Opinion: Why Elizabeth Warren will fail to shine in her moment on the trail - - PressFrom - US

Opinion Why Elizabeth Warren will fail to shine in her moment on the trail

03:25  07 october  2019
03:25  07 october  2019 Source:   thehill.com

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  Prof challenges Facebook for removing Warren controversy page The owner of a website that details various controversies surrounding Sen. Elizabeth Warren, D-Mass., says an accompanying Facebook page was taken down without any notice after it was deemed in violation of Facebook's policy against impersonation.William Jacobson, a law professor at Cornell Law School, owns and runs elizabethwarrenwiki.org — a website dedicated to various controversies surrounding the Democratic presidential candidate, particularly her claims to have Native American heritage.

Elizabeth Ann Warren (née Herring; born June 22, 1949) is an American politician and former academic serving as the senior United States Senator from Massachusetts since 2013.

--In an interview with The Young Turks' Cenk Uygur, Sen. Elizabeth Warren (D-MA) fails to adequately explain why she did not support Bernie Sanders in the

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Why Elizabeth Warren will fail to shine in her moment on the trail© Greg Nash Why Elizabeth Warren will fail to shine in her moment on the trail

This is the moment to shine for Elizabeth Warren. The field of Democratic candidates is being cleared for her by a combination of fate and baggage, as Joe Biden faces fallout from his Ukraine connections and Bernie Sanders deals with a heart condition.

From stem to stern, the senator from Massachusetts has marketed herself as the candidate with everything thought out. For every problem facing our nation, her slogan says she "has a plan for that." Warren is running on a myriad of big government programs including Medicare for all, student loan debt cancellation, and free college tuition. Her plan to pay for these promises includes a wealth tax of 2 percent on fortunes above $50 million and 3 percent on fortunes above $1 billion.

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Why Elizabeth Warren is the one to watch. Sen. Elizabeth Warren (D-Mass.), a Democratic presidential candidate, at the Iowa State Fair in Among the remaining contenders for the Democratic presidential nomination, it seems clear that Elizabeth Warren has so far made the most of 2019.

Elizabeth Warren spoke with TYT’s Ryan Grim outside of the capitol. Ana Kasparian, John Iadarola, and Jayar Jackson, the hosts of The Young Turks, discuss

To many voters, her plans sound attractive, and her years in academia lend to her pitch. She is articulate and crafty enough to crib Bernie Sanders' platform while arguing that she just wants capitalism with a human face. In reality, however, the Harvard professor hoping that you don't do the math yourself when it comes to her grandiose pitch. Almost every element of her plans would drive political discourse to the left while weakening our political and economic system to make it susceptible to crony capitalism.

Even the centerpiece of Warren's platform is obviously unworkable. A wealth tax on fortunes above $50 million is touted as the funding mechanism for a plethora of new programs. But European nations have attempted numerous such wealth taxes-and none have been successful. Since 1990, the number of European states with such a levy has fallen from 12 to three, including otherwise low-tax Switzerland. Between 2000 and 2012, France's burdensome wealth tax caused 42,000 millionaires to flee the country; one economist estimated that "while the wealth tax raised about 3.5 billion euros a year, the government lost 7 billion euros a year from reductions in other taxes." The nation ultimately scrapped the impost in 2018.

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Elizabeth Warren Fighting For Progressive Causes And Hillary Clinton The Massachusetts senator has become one of the most aggressive anti-Trump voices in her party. They invoke her name in emails, want her on the campaign trail and run ads featuring her singing their praises. There's no question

ElizabethWarren .com is the official website of Warren for President. Sign up now to join our grassroots team. Elizabeth grew up on the ragged edge of the middle class in Oklahoma and became a teacher, a law professor, and a US Senator because America invested in kids like her.

While a wealth tax is likely unconstitutional in the US to begin with, it is certainly unenforceable in the way that Warren desires. Look no further than what happened in 1990, when President George H.W. Bush caved to Congressional Democrats to raise taxes on luxury goods. Commonly referred to as the "yacht tax," it implemented excise taxes on goods associated with the wealthy such as cars, jewelry, private jets, and furs.

When the levy was passed, Congress predicted it would bring in $31 million during the first year-the actual haul was half of that. As a result, consumption of the high-end goods fell and prices soared. The most tangible results of the tax were most devastating for middle class workers, as nearly 10,000 jobs were destroyed in the luxury goods industry-and the $17.6 million in new tax revenue was offset by over $24 million in lost income tax and unemployment benefits for the newly out-of-work industrial employees. The taxes were slowly (and quietly) repealed during the 1990s and early 2000s.

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Even when she taps into the colloquial vernacular that’s characteristic of her Oklahoma roots, the Democratic presidential candidate risks appearing inauthentic.

Elizabeth Warren kicks off a barely veiled campaign for the 2020 presidential nomination Meanwhile, it's understandable why Warren would want to set the record straight on her ethnic Yet to many voters, all this highlights is the absurdity of monolithic declarations of identity that fail to address more

But perhaps the biggest problem with Warren's wealth tax plan is that it would bring in an average of just $2.75 trillion over the following decade-which would provide less than 10 percent of the total cost of just one of Warren's major policy planks, Medicare for All. Warren won't state the obvious: to pay for any of her policy proposals, they would require a massive middle class tax hike.

Even worse, Warren actually proposes a frightening Office of United States Corporations through her "Accountable Capitalism Act." According to the Act, workers must represent 40 percent of corporate boards of companies worth more than $1 billion. It also institutes strict controls on political spending and requires a corporate charter approved by the federal government. As CNBC warns, Warren's proposal is a "recipe for crony capitalism."

A federal corporate charter administered by an appointee of the president is Orwellian. After all, the idea of government control of private industry is among the textbook definitions of fascism and its concept of "corporatism." Corporation's charters-and their legal right to do business-could be revoked by Washington. If you are a Democrat and want President Warren to have this power over private business, then President Trump 2.0 would have that power, as well.

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Elizabeth Warren unleashed a blistering attack against Donald Trump Monday in her debut on the 2016 campaign trail , delivering a fiery speech that resembled a live audition for the role of Hillary Clinton's top surrogate -- or vice president.

Even though Warren's policies won't actually work for you and me, we know it will work for Washington. An exploding federal bureaucracy and tax service to collect revenue will be a fat bottom dollar for DC bureaucrats. And similar to the wealth taxes in European nations before repeal, wealthy Americans will lobby Congress for exemptions to the tax.

Replacing institutions with leviathan government labyrinths will only serve to aid those wealthy enough to either manipulate the system or sidestep it altogether. When Lizzie Warren tries to give the wealthy 40 whacks and comes up dry, don't be surprised when you are paying the taxes she promised you Bezos and Gates would.

Kristin Tate is a libertarian writer and an analyst for Young Americans for Liberty. She is an author whose latest book is "How Do I Tax Thee? A Field Guide to the Great American Rip-Off." Follow her on Twitter @KristinBTate.

O'Rourke accuses Warren of being 'punitive' in proposals .
Former Rep. Beto O'Rourke (D-Texas) sparred with Sen. Elizabeth Warren (D-Mass.) over her proposed "wealth tax" to pay for her sweeping policy proposals at the Democratic presidential debate in Ohio on Tuesday night. O'Rourke, one of several candidates to question Warren's and Sen. Bernie Sanders's (I-Vt.) more liberal proposals, which include "Medicare for All" and a tax on the wealthiest Americans, said Warren "sometimes ... is more focused on being punitive or pitting one part of the country against the other instead of lifting people up.

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