MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘Accountable Capitalism Act’

EconomicPolicyJournal.com: Elizabeth Warren’s Batty Plan to Nationalize . . . Everything

Posted by M. C. on August 22, 2018

And you think tariffs will drive companies overseas…

You have to admit she knows how to get a deal on tuition and tenure.

Despite a nearly three week flap over her claim of “being Native American,” the progressive consumer advocate has been unable to point to evidence of Native heritage except for an unsubstantiated thirdhand report that she might be 1/32 Cherokee. Even if it could be proven, it wouldn’t qualify her to be a member of a tribe: Contrary to assertions in outlets from The New York Times to Mother Jones that having 1/32 Cherokee ancestry is “sufficient for tribal citizenship,” “Indian enough” for “the Cherokee Nation,” and “not a deal-breaker,” Warren would not be eligible to become a member of any of the three federally recognized Cherokee tribes based on the evidence so far surfaced by independent genealogists about her ancestry.

http://www.economicpolicyjournal.com/2018/08/elizabeth-warrens-batty-plan-to.html

By Kevin D. Williamson

Senator Elizabeth Warren of Massachusetts has one-upped socialists Bernie Sanders and Alexandria Ocasio-Cortez: She proposes to nationalize every major business in the United States of America. If successful, it would constitute the largest seizure of private property in human history.

Warren’s proposal is dishonestly called the “Accountable Capitalism Act.” Accountable to whom? you might ask. That’s a reasonable question. The answer is
— as it always is — accountable to politicians, who desire to put the assets and productivity of private businesses under political discipline for their own selfish ends. It is remarkable that people who are most keenly attuned to the self-interest of CEOs and shareholders and the ways in which that self-interest influences their decisions apparently believe that members of the House, senators, presidents, regulators, Cabinet secretaries, and agency chiefs somehow are liberated from self-interest when they take office through some kind of miracle of transcendence. Read the rest of this entry »

Posted in Uncategorized | Tagged: , , , | 1 Comment »