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Author Topic: Elizabeth Warren to introduce the 'Accountable Capitalism Act'  (Read 2777 times)

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Offline mystery-ak

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Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« on: August 15, 2018, 01:38:53 pm »
Elizabeth Warren to introduce the 'Accountable Capitalism Act'
by Pete Kasperowicz
 | August 15, 2018 07:35 AM



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.

more
https://www.washingtonexaminer.com/news/elizabeth-warren-to-introduce-the-accountable-capitalism-act
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Offline IsailedawayfromFR

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #1 on: August 15, 2018, 04:24:21 pm »
Since the federal government does not practice accountability as seen by the Deep State presence and myriads of other actions seen daily, why should it require larger companies to do so?

Socialist Warren is attempting to destroy private companies, the backbone of America, so what's left is simply Big Government.
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Offline InHeavenThereIsNoBeer

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #2 on: August 15, 2018, 04:30:46 pm »
Can we just give Mass back to the UK?

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Offline Emjay

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #3 on: August 15, 2018, 04:32:08 pm »
Quote from: IsailedawayfromFR on August 15, 2018, 04:24:21 pm
Since the federal government does not practice accountability as seen by the Deep State presence and myriads of other actions seen daily, why should it require larger companies to do so?

Socialist Warren is attempting to destroy private companies, the backbone of America, so what's left is simply Big Government.

Way to go, Elizabeth.  Totally destroy capitalism, free enterprise and America.
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Offline Emjay

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #4 on: August 15, 2018, 04:32:52 pm »
She knows this bill hasn't a chance of passing but she thinks it may appeal to some of her voters.
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Offline Timothy Dennis

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #5 on: August 15, 2018, 05:36:59 pm »
"But between 2007 and 2016, large American companies dedicated 93% of their earnings to shareholders," Warren added.

This does seem a bit much, doesn't it?

Give the employees a living wage and the People would be appeased and maybe we would have less uproar and turmoil in our society!
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Offline Emjay

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #6 on: August 15, 2018, 05:40:14 pm »
Quote from: Timothy Dennis on August 15, 2018, 05:36:59 pm
"But between 2007 and 2016, large American companies dedicated 93% of their earnings to shareholders," Warren added.

This does seem a bit much, doesn't it?

Give the employees a living wage and the People would be appeased and maybe we would have less uproar and turmoil in our society!

OMG.  Are you serious?  The People's Republic of America, aka the Democrat party will never be appeased unless they can turn us into a socialist country.  What you propose would be a start.
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Offline InHeavenThereIsNoBeer

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #7 on: August 15, 2018, 05:41:21 pm »
Quote from: Timothy Dennis on August 15, 2018, 05:36:59 pm
"But between 2007 and 2016, large American companies dedicated 93% of their earnings to shareholders," Warren added.

This does seem a bit much, doesn't it?

Give the employees a living wage and the People would be appeased and maybe we would have less uproar and turmoil in our society!

Considering the shareholders own 100% of the companies...
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Offline GrouchoTex

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #8 on: August 15, 2018, 05:50:34 pm »
The irony of the someone in government calling for big business to be accountable, when government itself has never been able to do so in my lifetime, is not lost on me.
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Offline sneakypete

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #9 on: August 15, 2018, 06:06:59 pm »
The weird just keep getting weirder,don't they?
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Offline sneakypete

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #10 on: August 15, 2018, 06:08:21 pm »
Quote from: Timothy Dennis on August 15, 2018, 05:36:59 pm
"But between 2007 and 2016, large American companies dedicated 93% of their earnings to shareholders," Warren added.

This does seem a bit much, doesn't it?



@Timothy Dennis

No. Why do you even ask?
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Offline Bigun

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #11 on: August 15, 2018, 06:10:45 pm »
Quote from: GrouchoTex on August 15, 2018, 05:50:34 pm
The irony of the someone in government calling for big business to be accountable, when government itself has never been able to do so in my lifetime, is not lost on me.

 ****drummer
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Offline INVAR

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #12 on: August 15, 2018, 06:11:47 pm »
Just another attempt to impose Communism by force of 'law'.
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Offline Cyber Liberty

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #13 on: August 15, 2018, 06:33:22 pm »
Quote from: Timothy Dennis on August 15, 2018, 05:36:59 pm
"But between 2007 and 2016, large American companies dedicated 93% of their earnings to shareholders," Warren added.

This does seem a bit much, doesn't it?

Give the employees a living wage and the People would be appeased and maybe we would have less uproar and turmoil in our society!

I'd like to know where she got a number like that?  Sounds like she just pulled it out of her ass.

Your last line sounds like something straight out of Das Kapital. 
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Offline GrouchoTex

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #14 on: August 15, 2018, 06:34:12 pm »
Quote from: INVAR on August 15, 2018, 06:11:47 pm
Just another attempt to impose Communism by force of 'law'.

Absolutely.
The means of production controlled by the state.
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Offline Slide Rule

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #15 on: August 15, 2018, 06:35:37 pm »
Dead on Arrival!

:)
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Offline andy58-in-nh

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #16 on: August 15, 2018, 07:09:29 pm »
In a market-based economy, wages are related to corporate earnings to the same extent that the price of chicken wings is related to per capita beer consumption.

Stupid hen.
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Offline Sanguine

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #17 on: August 15, 2018, 11:26:17 pm »
Quote from: Emjay on August 15, 2018, 04:32:52 pm
She knows this bill hasn't a chance of passing but she thinks it may appeal to some of her voters.

And, unfortunately it will.
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Offline To-Whose-Benefit?

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #18 on: August 15, 2018, 11:49:40 pm »
Quote from: Bigun on August 15, 2018, 06:10:45 pm
****drummer


Accountable Capitalism.

We already have an entire Federal Dept/Agency for that.

It's called the IRS.

You Account up every cent you broke your back for, tell them, and they'll decide how much of it you can keep, to hand it over to Other taxing Agencies.
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Offline darroll

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #19 on: August 16, 2018, 12:18:32 am »
Quote from:  

Give the employees a living wage and the People would be appeased and maybe we would have less uproar and turmoil in our society!
[/quote
We tried that and some employees bought dope.
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Offline Right_in_Virginia

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #20 on: August 16, 2018, 12:26:24 am »
Quote from: InHeavenThereIsNoBeer on August 15, 2018, 04:30:46 pm
Can we just give Mass back to the UK?

I heard a rumor Venezuela's interested ....   :laugh:
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Online Hoodat

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #21 on: August 16, 2018, 01:15:40 am »
What next?  Directive 10-289?
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Offline truth_seeker

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #22 on: August 16, 2018, 01:19:35 am »
Her number of 93% of earnings "dedicated to shareholders," is misleading. (It might be dividends plus retained earnings)

I believe corporations pay out far more, for taxes and fees at all kinds, than they return to shareholders.
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Offline sneakypete

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #23 on: August 16, 2018, 12:21:45 pm »
Quote from: truth_seeker on August 16, 2018, 01:19:35 am
Her number of 93% of earnings "dedicated to shareholders," is misleading. (It might be dividends plus retained earnings)

I believe corporations pay out far more, for taxes and fees at all kinds, than they return to shareholders.

@truth_seeker

This is Elizabeth Warren,a compulsive liar. You want truth? She wouldn't recognize a truth if it ran over her.
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Offline Free Vulcan

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Re: Elizabeth Warren to introduce the 'Accountable Capitalism Act'
« Reply #24 on: August 16, 2018, 01:05:20 pm »
Calling for business to be accountable to the unaccountable is rich.
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