Elizabeth Warren 2020 Megathread v2 (pg 35 - Emily List support)

[OSR stands with Israel]

Dude the arguments you make against Bernie/Warren wing are so bad as Warren and even Bernie have always called for a 3-4 year transition period and these arguments will only help not hurt them.


What she should be attacked for is not stuff like this but her utterly ridiculous Wealth Tax proposal, her utterly ridiculous mark-to market capital gains  proposal in which she will tax capital gains annually and not when the asset is sold and you actually make that gain(this part is so insane in every way possible).
She also supports abolishing people's right to buy the insurance they want to buy which is insane as welll

[OSR stands with Israel]

She also supports abolishing people's right to buy the insurance they want to buy which is insane as welll

The real insanity is wanting to have to "buy" insurance.

It is our right to choose what we want to buy, so what gives you the right to tell people that they cant buy insurance.

[OSR stands with Israel]

Between "okay boomer" and now this, the left's arguments for socialism are in danger of becoming just as anti-intellectual and trollish as the arguments for Trump.

>Thinking Warren is a socialist


Ok boomer is peak foolish though

Warren is clearly , cleary a socialist. No capitalist would propose insane things like her wealth tax or her capital gains tax proposal

[OSR stands with Israel]

Between "okay boomer" and now this, the left's arguments for socialism are in danger of becoming just as anti-intellectual and trollish as the arguments for Trump.

>Thinking Warren is a socialist


Ok boomer is peak foolish though

Warren is clearly , cleary a socialist. No capitalist would propose insane things like her wealth tax or her capital gains tax proposal

Her plans preserve the market framework and do not redistribute the means of production, therefore she is not a socialist. Not all capitalists are right wingers.

Just because she isnt a full on socialist like Bernie doesnt mean she is more capitalist than socialist.


Also opposing the Wealth Tax does not equal right wing by any stretch of the imagination

[OSR stands with Israel]

Warren is clearly , cleary a socialist. No capitalist would propose insane things like her wealth tax or her capital gains tax proposal

BRUH

 Adam Smith probably would.

 Smith stated "it is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion", because a tax on "the luxuries and vanities of life [which] occasion the principal expense of the rich... would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be anything very unreasonable."

That is not a wealth tax

[OSR stands with Israel]

The problem with a wealth tax isnt the fact that Bill Gates or Jeff Bezos would be a lot less richer the problem is that it would significantly impact companies like Microsoft and Amazon and their ability to do the innovations they did.

[OSR stands with Israel]

Also look at things such as median income and GDP(PPP) per capita and you will see that the US is in much much better economical shape than Canada or the EU

[OSR stands with Israel]

The problem with a wealth tax isnt the fact that Bill Gates or Jeff Bezos would be a lot less richer the problem is that it would significantly impact companies like Microsoft and Amazon and their ability to do the innovations they did.

This. I'm for it that top-income owners are paying a higher income tax, but leftists often imply folks like Bill Gates or Michael Bloomberg have some billions of cash on their bank account and you just need to take that away, give it to the poor and everything is fine. In reality, a wealth tax as proposed would impact companies and with them a lot of jobs.

Yah it seems like most leftists think most of Jeff Bezos assets come from Cash, or things like Vacation homes or other "luxury" assets and all which is just a laughable claim.

[OSR stands with Israel]

Also look at things such as median income and GDP(PPP) per capita and you will see that the US is in much much better economical shape than Canada or the EU

 We have a lower quality of life rating than Canada or most EU countries.

That is a qualitative survey,the numbers I am citing are quantitative surveys which are far far more reliable.

[OSR stands with Israel]

The problem with a wealth tax isnt the fact that Bill Gates or Jeff Bezos would be a lot less richer the problem is that it would significantly impact companies like Microsoft and Amazon and their ability to do the innovations they did.

 Why would it hurt these publicly traded companies if more of their shares were available to the public instead of a few founders?

