Elizabeth Warren is crazy

Or stupid or a Democrat.

The senator from Massachusetts is proposing an “Accountable Capitalism Act,” which would “require that corporations that earn more than $1 billion in revenue a year (note ‘revenue,’ not ‘profits’) would need a federal ‘charter’ in order to operate. This charter would obligate these companies to consider all ‘stakeholders,’ not just shareholders, when making decisions. The bill would also require these corporations to permit employees to elect 40 percent of the company’s board of directors; a super majority of 75 percent of directors and shareholders would have to approve political donations. (Gee, I wonder if somebody will propose something similar for unions?) Shareholders would be permitted to sue the company if they felt its actions were driven purely by profit and did not reflect the desires of its many ‘stakeholders.’”

https://legalinsurrection.com/2018/08/elizabeth-warren-wants-to-weaponize-and-federalize-corporations-for-social-justice-activism/

Or as Vox puts it: “Instead of advocating for expensive new social programs like free college or health care, she’s introducing a bill Wednesday, the Accountable Capitalism Act, that would redistribute trillions of dollars from rich executives and shareholders to the middle class — without costing a dime.”

https://www.vox.com/2018/8/15/17683022/elizabeth-warren-accountable-capitalism-corporations

Whaat?? My economics education consists of an A in Economics 101, a required course. Other than that, I know as much as Father Guido Sarducci: “By low, sell high.”

And I know this from being alive for 72 years and 8 months: Anytime the government says “it won’t cost a dime,” hold onto your billfold or purse, ‘cause a collector is on his way to your bank.