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PostPosted: Sat Aug 18, 2018 3:09 pm 
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https://www.warren.senate.gov/newsroom/ ... talism-act

Well, at least now we won't have to hear people claim she isn't a far left liberal. Beyond that the only thing I can figure is she is making an early attempt at cornering the Bernie Sanders' voters as she prepares for her 2020 WH run.

There is nothing in this proposal that would even remotely help create jobs, help our economy, encourage investment or expansion. It's highlights appear to be the following:

1] Requiring corporations valued at over 1 billion attain a federal charter, which the Gov't could revoke for them violating the regulations of the Bill.

In other words complete Gov't control over the actions of the corporation.

2] Requires that at least 40% of the board of directors be from the corporations work force.

In other words 40% of the BOD would be comprised of unqualified people.

3] Restrict sales of stock by board members within 5 years of obtaining them or 3 years after a buy back.

In other words the federal gov't has control over board members personal finances.

4] Requires a 75% approval from both the board and the shareholders before the corporation could spend money on political causes.

In other words no corporation would ever be permitted to ever again spend money to support a political party, candidate or cause. Pretty much achieving the lefts goal of cutting off funds that go to the GOP.

5] Any person who owns even 1 share of stock would have the legal right to sue the corporation for what they [ the shareholder] perceived as violations of this act.

In other words every corporation in the USA would be bombarded by endless lawsuits.

This proposal has been challenged by many, many people. Most of whom are businesspeople who have and are running major corporations. They primarily speak about how bad these changes would be as well as the economic problems it would cause.

https://www.cnbc.com/2018/08/15/economi ... ided-.html

Again, this Bill is so bad and reeks of the back door socialism the far left wants, the only explaination can be is Warren is going after Bernie voters. I can't imagine any other than a very small handful of elected Democrats supporting any part of this Bill if it had even a slight chance of ever becoming law.

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"my choice is for people like you to be deported -Ike Bana 5/13/18

"within weeks of being rid of the likes of you, rid of every fucking one of you,we would begin to see what kind of country this ought to be" Ike Bana 6/14/18


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PostPosted: Sat Aug 18, 2018 3:23 pm 
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https://www.warren.senate.gov/newsroom/press-releases/warren-introduces-accountable-capitalism-act

Well, at least now we won't have to hear people claim she isn't a far left liberal. Beyond that the only thing I can figure is she is making an early attempt at cornering the Bernie Sanders' voters as she prepares for her 2020 WH run.

There is nothing in this proposal that would even remotely help create jobs, help our economy, encourage investment or expansion. It's highlights appear to be the following:

1] Requiring corporations valued at over 1 billion attain a federal charter, which the Gov't could revoke for them violating the regulations of the Bill.

In other words complete Gov't control over the actions of the corporation.

2] Requires that at least 40% of the board of directors be from the corporations work force.

In other words 40% of the BOD would be comprised of unqualified people.

3] Restrict sales of stock by board members within 5 years of obtaining them or 3 years after a buy back.

In other words the federal gov't has control over board members personal finances.

4] Requires a 75% approval from both the board and the shareholders before the corporation could spend money on political causes.

In other words no corporation would ever be permitted to ever again spend money to support a political party, candidate or cause. Pretty much achieving the lefts goal of cutting off funds that go to the GOP.

5] Any person who owns even 1 share of stock would have the legal right to sue the corporation for what they [ the shareholder] perceived as violations of this act.

In other words every corporation in the USA would be bombarded by endless lawsuits.

This proposal has been challenged by many, many people. Most of whom are businesspeople who have and are running major corporations. They primarily speak about how bad these changes would be as well as the economic problems it would cause.

https://www.cnbc.com/2018/08/15/economi ... ided-.html

Again, this Bill is so bad and reeks of the back door socialism the far left wants, the only explaination can be is Warren is going after Bernie voters. I can't imagine any other than a very small handful of elected Democrats supporting any part of this Bill if it had even a slight chance of ever becoming law.
Before you step to your keyboard to type anything get you fucking ass to a library and research socialism. You don’t understand a goddamn thing.

As for workers on boards guess which CAPITALIST COUNTRY has that. Germany. Hardly a socialist country.

Just because businesspeople and those who run corporations are challenging it that doesn’t mean a damn thing.

As for defunding the right, you hack, the right in the person of people like your false god and the NAM as well as the U.S. Chamber of Commerce, the various RW think tanks and ALEC have sought this for decades. It is one of the reasons they attack unions in general and public unions in particular.

Corporations having a federal charter? Aw, what a fucking shame. Corporations, since RW courts decided they were human would get oversight regarding their actions. Boo fucking hoo.

You need a lesson in economics, business, law, the social constructs created by society to organize it and history.

