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Response to Yo_Mama_Been_Loggin (Original post)

Fri Jan 25, 2019, 03:33 PM

2. Thsnks for this.

I am of two minds on this issue. It makes economic sense to free up capital that is more or less stagnated in less active investments, provided the benefits go to low- and middle-income people. They in turn will spend and thus stimulate the economy more directly, creating demand and fueling growth.

Politically, this will be a tougher sell. This will be seen as goverment “taking” or “confiscating” wealth — which it is — and spun as “punishing success.” We will have to counter that the move is intended to punish hoarding wealth and provide balance to a system that disproportionately benefits the wealthy at the expense of the poor, who are currently getting exploited.

Good on Warren for having the courage to take a bold stand. If anyone can articulate the merits of this proposal and counter the objections, it’s her.

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Yo_Mama_Been_Loggin Jan 2019 OP
exboyfil Jan 2019 #1
LineNew Reply Thsnks for this.
Qutzupalotl Jan 2019 #2
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