
    This is a good idea. Just one problem, Congress almost always exempts itself from it's own laws. This bill would cry out for them to do so.
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  • Posted by mccannon01 6 years, 8 months ago
    She's just showing her true fascist colors. Her edict would mean these companies are not capitalistic anymore. I'd say the title "Accountable Capitalism Act" is really Newspeak for what is actually the "Big Brother Fascism Edict".
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    Posted by freedomforall 6 years, 8 months ago
    An "accountable government act" would be a better idea. Firing squad for any and every politician who

    (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. ;^)
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  • Posted by DeangalvinFL 6 years, 8 months ago
    And she is "mainstream". Yikes.

    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.
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  • Posted by j_IR1776wg 6 years, 8 months ago
    The strength of the Marxists is consistency. Theodore Roosevelt in 1903 said “I have always believed that it would be necessary to give the National Government complete power over the organization and capitalization of all business concerns engaged in inter-state commerce.” Senator Warren clearly wants to be the "complete power" We have no one effectively arguing for laissez-faire capitalism. Ayn Rand maybe but she's dead.
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