Skip to comments.Elizabeth Warren to introduce the 'Accountable Capitalism Act'
Posted on 08/15/2018 8:04:42 PM PDT by Beave Meister
Sen. Elizabeth Warren, D-Mass., will introduce legislation Wednesday aimed at making the nation's largest companies accountable to employees and their local communities, not just shareholders.
In an op-ed for the Wall Street Journal, Warren said companies in the late 20th Century started operating in a way that made them slaves to shareholders.
"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.
She said that change has also prevented large companies from ensuring wage growth kept up with productivity growth.
Dizzy Lizzy ought to stick to simple stuff like Pow Wow Chow and High Cheek Bones.
Is profiting financially off of fraudulent claims of Native American ancestry an accountable act of capitalism?
Fauxcahontas’s ‘Accountable Capitalism Act’ could be very useful... if it’s printed on toilet paper used for diarrhea wards.
Lizzy Warren took an ax,
And gave the economy forty whacks.
When she saw what she had done,
She gave her party forty-one.
Ha! Like her ‘Accountable Ethnicity’ program?
She’s the gift that keeps on giving.
An idiot like you does not understand this, but shareholders OWN the company.
I think ol’ Pocha-honky has moved into a neck-and-neck tie with the moonbats from California for the title of “Looniest Sitting Senator” with this one.
At least Crazy Uncle Bernie freely admits that he’s a Socialist.
Warren is an idiot.
“aimed at making the nation’s largest companies accountable to employees and their local communities, not just shareholders.”
Requiring owners of private companies to use their property in the national interest. Now why does that ring a bell? I know I’ve heard that somewhere.
“But between 2007 and 2016, large American companies dedicated 93% of their earnings to shareholders,”
So, where is the other 7%?
Dictatorship of the Proletariat ... oh, sure it sounds great, but ... wait — it doesn’t sound sweet at all.
Hey, she’s not a communist. She said she is willing to allow private ownership as long as it serves the will of the state. Isn’t that generous?
She’s at least willing to be a fascist for a period of time, until she can get to pure government ownership!
Squaw should keep-um nose out of Chief’s business.
Why so glum, old Fauxohantus? Federal government intervention has made a world of difference in every sector in society. Just look at healthcare, education, housing, farming, energy—prices have dropped, service is improved and DC has the highest income in the country. We need more, more more!
The intersection of K and Washington has always been dangerous.
Democrats hate it when anyone else has slaves but them.
So I'm assuming she prefers that they be slaves to employees?
How long until she sponsors a bill "to prevent destructive competition" where companies will be restricted from making too much profit if their competitor is suffering a loss (no matter how bad the competitors product quality is)... for fairness...
(The Anti-Dog-Eat-Dog-Rule from "Atlas Shrugged")
“But between 2007 and 2016, large American companies dedicated 93% of their earnings to shareholders,” Warren added.”
Hmmmmmmmmmmmm reflecting on the years indicated I recall when Democrats took over Congress, and who became President the following year through, and until early 2017. Maybe there’s a reason she’s not articulating reasons for the changes. Perhaps the Democrats created some laws/regulations that caused those changes. There’s always a reason behind every change good, or bad.
“Requiring owners of private companies to use their property in the national interest. Now why does that ring a bell? I know Ive heard that somewhere.”
There’s a strong scent of national socialism in her legislation.
Thank you for pointing that out. I missed that.
The Communist Party hates capitalism.
“But between 2007 and 2016, large American companies dedicated 93% of their earnings to shareholders,” Warren added.
That’s after they pay their employees wages and benefits.
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