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2019-09-27 Home Front: Politix
Wall Street Warns Dems: No Donations if You Nominate Liz Warren
[PJMedia] Wall Street and the DNC have been in bed together like a couple of newlyweds for years now, but the honeymoon might finally end if Senator Elizabeth Warren takes the presidential nomination next year.

CNBC's Brian Schwartz reports that "several high-dollar Democratic donors and fundraisers in the business community" plan to "sit out the presidential campaign fundraising cycle" should Warren sit -- must... resist... urge... to... make... sit Indian-style joke -- at the top of the ticket. A private equity executive who wishes to remain anonymous told the network, "You’re in a box because you’re a Democrat and you’re thinking, ’I want to help the party, but she’s going to hurt me, so I’m going to help President Trump'."
Funny how people move in their best intrest instead of the "party"
Warren's proposed "wealth tax," while of dubious constitutionality, threatens to place a 2% tax on the wealth -- not earnings -- of households worth $50 million or more. That's a lot of Wall Street people, it's safe to say.

"Democratic" socialist candidate Bernie Sanders promises an even bigger wealth tax, with a 1% levy on households worth more than $32 million, going all the way up to 8% for fortunes over $10 billion. So far Wall Street doesn't feel as threatened by the prospect of a Bernie candidacy, but with frontrunner Joe Biden sinking in poll after poll, who knows what might happen as the voting starts in Iowa next February.
Biden is done and Ms. Fake is the darling of the regressive left. She can't walk back comments in this day and age and she has lost the Wall Stree doners, the union workers and a good chunk of Middle America. Hence the impeachment push from the Demoncrats
Posted by DarthVader 2019-09-27 00:00|| E-Mail|| Front Page|| [6459 views ]  Top

#1  place a 2% tax on the wealth -- not earnings -- of households worth $50 million or more

Of course when that failed to generate the expected revenue that $50 million threshold would have to be lowered and the 2% rate raised until it did - which it never would, even if all the wealth was transferred to the government.
Posted by Glenmore 2019-09-27 03:47||   2019-09-27 03:47|| Front Page Top

#2 The old bait and switch ploy.
Posted by JohnQC 2019-09-27 06:37||   2019-09-27 06:37|| Front Page Top

#3 One can hope this happens.
Posted by Uleck Spererong9442 2019-09-27 06:59||   2019-09-27 06:59|| Front Page Top

#4 Much like Hillary in 2016, the Dems have a lousy field of candidates--whether it's Biden or Warren or whomever. The Dems are desperate and that is why they are going after Trump so hard. They've been trying to cripple him ever since before Day 1.

This will not end well for the Dems. I'd wouldn't be surprised if the Dems don't end up destroying their party. They are making Trump stronger and stronger by showing their true colors.
Posted by JohnQC 2019-09-27 07:51||   2019-09-27 07:51|| Front Page Top

#5 I'd wouldn't I wouldn't
Posted by JohnQC 2019-09-27 07:52||   2019-09-27 07:52|| Front Page Top

#6 Don't get cocky kids.
Posted by AlanC 2019-09-27 08:17||   2019-09-27 08:17|| Front Page Top

#7 "No wampum for you!"

- The Donation Nazi
Posted by Raj 2019-09-27 08:59||   2019-09-27 08:59|| Front Page Top

#8 We can work this out.
Posted by Procopius2k 2019-09-27 10:33||   2019-09-27 10:33|| Front Page Top

#9 Of course, true total redistribution would be exemplified by the "gray goo" that keeps Ted Kaczynski and Bill Joy up at night...
Posted by M. Murcek 2019-09-27 11:13||   2019-09-27 11:13|| Front Page Top

#10 Must be tough to come up with decent candidates when you have a political party full of communists, lunatics and imbeciles.
Posted by Abu Uluque 2019-09-27 11:18||   2019-09-27 11:18|| Front Page Top

#11 The French actually tried this recently, it of course failed, and now they're dismantling it.

What provincial idiots we have in this country's Left wing...
Posted by Lex 2019-09-27 13:08||   2019-09-27 13:08|| Front Page Top

#12 I suspect they subconsciously want Trump so denying the Dems money is their compromise.
Posted by ruprecht 2019-09-27 19:52||   2019-09-27 19:52|| Front Page Top

#13 #10 Must be tough to come up with decent candidates when you have a political party full of communists, lunatics and imbeciles.

How dare you insult imbeciles like that.
Posted by bbrewer126 2019-09-27 21:17||   2019-09-27 21:17|| Front Page Top

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