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Opinion from a Libertarian ViewPoint

Posts Tagged ‘Elizabeth Warren’

Socialist Promises – LewRockwell

Posted by M. C. on May 22, 2019

Socialism promises a utopia that sounds good, but those promises are never realized. It most often results in massive human suffering. Capitalism fails miserably when compared with a heaven or utopia promised by socialism. But any earthly system is going to come up short in such a comparison.

https://www.lewrockwell.com/2019/05/walter-e-williams/socialist-promises/

By

Presidential contenders are in a battle to out give one another. Senator Elizabeth Warren proposes a whopping $50,000 per student college loan forgiveness. Senator Bernie Sanders proposes free health care for all Americans plus illegal aliens. Most Democratic presidential candidates promise free stuff that includes free college, universal income, “Medicare for All” and debt forgiveness.

Their socialist predecessors made promises too. “Freedom and Bread” was the slogan used by Adolf Hitler during the National Socialist German Workers’ Party (Nazi) campaign against president Paul von Hindenburg. Hitler even promised, “In the Third Reich every German girl will find a husband.” Stalin promised a great socialist-Marxist society that included better food and better worker conditions. China’s Mao Zedong promised democratic constitutionalism and the dream that “farmers have land to till.” These, and other promises, gave Mao the broad political support he needed to win leadership of the entire country in 1949…

Capitalism, or what some call free markets, is relatively new in human history. Prior to capitalism, the way individuals amassed great wealth was by looting, plundering and enslaving their fellow man. With the rise of capitalism, it became possible to amass great wealth by serving and pleasing your fellow man. Capitalists seek to discover what people want and produce and market it as efficiently as possible as a means to profit. A historical example of this process would be John D. Rockefeller, whose successful marketing drove kerosene prices down from 58 cents a gallon in 1865 to 7 cents in 1900. Henry Ford became rich by producing cars for the common man. Both Ford’s and Rockefeller’s personal benefits pale in comparison to the benefits received by the common man who had cheaper kerosene and cheaper and more convenient transportation. There are literally thousands of examples of how mankind’s life ha been made better by those in the pursuit of profits. Here’s my question to you: Are the people who, by their actions, created unprecedented convenience, longer life expectancy and a more pleasant life for the ordinary person — and became wealthy in the process — deserving of all the scorn and ridicule heaped upon them by intellectuals and political hustlers today?..

By the way, I’m not making an outright condemnation of socialism. I run my household on the Marxist principle, “From each according to his ability, to each according to his needs.” That system works when you can remember the names of all involved.

Be seeing you

The Socialist Utopia [MYTH] of Nordic Countries - Ben ...

 

 

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Doug Casey: The Democratic Party Is a “Freak Show” – Casey Research

Posted by M. C. on May 18, 2019

No, to come up with ideas like hers means that you’re purposefully trying to create a disaster; that’s the definition of an evil person.

You only have to look at John Bolton to know progressives don’t have a on lock on freaks.

https://www.caseyresearch.com/articles/doug-casey-the-democratic-party-is-a-freak-show/

Justin’s note: Elizabeth Warren could cost America trillions of dollars.

Warren is, of course, a Democratic senator from Massachusetts. She’s also running for president.

And like many fellow Democrats, she’s full of wacky ideas. Most recently, she made waves by saying she wants to forgive more than $1 trillion worth of student loans if she becomes president. She also wants to issue reparations to African Americans, which could also cost trillions.

These sorts of ideas used to be considered extreme. A candidate would get laughed out of the race for suggesting them. But those days are over.

A recent poll found that just 27% of Americans oppose Warren’s debt forgiveness plan. As for reparations? Well, fellow Democratic presidential candidates Bernie Sanders and Kamala Harris both support the idea.

Of course, not everyone’s a fan of these ideas. Doug Casey is one of those people. Below, Doug tells me why these ideas are not only ridiculous but destructive. He also tells me why he thinks Warren is part of a much bigger problem.


Justin: Doug, what do you make of Elizabeth Warren’s plan to forgive student loans? Surely, student loans are a major problem.

But I’m not sure this is the best solution. What do you think?

Doug: Well, it makes perverse sense that she’d suggest something like this. After all, a new Democratic presidential candidate enters the race every day now. I think we’re up to 22 candidates now. But who’s counting?

They seem to be competing with each other in an actual freak show. The Evil Party is trotting out its most bizarre nomenklatura, each trying to outdo the other in being socialist, black, queer, transgender friendly, or a professional female. By which I mean a female who parades as a female for a living. They’re vying over who has the most outlandish, rabid and nonsensical ideas about how they’re going to transform the very nature of what’s left of the United States.