Corporations, starting with banks, need to be told when to sit, stand and salute.

And it ain’t socialism but you lack the mental capacity to understand that. Either that or you are too damn lazy to go find out.

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The new motto of the USA: Unum de multis. Out of one, many.


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PostPosted: Sat Aug 18, 2018 3:35 pm 
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Before you step to your keyboard to type anything get you fucking ass to a library and research socialism. You don’t understand a goddamn thing.

As for workers on boards guess which CAPITALIST COUNTRY has that. Germany. Hardly a socialist country.

Just because businesspeople and those who run corporations are challenging it that doesn’t mean a damn thing.posting.php?mode=edit&f=2&p=420675#

As for defunding the right, you hack, the right in the person of people like your false god and the NAM as well as the U.S. Chamber of Commerce, the various RW think tanks and ALEC have sought this for decades. It is one of the reasons they attack unions in general and public unions in particular.

Corporations having a federal charter? Aw, what a fucking shame. Corporations, since RW courts decided they were human would get oversight regarding their actions. Boo fucking hoo.

You need a lesson in economics, business, law, the social constructs created by society to organize it and history.

Corporations, starting with banks, need to be told when to sit, stand and salute.

And it ain’t socialism but you lack the mental capacity to understand that. Either that or you are too damn lazy to go find out.


Speaking of lazy I am guessing you didn't bother looking at my links.

Robert Johnson compared the proposal to Karl Marx while a Harvard economics prof says it would help destroy capitalism. While you are technically correct that it wouldn't have the gov't owning the means of production. It would however through Gov't regulations controlling the profits of the means of production. Which is where I came up with my socialism through the back door comment. After all what is the difference? Also once it destroys capitalism what would be left?

I can also supply you with a link where Steve Forbes says it would destroy future investment and speculation.

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"my choice is for people like you to be deported -Ike Bana 5/13/18

"within weeks of being rid of the likes of you, rid of every fucking one of you,we would begin to see what kind of country this ought to be" Ike Bana 6/14/18


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PostPosted: Sat Aug 18, 2018 4:23 pm 
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Do you know where corporations are chartered now, glen?

Let's start with the basics.


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PostPosted: Sat Aug 18, 2018 4:29 pm 
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The actual text from the link (which IS, for ONCE, Warren's own words, not some right-wing view of them). The rest of the paragraphs give a good explanation, which is far different that glen's:


Requires very large American corporations to obtain a federal charter as a "United States corporation," which obligates company directors to consider the interests of all corporate stakeholders: American corporations with more than $1 billion in annual revenue must obtain a federal charter from a newly formed Office of United States Corporations at the Department of Commerce. The new federal charter obligates company directors to consider the interests of all corporate stakeholders - including employees, customers, shareholders, and the communities in which the company operates. This approach is derived from the thriving benefit corporation model that 33 states and the District of Columbia have adopted and that companies like Patagonia, Danone North America, and Kickstarter have embraced with strong results.

Empowers workers at United States corporations to elect at least 40% of Board members: Borrowing from the successful approach in Germany and other developed economies, a United States corporation must ensure that no fewer than 40% of its directors are selected by the corporation's employees.

Restricts the sales of company shares by the directors and officers of United States corporations: Top corporate executives are now compensated mostly in company equity, which gives them huge financial incentives to focus exclusively on shareholder returns. To ensure that they are focused on the long-term interests of all corporate stakeholders, the bill prohibits directors and officers of United States corporations from selling company shares within five years of receiving them or within three years of a company stock buyback.

Prohibits United States corporations from making any political expenditures without the approval of 75% of its directors and shareholders: Drawing on a proposal from John Bogle, the founder of the investment company Vanguard, United States corporations must receive the approval of at least 75% of their shareholders and 75% of their directors before engaging in political expenditures. This ensures any political expenditures benefit all corporate stakeholders.

Permits the federal government to revoke the charter of a United States corporation if the company has engaged in repeated and egregious illegal conduct: State Attorneys General are authorized to submit petitions to the Office of United States Corporations to revoke a United States corporation's charter. If the Director of the Office finds that the corporation has a history of egregious and repeated illegal conduct and has failed to take meaningful steps to address its problems, she may grant the petition. The company's charter would then be revoked a year later - giving the company time before its charter is revoked to make the case to Congress that it should retain its charter in the same or in a modified form.


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PostPosted: Sat Aug 18, 2018 4:37 pm 
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Do you know where corporations are chartered now, glen?

Let's start with the basics.



Yes they are chartered by individual states. Anymore questions you need answered?

BTW, how is any of those items listed in the Warren proposal going to help improve the US economy or promote business expansion or promote investment?

