Elizabeth Warren On The National Debt, Taxes & War

Video - Elizabeth Warren's Senate Campaign Talking Tour - Sep. 19, 2011

Passionate, short speech - Runs 2 minutes.  When discussing taxes, she should have hammered the theme that GE, Exxon and Goldman Sachs pay no taxes and Microsoft just 7%.  Our national tax disfunction is NOT that the wealthy pay 36% instead of 39%; it's that a majority of U.S. corporations don't pay jack shit, and hide their profits overseas, or bury them in a pile of Faustian accounting nonsense.

• IT'S OFFICIAL - Elizabeth Warren To Run For Senate

• STUDY: 25 Of Highest Paid CEOs Earned MORE Than Their Companies Paid In Taxes, Others Spent More On Lobbying Than Taxes

• Elizabeth Warren Makes Geithner Squirm Over AIG Counterparty Payments To Goldman Sachs

• 60 Minutes - Corporate Tax Havens

Comments

[TR]

Great phrase:JACK SHIT
Wonder when we wiil have ENOUGH of the JS?

http://www.bloomberg.com/news/print/2011-09-21/at-t-gave-963-275-to-lawmakers-urging-u-s-approval-of-t-mobile-purchase.html

[TR]

DB, Are you having a BIG problem with spam?

[Cheyenne]

Why 'Occupy Wall Street' makes sense

http://www.guardian.co.uk/commentisfree/cifamerica/2011/sep/21/occupy-wall-street-amy-goodman

"For the last 30 years, we've seen a political battle being waged by the super-rich against everyone else, and this [millionaire's tax] is the latest move in the shadow dance, which is completely dysfunctional economically and politically. It's the reason why young people have just abandoned any thought of appealing to politicians. We all know what's going to happen. The tax proposals are a sort of mock populist gesture, which everyone knows will be shot down. What will actually probably happen would be more cuts to social services."

[Sagebrush]

Cheyenne, I wonder if the super-rich study history?

When the French people rose up against the elite, they killed all of them they could catch and let God sort them out as to who deserved to die and who didn't. They were really pissed off!

If the elite keep raping average american citizen as they are now, the same thing could happen here. If the sh*t hits the fan and they can make it to the airport, they need to keep those corporate jets ready for a real quick takeoff. Really pissed off people is becoming an understatement in the U.S. today.

[Cheyenne]

"Cheyenne, I wonder if the super-rich study history?"

I don't know, but at least one scion of their help sure as shit did:

http://www.marketskeptics.com/2011/06/the-esf-and-its-history.html

When I get time later, I'll research the issue in this fine volume:

http://www.amazon.com/Rich-Super-Rich-Study-Power-Money/dp/0818404868/ref=cm_cr_pr_product_top

"Really pissed off people is becoming an understatement in the U.S. today."

Yup. We've got 46MM people on food stamps already, up from 32MM when the TARP bailout was enacted to help Main Street (right?). One of these days some imbecile like Charlie Munger is gonna tell the wrong people to suck it up, and then it's game on.

[ain't bullshitt'n]

I LOVE Her....She is the SMARTEST PERSON in any room she enters and scares the living SHITE out of all those on perched high up on Wall Street and in DC........You can take that to the BANK......AB

[TMan]

Her fight against the Fed and Treasury actions are great (who doesn't like to see Geithner raked over the coals in public?), but this clip concerns me. We have Ron Paul debate highlights above, and this video smacking of the "public good" justification that Ayn Rand railed against in Atlas Shrugged. Sure, we all contribute to build the roads and share in their use, but the public contribution ends when our individual use begins - some risk more and spend more time to make better and more profitable use. By her reasoning, we don't have individual rights to anything the government touches, be it anything that runs on roads, receives police protection, etc.
I agree with the goal of limiting government favoring the rich, but I disagree with her because I think the only practical way to get there is for the government to control less (less monetary control, less control of tax favoritism, less control of directing money generally). Her mentality would just give more justification for the government to take from all and give to some, like the banks and special interests.

[DailyBail]

I agree with you Tman. It was not the best clip to post. I got sucked in by her comments on the cost of war, and sort of overlooked the more objectionable parts.