Meanwhile, the Stupid Party, the right wing of the Demopublicans, populated by neocons, has-beens, and assorted non-entities, seems mainly interested in hyping the stock market with phony money, and looking for a major war somewhere in the world.

Alexandria Ocasio-Cortez (AOC) kind of set the tone for all this. It amazes me that a 29-year-old Puerto Rican bartender comes from out of nowhere, apparently as a result of an actual casting call, and now everybody in the country takes her ideas seriously.

Perhaps the most stupid of her ideas is Modern Monetary Theory (MMT). This basically amounts to unlimited printing of dollars.

All these other candidates have to call her bet, raise it, and wait for the next player to reraise. They all have some signature goofball idea at this point… Read the rest of this entry »

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The Secret Campaign for 2020: Where the Democratic Candidates Stand on Foreign Policy – Antiwar.com Original

Posted by M. C. on May 14, 2019

https://original.antiwar.com/ted_rall/2019/05/13/the-secret-campaign-for-2020-where-the-democratic-candidates-stand-on-foreign-policy/

According to the latest Pew Research poll, the five most important issues for Democrats are health care, education, Medicare, poverty and the environment.

So it’s not surprising that the major Democratic presidential contenders’ campaigns are focusing on economic and other America-centric issues. Nor is it shocking that the news media, never more anemic or less willing to question the candidates, is ignoring their stances on foreign policy…

Still, voters deserve to know the would-be presidents’ positions on issues that extend beyond U.S. borders. Here’s what I found:

The Democrats on Our Crazy Defense Spending

The military sucks up 54% of discretionary federal spending. Pentagon bloat has a huge effect on domestic priorities; the nearly $1 trillion a year that goes to exploiting, oppressing, torturing, maiming and murdering foreigners could go to building schools, curing diseases, funding college scholarships, poetry slams, whatever. Anything, even tax cuts for the rich, would be better than bombs. But as then-presidential candidate Mike Huckabee said in 2015: “The military is not a social experiment. The purpose of the military is to kill people and break things.” If you’re like me, you want as little killing and breaking as possible.

Unfortunately, no major Democratic presidential candidate favors substantial cuts to Pentagon appropriations. Read the rest of this entry »

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The Left’s Latest Demand – LewRockwell

Posted by M. C. on February 26, 2019

One need not be a cynic to suspect Warren’s motivation. Her claim to be an American Indian angered Native Americans, and she would like to mollify them, and ingratiate herself with African-Americans, who constitute more than 60 percent of all Democratic voters in the crucial South Carolina Primary.

By pushing for compensatory reparations, Warren and Harris may be helping themselves, but they are further splitting their party along the lines of ethnicity and race and elevating an issue certain to divide their country more than it already is.

https://www.lewrockwell.com/2019/02/patrick-j-buchanan/the-lefts-latest-demand/

By

Having embraced “Medicare-for-all,” free college tuition and a Green New Deal that would mandate an early end of all oil, gas and coal-fired power plants, the Democratic Party’s lurch to the left rolls on.

Presidential candidates Kamala Harris and Elizabeth Warren both called last week for race-based reparations for slavery.

“Centuries of slavery, Jim Crow, legal discrimination and segregation, and discrimination that exist today have led to a systemic wealth gap between black and white Americans,” Harris told The New York Times. “I’m serious about taking an approach that would change policies and structures and make real investments in black communities.”

Echoed Sen. Warren: “We must confront the dark history of slavery and government-sanctioned discrimination in this country.” This history has crippled “the ability of black families to build wealth in America for generations.”…

Are the Democrats going to say this in their national platform in 2020? And how much will be the rest of America be forced to pay, and for how long? Read the rest of this entry »

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The Problem with Elizabeth Warren’s Wealth Tax | Mises Wire

Posted by M. C. on February 12, 2019

But the reason for this is not that government isn’t doing enough so far. It is instead that the government is doing too much

https://mises.org/wire/problem-elizabeth-warrens-wealth-tax

A wealth tax is not a new idea, though it certainly has come out of fashion recently – in 1992 twelve OECD countries had one, now there are only four.

One of the central issues of a wealth tax is that it is difficult to actually implement and enforce. As Nicole Kaeding and Kyle Pomerleau from the Tax Foundation write, “the uber wealthy tend to have very hard-to-value assets,” such as ownership in real estate holdings, trusts, and most importantly, businesses.