The stock value of the company would crash if you are forcing so many shares to be sold at once

[OSR stands with Israel]

The problem with a wealth tax isnt the fact that Bill Gates or Jeff Bezos would be a lot less richer the problem is that it would significantly impact companies like Microsoft and Amazon and their ability to do the innovations they did.

 Why would it hurt these publicly traded companies if more of their shares were available to the public instead of a few founders?

The stock value of the company would crash if you are forcing so many shares to be sold at once

 Bezos regularly sells Amazon stock in the hundreds of millions or even billion when he wants to fund his space company, so I'm not buying that.

Jeff Bezos sells Amazon stock worth $2.8 billion last week

 Ya'll really got people in here saying anything, with no research or knowledge. It's embarrassing.

No research of knowledge lmao:

https://taxfoundation.org/impact-piketty-s-wealth-tax-poor-rich-and-middle-class/

This is not even including her proposal to tax capital gains annually instead of after the point of sale which is insanity in every way .

[OSR stands with Israel]

No research of knowledge lmao:

https://taxfoundation.org/impact-piketty-s-wealth-tax-poor-rich-and-middle-class/

Quoting a rightwing think tank is not research.

 You said Bezos selling stock would make Amazon stock price crash, I showed you how he sold billions of dollars of stock and nothing happened. So what's the dispute?

First of all to pay for the wealth tax Bezos would have to dump over 6 billion in stocks which is a significant increase from 2.8 billion and unlike when he sold 2.8 Billion in stock this time Bill Gates would have to dump billions in stock he has in Micrsoft, so would Mark Zuckerburg in Facebook, so would Elon Musk in Tesla, etc all in a very short span and so on and so with many other companies.



 

[OSR stands with Israel]

No research of knowledge lmao:

https://taxfoundation.org/impact-piketty-s-wealth-tax-poor-rich-and-middle-class/

Quoting a rightwing think tank is not research.

 You said Bezos selling stock would make Amazon stock price crash, I showed you how he sold billions of dollars of stock and nothing happened. So what's the dispute?

First of all to pay for the wealth tax Bezos would have to dump over 6 billion in stocks which is a significant increase from 2.8 billion and unlike when he sold 2.8 Billion in stock this time Bill Gates would have to dump billions in stock he has in Micrsoft, so would Mark Zuckerburg in Facebook, so would Elon Musk in Tesla, etc all in a very short span and so on and so with many other companies.



 

 Says who?

 He sold nearly 3 billion in stock in a single week and there was no tangible effect on markets or Amazon stock price.

 A six billion dollar tax bill could be broken into 4 quarters and would be $1.5 billion, very doable. And it would fund tremendous social programs that would have their own stimulative effect on the economy. Like millions of women working because they had competent childcare, or students studying fields that could lead to new innovations and close the skills gap instead of chasing a job in finance because it offers job security and healthcare benefits.

LMAO its just not 6 billion of stock value being sold on the market, as that is just from one person . The total amount of stock being dumped would be far far more than that and would destroy capital investments as well. By the way its just not her wealth tax to its her mark-to-market capital gains tax plan which will tax capital gains annually then you know when you actually make a gain . Its lunacy in everyway possible


Tell me how do you think it is possible for the economy to grow without capital investment


Also there is nothing wrong with trying to get a job in finance, its an excellent job to have.

[OSR stands with Israel]

Also there is nothing wrong with trying to get a job in finance, its an excellent job to have.

If you want it but not if there's a brain drain because of massive income inequality, where intelligent people are stuck working in tax avoidance field and finance because that's where all the jobs are. Something that completely kills innovation in the real world.

There are more jobs in IT but I see you didnt address the other points I made .


Also without a good amount of investment, there will be little to no innovation

[OSR stands with Israel]

I am hoping she does well now so the left wing vote can be split , making it easier for Biden

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She is grifting at this point and looks pathetic. At this point she must be continuing this campaign to raise money to settle her campaign debts.

The more she stays in the better, as that just hurts Bernie