Warren and the Divine Right of Capital: Accountable Capitalism Act

[AzogtheDefiler]

Liz Warren is a true anti capitalist.

She believes markets need rules in order to function effectively for all participants.
Democratic Sen. Elizabeth Warren: 'I am a capitalist' – but markets need to work for more than just the rich

Even Zuckerberg thinks she is nutty. I hope she wins the nomination.

 

[bendog]

Everything she says involves big govt.
She is the arch nemesis of our constitution.
Fucking totalitarian.

She's Huey Long with an education.

 

[georgephillip]

How many employees did you exploit?
What was your revenue?

The Divine Right of Capital by Marjorie Kelly: A Summary

"Capital Income + Retained earnings = Revenue – (Employee income + Cost of materials)

"Kelly uses some simple algebra to show that this formula could just as easily be re-written as:

"Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)

"In other words, the company could just as easily be optimized to maximize employee income."

It's funny. A millionaire capitalist is telling you to believe capitalism is bad, and you swallow it without question.

t's funny. A millionaire capitalist is telling you to believe capitalism is bad, and you swallow it without question.

Which millionaire, Warren?
She made her money after experiencing childhood poverty.
Trump's racist dad made him a millionaire by his eighth birthday,
If you can supply any arguments to refute Warren's premises, go ahead.
Capitalism is a disease.

Go to a non-Capitalist country if you feel that strongly-show us your true beliefs.

Go to a non-Capitalist country if you feel that strongly-show us your true beliefs.

Not until Crooked Donald dies in prison.

Looks like they doped up and brainwashed that guy.

Looks like they doped up and brainwashed that guy

You mean this guy?

William B. Taylor Jr. - Wikipedia

"Taylor arrived in Ukraine a month after the abrupt ousting of Ambassador Yovanovitch and the inauguration of the country's new president Volodymyr Zelensky.

"But following President Donald Trump's phone call with the new Ukranian president, Taylor questioned Trump's motivation in a text to Gordon Sondland, the United States Ambassador to the European Union: 'Are we now saying that security assistance and WH meeting are conditioned on investigations?' Sondland told him to phone."

 

[Third Party]

Why not stop all the pretense and just have The State take over all business?

It's already clear that you and Princess Lying Rug are Marxists, so just be done with it.

What's your problem with bringing democracy (not the state) to the workplace?

Accountable Capitalism Act - Wikipedia

"With the Reward Work Act, the Accountable Capitalism Act is the second recent proposal to give employees a right to elect representatives on a company board of directors.

"The United States is in a minority of countries in the Organisation for Economic Co-operation and Development that gives no representation of the workforce in corporate governance.[2]

"The Bill's explanatory document states that it seeks to borrow 'from the successful approach in Germany and other developed economies', by introducing that right."

What's your problem with bringing democracy (not the state) to the workplace?

Why would I let non-owners vote on my company's actions?

That would be like you letting the lawn guy and the garbage man vote on the color you paint your house...hypothetically, if you ever moved out of your Mom's basement.

Why would I let non-owners vote on my company's actions?

Because your owners (shareholders) contribute nothing to your productivity.
Your workers contribute 99% to your productivity.
Can you follow that math?

Because your owners (shareholders) contribute nothing to your productivity.

Too bad.

Your workers contribute 99% to your productivity.

That's why they get a paycheck.

Your workers contribute 99% to your productivity.

That's why they get a paycheck.

What entitles shareholders to a share of Labor's surplus value?

I have been both-labor and management-there are no angels. We should leave the current system alone-like water, it will seek its own level.

 

[Third Party]

It's funny. A millionaire capitalist is telling you to believe capitalism is bad, and you swallow it without question.

t's funny. A millionaire capitalist is telling you to believe capitalism is bad, and you swallow it without question.

Which millionaire, Warren?
She made her money after experiencing childhood poverty.
Trump's racist dad made him a millionaire by his eighth birthday,
If you can supply any arguments to refute Warren's premises, go ahead.
Capitalism is a disease.

