Sunday, November 24, 2019

Senator Elizabeth Warren Tells Us She Is a Capitalist: She's Selling a Bridge In Brooklyn and Peddling Snake Oil

Senator Elizabeth Warren is a capitalist. She tells us so! Senator Elizabeth Warren wants to nationalize 18%, almost 1/5, of the nation’s economy. That’s socialism -not capitalism. She proclaims she is a capitalist. She is either ignorant or duplicitous. She must know, they’re in the news, that the federal government has a mediocre record with its forays into providing medical care with the VA, Indian Health Service, and Walter Reed Army Hospital. Senator Elizabeth Warren was a Native American. She told us so. She’s not!!!! Elizabeth Warren knew she was Native American because of her high cheekbones. ?????? Elizabeth warren used affirmative action to secure tenured teaching positions at the University of Pennsylvania and Harvard University. She was the only graduate of a public law school on the Harvard Law School faculty. No matter how good the University of Houston and Rutgers University are, graduates of these colleges and law schools do not get faculty positions at Harvard Law School. She claims she did not know Harvard Law School listed her as a Native American in its annual federal diversity forms. She built her professional career on a lie. Senator Warren says she’s a capitalist, but here’s what she said in a September 2011 video: “I hear all this, you know, ‘Well this is class warfare.’ No, there is nobody in this country who got rich on his own – nobody. You built a factory out there? Good for you. But I want to be clear. You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police-forces and fire-forces that the rest of us paid for. You didn’t have to worry that marauding bands would come and seize everything at your factory – and someone to protect against this – because of the work the rest of us did. Now look, you built a factory and it turned into something terrific, or a great idea. Keep a big chunk of it, but part of the underlying social contract is. You take a chunk of that and pay forward for the next kid who comes forward.” President Obama copied her statement in 2012: “If you’ve got a business, you didn’t build it.” She proclaimed: “It’s just wrong to call me a socialist.” She wants to nationalize 18% of the nation’s economy, and regulate the rest. Socialists like to spend other people’s money. She’s looking to spend 30 trillion dollars of other’s monies. The Presidential candidate says she wants to save capitalism by reforming it. Her “reforms” will replace capitalism with statism. Senator Elizabeth Warren proclaims she’s for the middle class. Elizabeth Warren consulted for or represented LTV, Travelers Insurance Company, Dow Chemical, Fairfield, and the Hunt family. Middle class? Her hourly billing rate was $675.00. Middle class? She’s a convert to progressivism, having been a die-hard conservative, registered Republican until 1996. She has a plan for everything: family farms, student loans, Medicare for All, child care, clean power, education, seemingly everything except growing the economy. The cost: $3 trillion annually on top of the current $4.6 billon budget, which is running a $1 billion deficit. Her plans will create another 20 government agencies. She will unleash an army of bureaucrats onto the American people and economy. She says she will pay for it by taxing the wealthy: wealth taxes, income taxes, estate taxes. Her wealth tax will start at 2% on $50 million and rise to 6% on $1 billion. She calls it a billionaire tax. A wealth tax on $50 million is only $950 million short of a billion. History tells us that the cost estimates are always low while the estimated revenues (taxes, fees, et al) are overly optimistic. The result is that Senator Warren’s 2%-6% wealth tax will rise while the lower limit of $50 million will drop. The wealthy lack the wealth to fund her redistributionist schemes. Nor do most people, including the wealthy, possess large amounts of cash or other liquid assets. No problem she says. They can pay the tax in stock or illiquid assets. That’s expropriation through the guise of taxation. It will be the death knell of family businesses. Her K-12 education plan promises $800 million over 10 years; it is a sop to the teachers unions while crushing charter schools. Senator Warren the other day said to a pro school choice advocate that she sent her children to public schools. Oops! Wrong again! Her son went to an expensive private school. Why should anyone believe what she says? And then we have her non-termination for being pregnant. She has said many times that she was terminated from her teaching position in 1971 when she became visibly pregnant: “At the end of the first year, I was visibly pregnant.” “The principal wished me luck and hired someone else for the job.” Her pregnancy termination claim is as valid as Hillary Clinton’s landing under fire. The 1971 Riverdale, New Jersey School Board minutes show the Board unanimously voted her a second year. The June 1971 minutes say her resignation was “accepted with regret.” She was leaving to raise a family. Another great sympathetic story, but yet again a falsehood. She says she wants the successful to pay their “fair share,” which is never defined. The burden will be on the middle class, while she sucks money out of the private economy. Her central planning will unleash an army of millions of bureaucrats on America. Her central planning will cripple the American spirit of independence, creativity, initiative and entrepreneurism. Central planning is the opposite of capitalism. She avers she wants to save capitalism by reforming it. She will destroy capitalism, just like the old medical joke: “The operation was a success, but the patient died.” She asserts “I am a capitalist, but markets need to work for more than just the rich.” They do: they work for the majority of Americans with company retirement funds, IRAs, 401K’s, and other pension plans. She is as much a capitalist as she is Native American. Who knows what Senator Elizabeth Warren really believes? She is a rank opportunist, an equal opportunity opportunist. .

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