None of them will, in fact they will have just the opposite effect. It goes directly to the semi joke I like to use around here. The left's plan for economic development is:

1] Higher Taxes
2] Stricter regulations
3] More Unionization
4] Higher Wages
5] Lower Profits

What corporation wouldn't want to expand and invest under those conditions.


Except with Warren it isn't a joke she actually has proposed doing it. While I agree we need reforms and the pendulum has swung to far in the favor of corporate America. Can you envision the stock market crash that would occur if Warren were ever able to get that bill passed into law? Plus, what that crash would do to things like your pension fund?

The results if that Bill were ever made into law would be devastating to the US and the Worlds economy.

_________________
"my choice is for people like you to be deported -Ike Bana 5/13/18

"within weeks of being rid of the likes of you, rid of every fucking one of you,we would begin to see what kind of country this ought to be" Ike Bana 6/14/18


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PostPosted: Sat Aug 18, 2018 4:41 pm 
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https://www.theguardian.com/us-news/201 ... -companies

This link seems to praise it as being a redistribution of wealth.

_________________
"my choice is for people like you to be deported -Ike Bana 5/13/18

"within weeks of being rid of the likes of you, rid of every fucking one of you,we would begin to see what kind of country this ought to be" Ike Bana 6/14/18


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PostPosted: Sat Aug 18, 2018 4:43 pm 
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Yes they are chartered by individual states. Anymore questions you need answered?

BTW, how is any of those items listed in the Warren proposal going to help improve the US economy or promote business expansion or promote investment?

None of them will, in fact they will have just the opposite effect. It goes directly to the semi joke I like to use around here. The left's plan for economic development is:

1] Higher Taxes
2] Stricter regulations
3] More Unionization
4] Higher Wages
5] Lower Profits

What corporation wouldn't want to expand and invest under those conditions.


Except with Warren it isn't a joke she actually has proposed doing it. While I agree we need reforms and the pendulum has swung to far in the favor of corporate America. Can you envision the stock market crash that would occur if Warren were ever able to get that bill passed into law? Plus, what that crash would do to things like your pension fund?

The results if that Bill were ever made into law would be devastating to the US and the Worlds economy.

Let's be clear here: Corporations are a construct of government. Without a government, corporations would not exist. So, why should a multinational corporation just be given a state charter? It should be a charter of the FEDERAL government, so that it can be better regulated.

Corporations today need to be severely overhauled. They are criminal enterprises that ignore and flaunt the law. The only thing the government does when they are found to have broken the law, and even killed people is to give them fines, which they just consider a cost of doing business. They break the law every day, and just pay the fines when caught.

Look at what Wells Fargo did. Did anyone go to jail for it? Of course not! That's why they did it. The folks that ordered the company to break the law didn't pay the fines out of their pocket, hell, they got pay raises!

So, glen, you don't like what Warren suggested. Why don't YOU give us a proposal on what to do about corporations?


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PostPosted: Sat Aug 18, 2018 4:44 pm 
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Speaking of lazy I am guessing you didn't bother looking at my links.


You're a fucking white christian confederate troll. I, for one, will not waste a nanosecond of my precious time on this planet looking at a link from you.

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PostPosted: Sat Aug 18, 2018 5:07 pm 
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You're a fucking white christian confederate troll. I, for one, will not waste a nanosecond of my precious time on this planet looking at a link from you.



Some of us were hoping to have a real discussion about this issue and proposal. You are most welcome to join in and add to the discussion. Hopefully with something more than your usual personal attacks.

Your attacking my grandparents says all anyone needs to know about you and the type of person you are, how soon before you attack my mother?

BTW my first link is from Warren's website.

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"my choice is for people like you to be deported -Ike Bana 5/13/18

"within weeks of being rid of the likes of you, rid of every fucking one of you,we would begin to see what kind of country this ought to be" Ike Bana 6/14/18


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PostPosted: Sat Aug 18, 2018 6:02 pm 
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Some of us were hoping to have a real discussion about this issue and proposal.


Some of us, I venture to say, most of us know there's no such thing as a real, legitimate discussion with you, glen.

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PostPosted: Sun Aug 19, 2018 6:35 pm 
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One of glen's glaring problems is his obvious worship of the CEO class, and he believes they are higher beings than us working folks. They aren't. Smart, educated members of the employees can be an important and vital part of a Board of Directors. For one thing, they can stand against the wild inflation of executive compensation, and be a strong proponent that you get what you pay for in worker pay. Cutting worker pay often brings great harm to the company.

For instance, the last CEO of Circuit City, Philip J. Schoonover, destroyed the company by drastically cutting employee salary in order to increase his bonuses. The cuts quickly drove the company into bankruptcy and liquidation.

There's too many instances of CEOs and Boards destroying companies with bad decisions. Having employees on the boards are something that's been very successful in other countries.


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