Elizabeth Warren is a progressive, and her Accountable Capitalism Act reflects the essence of progressivism.
Of course, progressives have always been big on the notion that centralizing power in the hands of "Experts" in Washington can deliver big benefits at no cost.
If I wanted to use Federal Reserve numbers, I could make a case that the Warren plan would cut the value of American corporations by 67%, rather than by merely 45%. This is because the total value of U.S equities averaged 143% of GDP in 2017, three time higher than Germany's 47%. Progressives might also want to look at the economic growth data before using Germany as an example of what American capitalism should be.
Many progressives would date American capitalism's turn to the Dark Side with the election of Ronald Reagan in 1980.
Progressives should consider this: the European welfare states that progressives want America to emulate are militarily helpless.
We can't have that, so all money and power must be "Progressively" relocated from "We the People" to progressive instrumentalities like the IRS, the Federal Reserve, and Senator Warren's Office of United States Corporations.
She had better hope that the voters of Massachusetts don't find out before November 6 what "Progressive" really means, and what her Accountable Capitalism Act would really do to their jobs and savings.
https://www.realclearmarkets.com/articles/2018/08/20/do_massachusetts_voters_know_what_sen_warren_wants_to_do_to_their_savings_103393.html
Of course, progressives have always been big on the notion that centralizing power in the hands of "Experts" in Washington can deliver big benefits at no cost.
If I wanted to use Federal Reserve numbers, I could make a case that the Warren plan would cut the value of American corporations by 67%, rather than by merely 45%. This is because the total value of U.S equities averaged 143% of GDP in 2017, three time higher than Germany's 47%. Progressives might also want to look at the economic growth data before using Germany as an example of what American capitalism should be.
Many progressives would date American capitalism's turn to the Dark Side with the election of Ronald Reagan in 1980.
Progressives should consider this: the European welfare states that progressives want America to emulate are militarily helpless.
We can't have that, so all money and power must be "Progressively" relocated from "We the People" to progressive instrumentalities like the IRS, the Federal Reserve, and Senator Warren's Office of United States Corporations.
She had better hope that the voters of Massachusetts don't find out before November 6 what "Progressive" really means, and what her Accountable Capitalism Act would really do to their jobs and savings.
https://www.realclearmarkets.com/articles/2018/08/20/do_massachusetts_voters_know_what_sen_warren_wants_to_do_to_their_savings_103393.html
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