Go to a non-Capitalist country if you feel that strongly-show us your true beliefs.

Go to a non-Capitalist country if you feel that strongly-show us your true beliefs.

Not until Crooked Donald dies in prison.

Looks like they doped up and brainwashed that guy.

Looks like they doped up and brainwashed that guy

You mean this guy?

William B. Taylor Jr. - Wikipedia

"Taylor arrived in Ukraine a month after the abrupt ousting of Ambassador Yovanovitch and the inauguration of the country's new president Volodymyr Zelensky.

"But following President Donald Trump's phone call with the new Ukranian president, Taylor questioned Trump's motivation in a text to Gordon Sondland, the United States Ambassador to the European Union: 'Are we now saying that security assistance and WH meeting are conditioned on investigations?' Sondland told him to phone."

Yes, the dopey looking one who wants 15 minutes of fame.

 

[bendog]

The scary part for me about Warren is that I don't think she's weighed in on her view of the Fed. I'm no Trump fan, but his impact on the Fed seems to be that Powell has expanded on their role simply being about being an inflation hawk. Important, yes. But it did nothing to prevent the great housing meltdown in banking … which is something the Fed had authority to regulate. But, under Reagan-Greenspan's takeover from Volker … definitely it was out of bounds. The Bernank took Milton Freedman very literally when it came to the duty of the central bank to make sure deflation did not occur.

Powell seems willing to allow cheap interest rates to fuel increased deficit spending to stave off a recession, despite Trump's anti-free trade tariffs, and under Greenspan before 2000, that would be heresy. But, the dems criticized the "old" Fed of ignoring unemployment. I'm not making a value judgment because I just don't know where this is going. Trump's definitely politicized the Fed, but Warren sees a need to redistribute wealth. And that scares me.

 

[georgephillip]

What's your problem with bringing democracy (not the state) to the workplace?

Accountable Capitalism Act - Wikipedia

"With the Reward Work Act, the Accountable Capitalism Act is the second recent proposal to give employees a right to elect representatives on a company board of directors.

"The United States is in a minority of countries in the Organisation for Economic Co-operation and Development that gives no representation of the workforce in corporate governance.[2]

"The Bill's explanatory document states that it seeks to borrow 'from the successful approach in Germany and other developed economies', by introducing that right."

US is not a democracy.

A corporation is certainly not a democracy.

US is not a democracy.

A corporation is certainly not a democracy.

The US is a Democratic Republic.
Would you prefer an aristocracy?
Corporations are closer to a feudal nature than a democratic one.
Give me one good reason to refrain from changing that reality.

The Divine Right of Capital by Marjorie Kelly: A Summary

"Look closely at the stock market and it betrays some fundamental assumptions about the creation of wealth in today’s markets.

"Only 1% of the total value of equity on Wall Street is actual investment in the sense of new money going into firms.

"The remaining 99% is speculation – people buying and selling existing stock in the aftermarket of equity."

"The remaining 99% is speculation – people buying and selling existing stock in the aftermarket of equity."

What's wrong with that?

"The remaining 99% is speculation – people buying and selling existing stock in the aftermarket of equity."

What's wrong with that?

Tan Liu: Why Many Of Todays Most Owned Stocks Are Ponzi Schemes

Trading stocks in a secondary market doesn't make them a Ponzi scheme.

Trading stocks in a secondary market doesn't make them a Ponzi scheme

Ponzi Scheme | Investor.gov

"A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors. Ponzi scheme organizers often promise to invest your money and generate high returns with little or no risk..."

"With little or no legitimate earnings, Ponzi schemes require a constant flow of new money to survive. When it becomes hard to recruit new investors, or when large numbers of existing investors cash out, these schemes tend to collapse."

 

[georgephillip]

Liz Warren is a true anti capitalist.

