The Republicans (and half the Dems) response:
And in usual fashion they’ll pull the fact that we’re all hostage to the stock market: "We need to stand up for working people and hold giant companies responsible for decisions that hurt workers and consumers while lining shareholders’ pockets.”
Republicans: Comrade Warren wants to ruin your 401k! She wants you to be poor at retirement!!
Elizabeth Warren has been terrible at her job but successful at poisoning progressive movements in the US. She worked for banks before becoming a senator and was deeply involved in undercutting Bernie Sanders’ support in 2016. Don’t believe a word she says because it is literally there to cloud the truth.
I don’t think this is true. What do you mean by “deeply involved”? Just that she didn’t endorse him, or something else?
Warren has done good work at the CFPB. She undercut Bernie because she was incredibly competent and knowledgeable, and granted to the right of him a bit politically but almost anyone elected in government is. She would have been a much better choice than Billary, has progressive receipts and would have spoken to economic issues that pull in more voters; instead the Democratic party fucked Sanders and anointed Hillary who was running a platform of “bomb Iran” in the primaries and made the job easy for the media who had decades of Clinton material to pull from.
Best idea I’ve heard in awhile.
I feel like it’s no coincidence for her to introduce this when Republicans gave full control (yeah, I know, not technically yet) of congress, and it will never have a chance of going anywhere.
Luigi has been more effective.
There’s no way the Republicans will allow anything in this bill to pass.
We can’t even hold domestic terrorism rapists accountable…
She’s not a serious person. This is theater (a comedy routine) to appease the public, everybody in Washington knows Lizzie works for the big banks <cough cough Goldman Sachs>
lol, useless, just like sanders. want to do something real liz, introduce a bill to hold healthcare insurance ceo’s personally liable for denying medically necessary and professionally ordered medical procedures and prescriptions. that’d be something. but she won’t do that. holding “capitalism” accountable, whatever the fuck that means, means nothing gets done, she risks nothing, we gain nothing.
I guess we should just never try then. Wrap it up everybody, we’re stuck like this forever because no one is good enough.
never try to do fucking what, what exactly do you think she’s “trying to do” here
The bill would mandate corporations with over $1bn in annual revenue obtain a federal charter as a “United States Corporation” under the obligation to consider the interests of all stakeholders and corporations engaging in repeated and egregious illegal conduct can have their charters revoked.
The legislation would also mandate that at least 40% of a corporation’s board of directors be chosen directly by employees and would enact restrictions on corporate directors and officers from selling stocks within five years of receiving the shares or three years within a company stock buyback.
All political expenditures by corporations would also have to be approved by at least 75% of shareholders and directors.
Pretty words. Will never be implemented. Why was it not introduced when it had a chance to pass? Or at least invoke more talk?
As it is now, hardly anyone will hear of it and it will be forgotten soon, except as a sound bite promoting fund drives.
And so I say again, I guess we should just never try then.
Technically this bill is not trying. It’s grifting.
The only point of her making this bill is to help her fund raisers later.
There are many people trying
but she won’t do that
Both her and sanders have repeatedly pushed for Medicare for all which would destroy the private health insurance industry.
holding “capitalism” accountable, whatever the fuck that means
Did you read the article or just the headline? Because it does have some effective means of disempowering the corporate class.
The legislation would also mandate that at least 40% of a corporation’s board of directors be chosen directly by employees
If 40% of the board of united was chosen by employees then they would have some influence in choosing a CEO that won’t fire them and replace them with an ai to reject claims.