Calculating the overall value of the wealth of a household would cost an immense amount of time and effort. Jeffrey Levine notes that wealthy households own “one of a kind works of art, ‘priceless’ jewelry, expensive cars … the list goes on and on. And now imagine the need to have all these assets valued each and every single year. It would be a total disaster show.” What effect such a measurement would have on a tax code which already comes in at 2.4 million words can already be presumed. The only ones profiting from such additional complications would be appraisers and lawyers, who will have the privilege to find out what the value of one’s wealth even is approximately… Read the rest of this entry »

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Rip-Off the Rich? – LewRockwell

Posted by M. C. on January 30, 2019

https://www.lewrockwell.com/2019/01/laurence-m-vance/tax-the-rich/

By 

According to the latest figures released by the Internal Revenue Service (IRS):

  • In 2016, the top 50 percent of all taxpayers paid 97 percent of all individual income taxes, while the bottom 50 percent paid the remaining 3 percent.
  • The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).
  • The top 1 percent of taxpayers paid a 26.9 percent individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.7 percent).

“The rich” are also punished through the phase-out of tax exemptions, deductions, and credits as their income rises.Yet, according to Democratic politicians like Senator Elizabeth Warren, Representative Alexandria Ocasio-Cortez, Senator Bernie Sanders, and former Senator Hillary Clinton, “the rich” are still not paying enough in taxes.

Senator Warren has proposed a “wealth tax” on the richest Americans: Read the rest of this entry »

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EconomicPolicyJournal.com: Elizabeth Warren Goes Tax Crazy

Posted by M. C. on January 30, 2019

This is a remarkably aggressive tax proposal because of the annual nature of the tax and would severely reduce the wealth of those taxed in just a decade. It would destroy over 2.75 trillion dollars in capital investment in just 10 years, according to Warren’s own numbers. And would put those funds into the bureaucratic government machine that wastes money as all central planning money does.

http://www.economicpolicyjournal.com/2019/01/elizabeth-warren-goes-tax-crazy.html

RW 

Sen. Elizabeth Warren, D-Mass., has just proposed an annual “wealth tax” on the richest Americans.

Note well: This is not a tax on income. It is a tax on the wealth rich Americans have. This is big.

The new tax proposal from Warren, who recently announced her bid to challenge President Donald Trump in 2020, would apply to Americans with more than $50 million in assets.

It would be a tax of 2% per year on the wealth of anyone who’s wealth falls between $50 million and $1 billion. For those with wealth over a $1 billion, the tax would be 3%.

This is a remarkably aggressive tax proposal because of the annual nature of the tax and would severely reduce the wealth of those taxed in just a decade. It would destroy over 2.75 trillion dollars in capital investment in just 10 years, according to Warren’s own numbers. And would put those funds into the bureaucratic government machine that wastes money as all central planning money does…

Be seeing you

Faux

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Elizabeth Warren releases 10 years of tax returns

Posted by M. C. on January 6, 2019

10 years of income tax returns! They have to be nuts! What if Killary runs and audit her returns and the Clinton Foundation. The IRS would have to learn Arabic and Hebrew to read her receipts.

Liz is probably safe. They don’t make much on the reservation.

I wonder how much time she spends auditing, or caring about, the Bureau of Indian Affairs.

https://www.washingtonexaminer.com/news/elizabeth-warren-releases-10-years-of-tax-returns

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Incoming Communists Ready A Bill That Will CRIMINALIZE Private Gun Sales

Posted by M. C. on December 19, 2018

http://www.shtfplan.com/headline-news/incoming-communists-ready-a-bill-that-will-criminalize-private-gun-sales_12182018

Mac Slavo
December 18th, 2018
SHTFplan.com

In the land of the fee and home of the slave, incoming Democrats have already drafted a bill that will criminalize private gun sales.  As a “free” American, you will no longer be able to sell your own property without the government’s permission, unless you want to be labeled as a criminal if this bill succeeds and becomes a law.

While this won’t prevent mass shootings, as a government study conducted by anti-gun lunatics in politically elite positions already discovered, a very vast majority of gun owners regulate themselves. Read the rest of this entry »

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Three Percent of Elizabeth Warren’s DNA from Ancestor Who Rounded Up Cherokees for ‘Trail of Tears’

Posted by M. C. on October 18, 2018

Ooops! Situations like this can happen when lying is a way of life.

https://www.breitbart.com/politics/2018/10/17/hree-percent-of-elizabeth-warrens-dna-from-ancestor-who-rounded-up-cherokees-for-trail-of-tears/

by Michael Patrick Leahy

Breitbart News first reported in 2012 that Sen. Elizabeth Warren’s (D-MA) great-great-great grandfather Jonathan Crawford was a member of the Tennessee Militia that rounded up Cherokees living there at the time for the Trail of Tears journey to Oklahoma in the 1830s.

This gives Warren a 1/32, or 3.125 percent, Tennessee Militia heritage, at least double the maximum 1.56 percent, minimum 0.1 percent, Native American heritage Dr. Carlos Bustamante said the evidence in the DNA genotypes purported to come from Warrren’s DNA sample “strongly suggests” in his October 10, 2018 report released by Sen. Warren on Monday…

Faux

 

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