She believes markets need rules in order to function effectively for all participants.
Democratic Sen. Elizabeth Warren: 'I am a capitalist' – but markets need to work for more than just the rich

Even Zuckerberg thinks she is nutty. I hope she wins the nomination.

Even Zuckerberg thinks she is nutty. I hope she wins the nomination.

Will you be investing?

 

[Toddsterpatriot]

US is not a democracy.

A corporation is certainly not a democracy.

US is not a democracy.

A corporation is certainly not a democracy.

The US is a Democratic Republic.
Would you prefer an aristocracy?
Corporations are closer to a feudal nature than a democratic one.
Give me one good reason to refrain from changing that reality.

The Divine Right of Capital by Marjorie Kelly: A Summary

"Look closely at the stock market and it betrays some fundamental assumptions about the creation of wealth in today’s markets.

"Only 1% of the total value of equity on Wall Street is actual investment in the sense of new money going into firms.

"The remaining 99% is speculation – people buying and selling existing stock in the aftermarket of equity."

"The remaining 99% is speculation – people buying and selling existing stock in the aftermarket of equity."

What's wrong with that?

"The remaining 99% is speculation – people buying and selling existing stock in the aftermarket of equity."

What's wrong with that?

Tan Liu: Why Many Of Todays Most Owned Stocks Are Ponzi Schemes

Trading stocks in a secondary market doesn't make them a Ponzi scheme.

Trading stocks in a secondary market doesn't make them a Ponzi scheme

Ponzi Scheme | Investor.gov

"A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors. Ponzi scheme organizers often promise to invest your money and generate high returns with little or no risk..."

"With little or no legitimate earnings, Ponzi schemes require a constant flow of new money to survive. When it becomes hard to recruit new investors, or when large numbers of existing investors cash out, these schemes tend to collapse."

"A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors. Ponzi scheme organizers often promise to invest your money and generate high returns with little or no risk..."

Exactly. Glad you agree that buying/selling stock in the secondary market doesn't fit that definition.

 

[iceberg]

Elizabeth Warren Net Worth 2019 | The Net Worth Portal

when she starts living more modestly and giving away her fortune to lead the way, i'll listen. otherwise hearing a multi-millionaire bitch at the rich is ironic beyond belief.

 

[AzogtheDefiler]

Liz Warren is a true anti capitalist.

She believes markets need rules in order to function effectively for all participants.
Democratic Sen. Elizabeth Warren: 'I am a capitalist' – but markets need to work for more than just the rich

Even Zuckerberg thinks she is nutty. I hope she wins the nomination.

Even Zuckerberg thinks she is nutty. I hope she wins the nomination.

Will you be investing?

People pay me $$ to gauge what to invest in. You’re old and poor. Sucks to be you.

 

[georgephillip]

What's your problem with bringing democracy (not the state) to the workplace?

Accountable Capitalism Act - Wikipedia

"With the Reward Work Act, the Accountable Capitalism Act is the second recent proposal to give employees a right to elect representatives on a company board of directors.

"The United States is in a minority of countries in the Organisation for Economic Co-operation and Development that gives no representation of the workforce in corporate governance.[2]

"The Bill's explanatory document states that it seeks to borrow 'from the successful approach in Germany and other developed economies', by introducing that right."

What's your problem with bringing democracy (not the state) to the workplace?

Why would I let non-owners vote on my company's actions?

That would be like you letting the lawn guy and the garbage man vote on the color you paint your house...hypothetically, if you ever moved out of your Mom's basement.

Why would I let non-owners vote on my company's actions?

Because your owners (shareholders) contribute nothing to your productivity.
Your workers contribute 99% to your productivity.
Can you follow that math?

Because your owners (shareholders) contribute nothing to your productivity.

Too bad.

Your workers contribute 99% to your productivity.

That's why they get a paycheck.

Your workers contribute 99% to your productivity.

That's why they get a paycheck.

What entitles shareholders to a share of Labor's surplus value?

