Thomas Piketty explains how Elizabeth Warren's wealth tax is American as apple pie

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. Read the rest

Elizabeth Warren proposes Thomas Piketty-style annual wealth tax

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). Read the rest

Elizabeth Warren's new bill: let the US government manufacture generic versions of overpriced, unavailable drugs

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." Read the rest

Trump denies promising $1M to Elizabeth Warren's charity pick if DNA test proved Native American ancestry

Alert the media. President Donald Trump has lied again. Read the rest

2018's Blue Wave needs to take down Trump, and the right-wing establishment of the Democratic Party

California's Democratic Governor Jerry Brown repeatedly vetoed universal healthcare after the state legislature voted it through; Democratic state majorities in NY, CT and NJ refused to enact legislation to close the "carried interest" tax loophole that makes billions for hedge-fund managers; Rhode Island Democrats went on a slashing spree, taking down pensions for teachers, firefighters and other public servants while the finance-affiliated state treasurer funneled the pension funds into her pals' underperforming hedge funds; Democrats in NJ gutted the tax bill to give millionaires an easy ride; New York Democrat Governor Andrew Cuomo shut down the state anti-corruption commission, only to have his top aide busted for being horrifically corrupt. Read the rest

The Democratic Party is surging thanks to leftist policies, but its leadership are convinced they have to stop it

There's one thing that Democratic and Republican leaders agree on: that left-wing policies like Medicare for all are bad news for the Democratic policy -- the only people who disagrees with them are voters, who overwhelmingly support these policies. Read the rest

Elizabeth Warren's anti-corruption bill bans foreign lobbyists, subjects domestic lobbyists to strong oversight

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. Read the rest

Elizabeth Warren wants to save capitalism from itself

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. Read the rest

None of the Above won the 2016 election

Pew's latest very detailed survey of voting patterns in 2016 goes the extra mile, by validating whether recipients actually cast a ballot, thus forming a picture of who voted, who didn't, and what policies nonvoters favored. Read the rest

Marijuana: Warren/Gardner legalization bill would let each state 'determine for itself'

US Sen. Elizabeth Warren announced today that she will hold a press conference Thursday on Capitol Hill to unveil a marijuana legalization bill she is co-sponsoring with Sen. Cory Gardner (R-CO). Read the rest

Republicans and Trump kill anti-wage-theft rule, will funnel your taxes to companies that rob and endanger workers

The Obama-era Fair Pay and Safe Workplaces rule was intended to prevent companies with a history of wage-theft and unsafe working conditions from getting federal government contracts; the GOP in the Senate and House passed a bill rescinding this rule and then Trump signed it, eliminating any possibility that companies that endanger and steal from workers will be excluded from receiving your tax dollars. Read the rest

Swing district poll suggests that progressive policies could deliver a 2018 "blue tsunami"

Democratic pollster Celinda Lake surveyed 600 likely voters in 30 "swing" districts (districts that are considered too close to call in the 2018 midterms), along with 300 "surge" voters (who are less likely to turn out for the 2018 midterms), and found that a platform that advances policies like "Medicare for all," cheaper prescription drugs, and cracking down on Wall Street would deliver these swing districts for the Democrats. Read the rest

1.7 million viewers tuned into Bernie Sanders' Inequality Town Hall webcast

Back in January, a million people tuned in to Bernie Sanders' town hall on universal health-care; yesterday, 1.7 million people tuned in to watch Sanders, Elizabeth Warren, Michael Moore, and a panel of experts discuss inequality. Read the rest

Wells Fargo admits it ripped off its customers, creates low-response-rate opt-in system for its victims to get paid back

Wells Fargo has admitted wrongdoing in defrauding 110,000 mortgage borrowers, and to make good on it, they're sending out letters that look like junk-mail, containing a form that customers have to fill in to confirm that they want their stolen money back; if Wells doesn't get a reply, it will assume that those customers are donating their settlements back to the bank's shareholders. Read the rest

Wells Fargo's punishment for fake account scandal: no more growth until Fed is "satisfied"

The Federal Reserve has concluded its investigation into Wells Fargo's decades' long practice of pressuring employees to open fraudulent accounts in the names of its customers to inflate its quarterly figures and rack up service charges. Read the rest

Sanders, vindicated: Senior Democrats say the GOP's tax-plan has started a class war, and they're going to fight back on those terms

As the Republicans plow ahead with their plan to transfer trillions of dollars from the poorest Americans to the richest, to the expense of children's health, teachers, grad students, cities, people in populous states, etc, the Democratic party establishment is finally receptive to the idea that America is in the grips of class war, and have openly declared their willingness to fight back in that war. Read the rest

Bernie Sanders and Elizabeth Warren introduce a bill to provide $146B in aid to Puerto Rico and the Virgin Islands

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). Read the rest

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