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Elizabeth Warren to introduce the 'Accountable Capitalism Act'
The Washington Examiner ^ | 8/15/2018 | Pete Kasperowicz

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.


TOPICS: Business/Economy; Chit/Chat; Humor; Weird Stuff
KEYWORDS: capitalism; commie; commieagenda; democrats; economics; economy; elizabethwarren; fakeindian; fauxahontas; fauxcahontas; investments; liberals; massachusetts; petekasperowicz; progressives; shareholders; slingingbull; taxes; warren; wsj
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To: Beave Meister

She and that what’s-her-face Alexandria Ocasio-Cortez have shown their very unique grasp of the world of economics.


61 posted on 08/16/2018 1:24:46 AM PDT by laweeks
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To: Beave Meister

Maybe the How to Count Socialism Act is more like it. I bet she doesn’t know the age old indian secret of planting indian corn, using fish.


62 posted on 08/16/2018 2:38:01 AM PDT by Jumper
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To: Beave Meister
...”Dizzy Lizzy ought to stick to simple stuff like Pow Wow Chow and High Cheek Bones.”...

I am beginning to think she and other academic “socialists” have a plan alright. It is to give themselves governmental power enough to set up a system where 52% are on welfare and 48% with skills are enslaved and made to work to support that “socialism” plan. Isn't that what President Obama wanted, as well? It will not work because it has never worked. It ends in death and destruction. One would think that people who have spent their lives living inside books would know that. Methinks that those who never apply what is written in those books do not know the consequences thereof. Of course, when the consequences roll in, as in Venezuela, it is too late.

63 posted on 08/16/2018 2:48:57 AM PDT by jazzlite
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To: Beave Meister
Before de regulations power companys offset huge profits with tax write offs on improvements. which benefited the employees. they could write off healthcare and picnics and shirts and other company logo items. Even new cafeteria equipment and chairs . Build a swimming pool for employees and write it off as a property improvement. basically there was a certain amount of profits you could either re invest into the company or they paid taxes on it. the the government got involved and screwed that up by closing that loop hole and telling companys how much profit they could make.
64 posted on 08/16/2018 3:46:27 AM PDT by Ikeon (I'm not a wtiter. i stayed at a holiday inn express last night)
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To: Beave Meister

Some enterprising young ^conservative^ member of Congress should introduce a bill pegging all government pensions to mirror the government’s *contribution* to the GDP.


65 posted on 08/16/2018 4:53:12 AM PDT by Cletus.D.Yokel (Catastrophic, Anthropogenic Climate Alterations: The acronym explains the science.)
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To: RedElement

:: So, where is the other 7%? ::

Never mind that, how is that even possible when the tax rate on earnings was 37%?


66 posted on 08/16/2018 4:55:20 AM PDT by Cletus.D.Yokel (Catastrophic, Anthropogenic Climate Alterations: The acronym explains the science.)
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To: DesertRhino

“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.”

That is Fascism in a nutshell.


67 posted on 08/16/2018 4:59:25 AM PDT by ought-six (Multiculturalism is national suicide, and political correctness is the cyanide capsule.)
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To: Carl Vehse

Unfortunately, after years of corporations outsourcing, downsizing, cutting pensions and benefits, and eagerly propping-up a corrupt Congress and Deep State, Fauxahontas is going to find a receptive audience for this.


68 posted on 08/16/2018 7:43:03 AM PDT by Buckeye McFrog
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To: Beave Meister

She couldn’t be more of an idiot if she tried.


69 posted on 08/16/2018 7:45:18 AM PDT by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: Jim Robinson

If a hungry cannibal cracked her head open, there wouldn’t be enough inside to cover a small oyster cracker...


70 posted on 08/16/2018 12:39:12 PM PDT by Beave Meister (Leave the gun. Take the cannoli....)
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To: Beave Meister

You’re pulling my leg. Cannibals don’t use oyster crackers.


71 posted on 08/16/2018 12:45:01 PM PDT by Jim Robinson (Resistance to tyrants is obedience to God!)
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To: DesertRhino

Photo found on James Wood twitter.

72 posted on 08/21/2018 1:36:54 PM PDT by poconopundit (MAGA... Get the Spirit. Grow your community. Focus on your Life's Work. Empower the Young.)
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