What entitles shareholders to a share of Labor's surplus value?

I'm sorry Communism was such a murderous waste of time, lives and resources, but that's the way it is.

If you don't want to trade your labor for a paycheck, use your own capital and start your own company.

If you can do that from the couch in your Mom's basement...….

I'm sorry Communism was such a murderous waste of time, lives and resources, but that's the way it is.

If you don't want to trade your labor for a paycheck, use your own capital and start your own company.

People kill people but capitalism makes it easy and profitable around the world

 

[Toddsterpatriot]

What's your problem with bringing democracy (not the state) to the workplace?

Why would I let non-owners vote on my company's actions?

That would be like you letting the lawn guy and the garbage man vote on the color you paint your house...hypothetically, if you ever moved out of your Mom's basement.

Why would I let non-owners vote on my company's actions?

Because your owners (shareholders) contribute nothing to your productivity.
Your workers contribute 99% to your productivity.
Can you follow that math?

Because your owners (shareholders) contribute nothing to your productivity.

Too bad.

Your workers contribute 99% to your productivity.

That's why they get a paycheck.

Your workers contribute 99% to your productivity.

That's why they get a paycheck.

What entitles shareholders to a share of Labor's surplus value?

What entitles shareholders to a share of Labor's surplus value?

I'm sorry Communism was such a murderous waste of time, lives and resources, but that's the way it is.

If you don't want to trade your labor for a paycheck, use your own capital and start your own company.

If you can do that from the couch in your Mom's basement...….

I'm sorry Communism was such a murderous waste of time, lives and resources, but that's the way it is.

If you don't want to trade your labor for a paycheck, use your own capital and start your own company.

People kill people but capitalism makes it easy and profitable around the world

If killing was profitable, the Soviet Union would still be around.

 

[georgephillip]

You "think" like one of Trump's slaves.
Why do you support income without productivity?

The Divine Right of Capital by Marjorie Kelly: A Summary

"'If equality under the law is the hallmark of democracy, privilege sanctioned by law is the hallmark of aristocracy.'

"Just as feudal lords extracted wealth from serfs on their lands, today’s aristocracy does the same with corporations.

"Privilege – the right of the aristocracy – is 'a right to income detached from productivity.'

"After the fall of the Roman empire, the feudal lords emerged as a source of order.

"They played a valuable role in bringing social stability, but over time this role and its associated responsibilities faded – and the benefits did not.

"The same has happened with stockholders today."

What's the stage where a Trabant is the best car your shitty economy can produce?

What's the stage where a Trabant is the best car your shitty economy can produce?

Ask your hero

Bitch.

So Communism is a step back, well, five steps back, from National Socialism.

So Communism is a step back, well, five steps back, from National Socialism.

Where's Jim?

"In particular, Nazis admired the Jim Crow-era laws that discriminated against black Americans and segregated them from white Americans, and they debated whether to introduce similar segregation in Germany.

"Yet they ultimately decided that it wouldn’t go far enough.

"'One of the most striking Nazi views was that Jim Crow was a suitable racist program in the United States because American blacks were already oppressed and poor,' he says. 'But then in Germany, by contrast, where the Jews (as the Nazis imagined it) were rich and powerful, it was necessary to take more severe measures.'

"Because of this, Nazis were more interested in how the U.S. had designated Native Americans, Filipinos and other groups as non-citizens even though they lived in the U.S. or its territories.

"These models influenced the citizenship portion of the Nuremberg Laws, which stripped Jewish Germans of their citizenship and classified them as 'nationals.'"

https://www.history.com/news/how-the-nazis-were-inspired-by-jim-crow

Yes, Democrats are very similar to Commies. Commies are very similar to Nazis.

Yes, Democrats are very similar to Commies. Commies are very similar to Nazis.

Hitler killed millions of communists and gave a medal to Henry Ford.

