Elizabeth Warren has a plan to save capitalism

[FM123]

According to Vox, Elizabeth Warren has a big idea that challenges how the Democratic Party thinks about solving the problem of inequality.

Instead of advocating for expensive new social programs like free college or health care, she’s introducing a bill Wednesday, the Accountable Capitalism Act, that would redistribute trillions of dollars from rich executives and shareholders to the middle class — without costing a dime.

Warren’s plan starts from the premise that corporations that claim the legal rights of personhood should be legally required to accept the moral obligations of personhood.

Warren wants to create an Office of United States Corporations inside the Department of Commerce and require any corporation with revenue over $1 billion — only a few thousand companies, but a large share of overall employment and economic activity — to obtain a federal charter of corporate citizenship.

(Read More)

https://www.vox.com/2018/8/15/17683022/elizabeth-warren-accountable-capitalism-corporations

[Dawson Leery]

1. kick

[InAbLuEsTaTe]

2. Excellent plan! Go Elizabeth!

[GulfCoast66]

3. I haven't notice capitalism under much threat lately.

Does not seem to need saving to me.

[AlexSFCA]

4. it is under stress to become oligarchy

[GulfCoast66]

5. Like I said.

I see no real forces in a position to do it much harm.

[shanny]

6. since it isn't working for anyone except the wealthy

it needs to be saved from itself or it will just devolve into fascism. FDR did it once. whether it should be saved is another question.