Pocahontas's Bold New Attack On Economic Liberty

[Quetzal]

Hmm, a good question to ask ourselves is what business would this impact? Also, I think others have mentioned, what is to stop that $1bn company from "restructuring" into four $250m company?

 

[BSM1]

Clearly there are. But Trump has form on this, Obama's birth certificate - it was all hogwash.

Just a side note, the birth certificate hogwash was started by the Clinton campaign to cast aspersions and doubt on another Democrat candidate; I'll not mention names.

 

[Revoltingest]

As I said previously it forces corporations to become a cooperatives rather than public (stock) by government force. Do note in the linked Act (previous post of mine) the Act fines businesses to revoking licenses for those that do not sign up. Another government gun to people's head.

A politician with academic but no business experience has
the luxury of imposing her untested beliefs upon others..
People who run businesses know better than to let the
employees have control.

 

[Revoltingest]

Hmm, a good question to ask ourselves is what business would this impact? Also, I think others have mentioned, what is to stop that $1bn company from "restructuring" into four $250m company?

Government would no doubt create a byzantine system to prevent that.
Businesses would continually seek ways around it, & government would
continually try to curb that. Only the lawyers would get rich from this.

 

[Revoltingest]

Today is Saturday - Is it a Bill yet?



Where, in the Bill, does it say the government must hand over much of business management to the vast unwashed masses?

Please quote the actual contents of the Bill, not someone's interpretation of it.

I give my interpretation of what I read about her proposal..
I don't have access to a copy of the bill.

 

[Quetzal]

I don't have access to a copy of the bill.

Even if you did, would you read it in full? I don't think I would.

 

[Revoltingest]

Even if you did, would you read it in full? I don't think I would.

Depends upon how long & impenetrable it might be.
But I'd expect only portions to be significant.

 

[ecco]

I give my interpretation of what I read about her proposal..

Yes, I gathered it was your interpretation of what you read about it. That's why I asked for actual quotes from the Bill.

 

[Milton Platt]

Like the title?
Gotta have some fun while generating some interest in Elizabeth Warren's apparent
bid to out-socialist the socialist Brernie in her bid for the 2020 presidential race.

In the news....
Elizabeth Warren unveils bold new plan to reshape American capitalism
.... the Massachusetts senator tipped as a Democratic presidential candidate in 2020, has unveiled new plans for legislation aimed at reining in big corporations, redistributing wealth, and giving workers and local communities a bigger say.

Warren will introduce the bill dubbed the Accountable Capitalism Act on Wednesday. The proposal aims to alter a model she says has caused corporations to chase profits for shareholders to the detriment of workers.

Under the legislation, corporations with more than $1bn in annual revenue would be required to obtain a corporate charter from the federal government – and the document would mandate that companies not just consider the financial interests of shareholders.

Instead, businesses would have to consider all major corporate stakeholders – which could include workers, customers, and the cities and towns where those corporations operate.

So I can see corporations spinning off pieces of themselves when they hit the magic number, or reincorporating overseas, maybe. I'm a tiny bit socialist, but don't swallow the whole pig.
Corporations have a fiduciary responsibility to the shareholders to maximize profits while remaining within the guidelines of the law. In this case, the government would be wanting corporations to do something that the government itself has proved incapable of doing.

 

[Revoltingest]

Yes, I gathered it was your interpretation of what you read about it. That's why I asked for actual quotes from the Bill.

Here's what often happens in the real world.....
- Something appears in the news about a politician's proposal.
- The full text of the proposal isn't available to us, but some of it is quoted.
- We opine about what's presented.
Would you say we shouldn't opine about what's presented, even if incomplete?
Do you believe that what appears so far is erroneous?

 

[ecco]

Here's what often happens in the real world.....
- Something appears in the news about a politician's proposal.
- The full text of the proposal isn't available to us, but some of it is quoted.
- We opine about what's presented.
Would you say we shouldn't opine about what's presented, even if incomplete?
Do you believe that what appears so far is erroneous?

A sample of the bill is available online. After interpreting what you read about the Bill, you could have made the effort to actually read it.

You remind me of an instance around the time of Obama's second term. Some right wing conservative "acquaintances" on Facebook were all in a lather - Obama is pushing a Bill to allow him to run for a third term - .

It took about 10 minutes for me to find the facts. A Republican Congressman had introduced a Bill to allow presidents to run for a third term, just as he had done every year for a dozen years before Obama ever got elected.

Reading about something isn't the same as actually reading something.

 

[Revoltingest]

A sample of the bill is available online. After interpreting what you read about the Bill, you could have made the effort to actually read it.

Instead of complaining about it, you could link it for us all.

You remind me of an instance around the time of Obama's second term. Some right wing conservative "acquaintances" on Facebook were all in a lather - Obama is pushing a Bill to allow him to run for a third term - .

You seem to imply that I'm in error about what I linked & posted.
But you won't come out & say that.
Are you trying to say that?
Or are you deflecting from the issue in the OP?

 

[Willamena]

Just a side note, the birth certificate hogwash was started by the Clinton campaign to cast aspersions and doubt on another Democrat candidate; I'll not mention names.

That's yet another conspiracy theory.

From Wikipedia:
"From the start of March 2008, rumors that Obama was born in Kenya before being flown to Hawaii were spread on conservative websites, with the suggestion that this would disqualify Obama from the presidency. In April of that year, anonymous e-mails from supporters of Hillary Clinton repeated the same rumor,[31] including a Clinton Iowa campaign worker, who was fired for sending the e-mail."

 

[ecco]

Instead of complaining about it, you could link it for us all.

I'm not complaining about it. If it becomes a BIll I'll read it and post a link.

You seem to imply that I'm in error about what I linked & posted.
But you won't come out & say that.
Are you trying to say that?

Did you say something about the great unwashed running Corporations or was that someone else?

 

[Revoltingest]

Did you say something about the great unwashed running Corporations or was that someone else?

That is Warren's stated intent...as restated by me.
Government & employees are the vast unwashed masses.
She intends their having more control.
If you want to argue against this, try doing so more directly instead of merely hinting at it.

 

[BSM1]

That's yet another conspiracy theory.

From Wikipedia:
"From the start of March 2008, rumors that Obama was born in Kenya before being flown to Hawaii were spread on conservative websites, with the suggestion that this would disqualify Obama from the presidency. In April of that year, anonymous e-mails from supporters of Hillary Clinton repeated the same rumor,[31] including a Clinton Iowa campaign worker, who was fired for sending the e-mail."

I rest my case. Thank you for confirming that Trump did not start this birther brouhaha. By the way, the Clinton's are masters at covering their tracks so why should it surprise anyone that they cleared themselves of any dirty tricks concerning Obama (or Bernie Sanders, for that matter)?

 

[Shad]

A politician with academic but no business experience has
the luxury of imposing her untested beliefs upon others..
People who run businesses know better than to let the
employees have control.

Academics have done this for decades. Ivory tower syndrome.

 

[Shad]

The Act has been linked already. People should really read it.

 

[Willamena]

I rest my case. Thank you for confirming that Trump did not start this birther brouhaha.

He's not clever enough to have started it, but just clever enough to have bought into it.

 

[BSM1]

He's not clever enough to have started it, but just clever enough to have bought into it.

Allllrighty then....