 

[Dick Foster]

How do you square this circle: The structure and legal basis of the modern MAGA corporation bears a great deal of resemblance to feudal estates, and this reality is at odds in an era that claims to value democracy over the Divine Right of Kings?

Warren has a plan:

Accountable Capitalism Act - Wikipedia

"The Accountable Capitalism Act, 115th Congress (2017-2018) S. 3348 is a proposed federal bill introduced by Senator Elizabeth Warren in August 2018.

"It would require that employees elect 40% of a board of directors of any corporation with over $1 billion in tax receipts, and that 75% of shareholders and directors must approve any political spending.

"Corporations with revenue over $1 billion would be required to obtain a federal corporate charter.

"The Act contains a 'constituency statute' that would give directors a duty of 'creating a general public benefit' with regard to a corporation's stakeholders, including shareholders, employees, and the environment, and the interests of the enterprise in the long-term.[1]"

The US is among a minority of OECD countries that gives no representation to the workforce (majority) in corporate governance.

For years Warren has claimed "corporations are not people."

Now her Accountable Capitalism Act demands that corporations that claim the legal rights of personhood should be legally required to accept the moral obligations of personhood.

Warren is a liar, hypocrite and an idiot. Only an idiot would ever vote for that fraud.

 

[Toddsterpatriot]

What's the stage where a Trabant is the best car your shitty economy can produce?

What's the stage where a Trabant is the best car your shitty economy can produce?

Ask your hero

Bitch.

So Communism is a step back, well, five steps back, from National Socialism.

So Communism is a step back, well, five steps back, from National Socialism.

Where's Jim?

"In particular, Nazis admired the Jim Crow-era laws that discriminated against black Americans and segregated them from white Americans, and they debated whether to introduce similar segregation in Germany.

"Yet they ultimately decided that it wouldn’t go far enough.

"'One of the most striking Nazi views was that Jim Crow was a suitable racist program in the United States because American blacks were already oppressed and poor,' he says. 'But then in Germany, by contrast, where the Jews (as the Nazis imagined it) were rich and powerful, it was necessary to take more severe measures.'

"Because of this, Nazis were more interested in how the U.S. had designated Native Americans, Filipinos and other groups as non-citizens even though they lived in the U.S. or its territories.

"These models influenced the citizenship portion of the Nuremberg Laws, which stripped Jewish Germans of their citizenship and classified them as 'nationals.'"

https://www.history.com/news/how-the-nazis-were-inspired-by-jim-crow

Yes, Democrats are very similar to Commies. Commies are very similar to Nazis.

Yes, Democrats are very similar to Commies. Commies are very similar to Nazis.

Hitler killed millions of communists and gave a medal to Henry Ford.

Ford was an asshole...….so what?

 

[georgephillip]

The scary part for me about Warren is that I don't think she's weighed in on her view of the Fed. I'm no Trump fan, but his impact on the Fed seems to be that Powell has expanded on their role simply being about being an inflation hawk. Important, yes. But it did nothing to prevent the great housing meltdown in banking … which is something the Fed had authority to regulate. But, under Reagan-Greenspan's takeover from Volker … definitely it was out of bounds. The Bernank took Milton Freedman very literally when it came to the duty of the central bank to make sure deflation did not occur.

Powell seems willing to allow cheap interest rates to fuel increased deficit spending to stave off a recession, despite Trump's anti-free trade tariffs, and under Greenspan before 2000, that would be heresy. But, the dems criticized the "old" Fed of ignoring unemployment. I'm not making a value judgment because I just don't know where this is going. Trump's definitely politicized the Fed, but Warren sees a need to redistribute wealth. And that scares me.

Powell seems willing to allow cheap interest rates to fuel increased deficit spending to stave off a recession, despite Trump's anti-free trade tariffs, and under Greenspan before 2000, that would be heresy. But, the dems criticized the "old" Fed of ignoring unemployment. I'm not making a value judgment because I just don't know where this is going. Trump's definitely politicized the Fed, but Warren sees a need to redistribute wealth. And that scares me.

