The Economist: Elizabeth Warren wants to remake American capitalism

[crazytown]

4. "Ms Warren champions some ideas this newspaper supports"

"Ms Warren champions some ideas this newspaper supports. One reason for inequality is that lucrative corners of the economy are locked up by insiders. She is right to call for a vigorous antitrust policy, including for tech firms, zero-tolerance of cronyism, and an end to non-compete agreements that limit workers’ ability to gain higher wages and switch jobs. Given inflation, her plan to raise the federal minimum wage to $15 over five years may be a reasonable way of helping poorer workers. The rich should indeed pay more tax, although we think the practical path is to close loopholes, such as a perk for capital gains known as carried interest, and to raise inheritance taxes, not a wealth tax. And while a carbon levy is our preferred way to fight climate change, her plan for clean-energy targets would make a big difference."