Last month, Democratic presidential hopeful Elizabeth Warren proposed an annual tax on the largest fortunes in America, with some of the cash generated by the tax being funneled into the IRS to catch dodgers who move or hide their money to escape the tax.
Howard Schultz, the Starbucks billionaire and aspiring independent presidential candidate, tweeted a link to a column describing Democrat candidates Elizabeth Warren and Kamala Harris as "fauxcahontas" and "shrill" respectively. Then he deleted the tweet.
— Read the rest"Thank you @Rogerlsimon for a thoughtful analysis of what's possible.
Following recommendations set out in Thomas Piketty's landmark Capital in the 21st Century, would-be Democratic 2020 presidential candidate Elizabeth Warren has proposed a 2% annual tax on household wealth over $50,000,000, with an additional 1% annual tax on household wealth over $1,000,000,000, which would bring in $1.9-$2.75 trillion over the first decade (about 1% of US GDP).
Senator Elizabeth Warren has introduced a bill called the Affordable Drug Manufacturing Act, which allows the US government to manufacture generic versions of drugs "in cases in which no company is manufacturing a drug, when only one or two companies manufacture a drug and its price has spiked, when the drug is in shortage, or when a medicine listed as essential by the World Health Organization faces limited competition and high prices."
Alert the media. President Donald Trump has lied again.
Trump always gets a laugh from his very fine deplorables when he calls Elizabeth Warren "Pocahontas." A recent DNA test revealed that Warren has Native American ancestry. "The analysis of Warren's DNA was reportedly done by Carlos D. Bustamante, a Stanford University professor, and shows that she had a Native American in her family tree dating back six to 10 generations," reports the Daily Beast. — Read the rest
Newt Gingrich's 1995 Republican Revolution dismantled all the expert departmentsand bureaus that Congress depended on to make sense of the world, making lawmakers dependent on corporate lobbyists to advise them on everything from pollution to food safety to military technology to mass surveillance — nearly 25 years later, Washington DC is a literal and figurative swamp, and only 18% of Americans say they trust Congress.
President Elizabeth Warren (2020-2028) has proposed the Accountable Capitalism Act, which will subject US corporations with $1B/year or more in revenue to the "German model" of corporate governance, in which workers get board-seats and financial decisionmaking must take into consideration the impact that decisions will have on "stakeholders" including workers, investors, suppliers, retailers, and residents near plants or facilities.
As vulture capitalists and profiteers circle the devastation in America's hurricane-struck island colonies, the Trump administration has nothing for them but more loans to pile onto their existing, crippling debt (even as affected mainland cities where more white people live get direct government aid).
Former Democratic National Committee Chairwoman Donna Brazile has published an excerpt from her forthcoming book, confessing that the scandal-haunted, disgraced former DNC chairwoman Debbie Wasserman Schultz "let Clinton's headquarters in Brooklyn [manage the Democratic Party] it desired so she didn't have to inform the party officers how bad the situation was."
It's "single payer" and not "universal health care" and there some potential structural pitfalls in this incarnation, but Sanders, Warren and the two dozen progressive and health activist groups who've backed this proposal are planting a flag and declaring that healthcare is not something that markets can provide — it's the duty and right of civilized states to protect the health of the people who live in their borders.
On the Senate floor tonight, an extraordinary event. Senator Mitch McConnell (R-KY) led a vote in which 49 GOP Senators chose to silence Senator Elizabeth Warren (D-MA) for reading aloud the words of Coretta Scott King, civil rights activist and the wife of slain civil rights leader Dr. — Read the rest
After Wells Fargo CEO John Stumpf recited a drawn-out No True Scottsman Fallacy disguised as a hollow apology at the Senate Banking Committee's Wells Fargo hearing, senator Elizabeth Warren tore into him.
From CNN:
— Read the restWarren slammed Stumpf for failing to fire any senior executives linked to the scandal, while Wells Fargo's aggressive sales tactics helped pump up the bank's stock price.
When FBI Director James Comey released detailed notes on the Bureau's investigation into Hillary Clinton's email server, they broke with precedent, specifically, their refusal to release documents explaining why they totally failed to prosecute any of the bankers responsible for tanking the US economy in 2008 and destroying the lives of millions of Americans.
Elizabeth Warren is on fire in this speech at a New America Open Markets conference on monopolies this week in DC; Senator Warren is pitiless, lucid and laser focused on the way that corruption creates monopolies, and monopolies suborn corruption.
After Elizabeth Warren accompanied Hillary Clinton today on the campaign trail in Cincinnati, Ohio, former Massachusetts Senator Scott Brown brought up the ol' not-a-Cherokee routine once again.
Brown said on a call with the RNC that Warren was not Native American, an accusation he's recycled since 2012, when the two were both vying for the same senator seat. — Read the rest
Trump's new relationship with the teleprompter didn't last long. Yesterday he gave a free-form speech at a rally in Richmond, Virginia where he repeatedly referred to Elizabeth Warren as "Pocahontas," an attempted jab at her for saying she has Native American ancestry.
In Rigged Justice: 2016
How Weak Enforcement Lets
Corporate Offenders Off Easy, a 12-page booklet, Senator Elizabeth Warren documents corporations that were caught undertaking grossly fraudulent, highly profitable actions, and were made to pay a trivial fraction of those profits in fines — fines become a part of the cost of doing business, not a deterrent to criminal behavior.
There were 800 convictions in the S&L crisis, but the DOJ hasn't prosecuted a single banker involved in the financial crisis; as Matt Taibbi points out in the brilliant, essential book The Divide, if shutting down a huge bank would impose too many costs on society, then why don't prosecutors insist that the banks be split up as a condition of not dropping the entire C-suite into the deepest dungeon in the nation?