What is your opinion on the Fed's latest Repo device?

Elizabeth Warren Demands Repo Loan Answers as NY Fed Repo Data Disappears

"From this past Friday evening through Sunday, if you clicked on any of the web pages at the New York Fed pertaining to the hundreds of billions of dollars it has been pumping out weekly to Wall Street’s securities firms since September 17, you saw the message below..."

 

[georgephillip]

Ask your hero

Bitch.

So Communism is a step back, well, five steps back, from National Socialism.

So Communism is a step back, well, five steps back, from National Socialism.

Where's Jim?

"In particular, Nazis admired the Jim Crow-era laws that discriminated against black Americans and segregated them from white Americans, and they debated whether to introduce similar segregation in Germany.

"Yet they ultimately decided that it wouldn’t go far enough.

"'One of the most striking Nazi views was that Jim Crow was a suitable racist program in the United States because American blacks were already oppressed and poor,' he says. 'But then in Germany, by contrast, where the Jews (as the Nazis imagined it) were rich and powerful, it was necessary to take more severe measures.'

"Because of this, Nazis were more interested in how the U.S. had designated Native Americans, Filipinos and other groups as non-citizens even though they lived in the U.S. or its territories.

"These models influenced the citizenship portion of the Nuremberg Laws, which stripped Jewish Germans of their citizenship and classified them as 'nationals.'"

https://www.history.com/news/how-the-nazis-were-inspired-by-jim-crow

Yes, Democrats are very similar to Commies. Commies are very similar to Nazis.

Yes, Democrats are very similar to Commies. Commies are very similar to Nazis.

Hitler killed millions of communists and gave a medal to Henry Ford.

Ford was an asshole...….so what?

Ford was an asshole...….so what?

Was he capitalist or communist?
Did your pal Adolph try to kill him or give him a medal?

 

[bendog]

The scary part for me about Warren is that I don't think she's weighed in on her view of the Fed. I'm no Trump fan, but his impact on the Fed seems to be that Powell has expanded on their role simply being about being an inflation hawk. Important, yes. But it did nothing to prevent the great housing meltdown in banking … which is something the Fed had authority to regulate. But, under Reagan-Greenspan's takeover from Volker … definitely it was out of bounds. The Bernank took Milton Freedman very literally when it came to the duty of the central bank to make sure deflation did not occur.

Powell seems willing to allow cheap interest rates to fuel increased deficit spending to stave off a recession, despite Trump's anti-free trade tariffs, and under Greenspan before 2000, that would be heresy. But, the dems criticized the "old" Fed of ignoring unemployment. I'm not making a value judgment because I just don't know where this is going. Trump's definitely politicized the Fed, but Warren sees a need to redistribute wealth. And that scares me.

Powell seems willing to allow cheap interest rates to fuel increased deficit spending to stave off a recession, despite Trump's anti-free trade tariffs, and under Greenspan before 2000, that would be heresy. But, the dems criticized the "old" Fed of ignoring unemployment. I'm not making a value judgment because I just don't know where this is going. Trump's definitely politicized the Fed, but Warren sees a need to redistribute wealth. And that scares me.

What is your opinion on the Fed's latest Repo device?

Elizabeth Warren Demands Repo Loan Answers as NY Fed Repo Data Disappears

"From this past Friday evening through Sunday, if you clicked on any of the web pages at the New York Fed pertaining to the hundreds of billions of dollars it has been pumping out weekly to Wall Street’s securities firms since September 17, you saw the message below..."

It seems more of a Refi and No Credit Check used car scheme, to me.

 

[georgephillip]

Elizabeth Warren Net Worth 2019 | The Net Worth Portal

when she starts living more modestly and giving away her fortune to lead the way, i'll listen. otherwise hearing a multi-millionaire bitch at the rich is ironic beyond belief.

What makes you think her lifestyle is not modest, compared to Trump Tower, for example?