MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘Elizabeth Warren’

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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Elizabeth Warren Melts Down in Wake of DNA Disaster

Posted by M. C. on October 16, 2018

Buried in the Boston Globe story is this bombshell: “To make up for the dearth of Native American DNA, Bustamante used samples from Mexico, Peru, and Colombia to stand in for Native American.” So all the test proved is that Warren might be 1/64 to 1/1024 Mexican, Peruvian, or Colombian — which again makes her no different than the average white American.

she has now been disavowed by the Cherokee Nation

Can we now just try and forget her and dwell on something, someone relevant?

https://www.breitbart.com/politics/2018/10/15/elizabeth-warren-melts-down-in-wake-of-dna-disaster/

by John Nolte

Sen. Elizabeth Warren (D-MA) launched a bizarre Twitter rant late Monday afternoon following the disastrous rollout of DNA results that further debunked her decades-long claim to American Indian ancestry.

Warren’s thread of 20-plus (and counting) tweets began at about 5:30 p.m. ET, where she attempted to both insult President Trump and defend herself.

In her first tweet, and without any evidence, Warren made the outlandish claim that Trump “makes creepy physical threats about me.” The truth is that all Trump has ever done is ridicule her false claims about being Cherokee.

Warren linked comments Trump made Monday ridiculing Warren’s DNA test. After a reporter suggested Trump owed her an apology, an incredulous president responded, “I owe her? She owes the country an apology. What’s her percentage [of Indian ancestry]? 1/1,000th?”

The actual numbers could be anywhere from 1/64 to 1/1024. Regardless, all this DNA test proved is that Warren has no more claim to Indian heritage than the average white American… Read the rest of this entry »

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Elizabeth Warren Reverses Course on 2020 Presidential Run After PR Spin on Claims of Native American Ancestry

Posted by M. C. on October 1, 2018

Out in public life telling us she was out of public life for good until she wasn’t. Just like Hillary…Just like Hillary…Keep thinking that, Just like Hillary.

https://www.breitbart.com/big-government/2018/09/30/elizabeth-warren-reverses-course-2020-run/

by Michael Patrick Leahy

Just six months after declaring she would not run for president in 2020, Sen. Elizabeth Warren (D-MA) has reversed course.

Warren’s change of mind comes after she and her campaign team have spent much of 2018 trying to spin her false claims of Native American ancestry.

In a tweet late Saturday, when asked about running in 2020, she said, “after November 6, I’ll take a hard look at it”:… Read the rest of this entry »

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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 »

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