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

[GP270watch]

 That's a completely nonsense comparison. Warren thinks of programs to help the middle class and is then overly scrutinized to how she will pay for it and she attempts an honest accounting of how she would.

 Paul Ryan advocated blowing huge holes in our budgets with endless tax cuts and then brutalizing the people who need the social safety net by shredding it to supposedly "pay" for these tax cuts. Or he would simply lie and say these tax giveaways would "pay" for themselves.

 The two are not comparable in any way and you are dishonest for even alluding to such a comparison.

[GP270watch]

As a side note, Warren's merch game is on point:

[credit: Yakanak News]

$25 mugs 
#populism

 Trump's mug is $30.

https://shop.donaldjtrump.com/products/official-trump-pence-2020-mug-red

[GP270watch]

does it say "rIcH pEoPle BAD!!" ?

 It has Donald Trump's name on it, so as a matter of fact yes!

[GP270watch]

 Warren is facing a full onslaught from the corporate media. The fact that she has the billionaire class shook up means she's probably still the real front runner. If the "smart money" is wasting their time and money to attack her they're doing so for a reason.

[GP270watch]

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."

[GP270watch]

 Seeing the replies in this Warren thread and in others just shows how the rich and money class have fundamentally won the narrative on income inequality. Even if people favor higher taxes on the rich they still speak the language of this propaganda with nonsense like "job creators", "stimulate the economy", "free market" and "innovators" and such other nonsense.

 There is an insane resistance to taking some taxes and even wealth from what are the richest people on Earth. Yet there is a class of people who we take every dime from and that's the working poor. Between private business and increasingly Government agencies the working poor literally have every dollar they make taken away from them, just trying to maintain. Where is the outrage over this? As a class the working poor are way bigger job creators than the richest Americans, they're actually America's most reliable piggy bank. More so than the middle class because they can manage to build some wealth for themselves, the working poor have basically zero.

 I urge people to really look into this subject because you'll be shocked at the numbers. And when you learn these numbers really think about how saying with a straight face that taxing hundred billionaires is really "unfair" or "unconstitutional" is completely ludicrous.

 Then realize that not only are we not taxing the tens of billionaires and hundred billionaires fairly, there are people who do nothing but dream up new schemes and cons like "opportunity zones" to shield massive amounts of money from taxation. So they're paying less taxes if no taxes at all. And there's more coming down the pipeline like capital gains being indexed to inflation and privatizing Social Security to transfer massive amounts of money to the hands of very few people.

 Trump's tax cut that he actually passed in a time of massive income inequality is literally millions of times more absurd than Warren proposed taxes and social programs and yet it passed, is going to do longterm damage to government budgets and most working folks, and has exacerbated the problem of income inequality.

[GP270watch]

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.

[GP270watch]

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.

 It's actually a formula derived from severals metrics based on data. It's not a COSMO quiz to find your perfect partner but nice try.

[GP270watch]

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?

[GP270watch]

Warren is facing a full onslaught from the corporate media. The fact that she has the billionaire class shook up means she's probably still the real front runner. If the "smart money" is wasting their time and money to attack her they're doing so for a reason.

Those billionaire journalists at it again!

Corporate owned media.

[GP270watch]

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 billions 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.

[GP270watch]

Corporate owned media.


That's a meaningless slogan for when someone prints anything leftists don't like.

 There are less independent news sources and massive consolidation has happened in the news media space by big corporations. I think it's a pretty accurate label. You watch MSNBC which is supposedly "leftist" and its owned by Comcast.

[GP270watch]

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?

[GP270watch]

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.



 

 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.

[GP270watch]

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.

[GP270watch]

I see you didn't address the other points I made .

 I did you just don't like my answers. The United States Government and the American taxpayer is the greatest investor in innovation that ever existed. The very foundation of all these technologies that these tech billionaires built their companies on would never exist without government. And the most honest among them don't even pretend that isn't the case.

 That's why it's such a tragedy that we do not tax their wealth appropriately. We could have more innovation with a bigger investment in the public good than what is happening now.

 We would have more technological, engineering, and medical innovation if PhD's went to work in research instead of going to work for hedge funds. I don't even understand how people could make a serious argument against that.

 

[GP270watch]

https://twitter.com/AdyBarkan/status/1197138187140792322

Every time I get nervous about whether Warren's MFA plan is feasible, I remember good progressives like Barkan and Pramila Jayapal think it's reasonable. If it's good enough for them, it's good enough for me.

'I live on the street now': how Americans fall into medical bankruptcy

 We have clear choices to make and we can't allow this to continue.

[GP270watch]

 You will never overcome the judiciary being stacked and biased, or the Congress being bought and paid for, if you do not get the people to embrace what policies they want. The progressive reforms of the New Deal faced the same obstacles but where overcome by sheer populism, local organization and political activism, and coalition building. Warren being in the race is a boon to these ideas. That's why the Sanders vs. Warren debate is counterproductive. You can see the evidence in the way the establishment candidates are piling up and still declaring for the Democratic primary. They fear that the Democratic party will fully embrace the progressive vision.

 

[GP270watch]

 Nobody has voted yet and I know a ton of people who are solid Warren and have been forever. Her campaign has been written off before and it was foolish then and foolish now.

[GP270watch]

That doesn't explain Buttigieg and the success he has seen though...

 What real success has he had? He's the media darling and despite that nobody is talking about his policies, he hasn't won anything, and he has at no time been the sole front runner. It seems like hype until proven otherwise.

 He also polls the weakest against Trump compared to Biden, Sanders, Warren.
 

[GP270watch]

https://twitter.com/lhfang/status/1200367457916968961

 This is why you can't sleep on Warren.

[GP270watch]

 Not all of them have to vote for her just a few, we are so polarized that small shifts in turnout or swing votes can make a big difference.

[GP270watch]

 I think reports of Elizabeth Warren political demise have been greatly exaggerated. She's most likely going to win the Democratic Party nomination.

[GP270watch]

 She hasn't made any real mistakes on Healthcare except being realistic and detailed. There's an old saying that's attributed to Reagan about politics that "When you're explaining, you're losing."

 But Warren doesn't care she's not going to win because she's the most likable, or charismatic, or most ideological pure. Her brand is diagnosing big structural problems, finding solutions, and navigating those fixes through a resistant and awful bureaucracy that's almost entirely owned by the few and powerful. That is how she wins, that's how she persisted when people wrote off her campaign in the past.

[GP270watch]

 Not true, it is reality that many other developed nations have universal healthcare provided primarily by the government or so heavily regulated that they control costs and spend less per capita than The United States. That is the reality no matter what opponents of single payer healthcare might want it to be.