The new Fox News Lie shows they are doing what they are excellent at doing. They are reframing Senator Elizabeth Warren's new policy designed to help the poor, working-class, and middle-class as scary, as dangerous socialism bordering on communism. This new lie is so blatant it requires a response from all Progressives.
The Democratic Establishment should not fall for this Fox News lie, a fear scheme similar to the Obamacare debate one where they caved on much. This worker-centric good policy works very well in countries like Germany, and it is imperative that instead of cowering we enlighten people.
Fox News' Ed Henry interviewed Walzer Wealth Management CEO Rebecca Walzer about Senator Elizabeth Warren's new bill, the Accountable Capitalism Act. One of the major aspects of the bill is to make all PUBLIC corporations over $1 Billion is size must register federally. Moreover, employees would get the ability to appoint 40% of the board of directors. Additionally, it restricts the shenanigans corporate executive play with paying themselves with shares.
There is no government ownership or involvement in these corporations. As public entities who our Supreme Court has deemed persons, she wants to give them some morals and prevent them from having absolute reign over humanity. Fox News Lied and called that the "largest seizure of private property in human history."
Fox News lie is very dangerous for most Americans
— Egberto Willies (@EgbertoWillies) August 17, 2018
Fox News Host Ed Henry: Democratic Senator Elizabeth Warren unveiling a shocking new proposal that would nationalize every major business in America. The new legislation called the Accountable Capitalism Act would constitute the largest seizure of private property in human history. So what would it do to our economy? What would it look like with the government in charge of our largest corporations? Let's ask the CEO of Walzer Wealth Management, Rebecca Walzer. What's your immediate reaction to this idea that all of the sudden the government would nationalize all these companies?
Walzer Wealth Management CEO Rebecca Walzer: Well, I'm glad that she's bold enough to actually tell us exactly what she wants because now we can call a spade a spade. This is definitely socialism because socialism is public ownership of companies where all the profits are actually redistributed to stakeholders instead of shareholders. And --
Ed Henry: Yeah, let me just break down the bill for you and then we can let you pull it apart. So this is what Elizabeth Warren says because, as you point out, she's being direct, she's being blunt about saying I want socialism. "The Accountable Capitalism Act restores the idea that giant American corporations," she writes, "should look out for American interests. Corporations with more than a billion dollars in annual revenue would be required to get a federal corporate charter." She says the bill "also would give workers a stronger voice in corporate decision-making at large companies and employees would elect at least 40 percent of the directors to address self-serving financial incentives in corporate management." That's what she says is in the bill. What's your reaction to that?
Rebecca Walzer: You know Ed, it's just simply unnecessary. Corporations already answer to the American public. Look at the rise of social media. When somebody is not happy with something that corporations are doing, it's all over Twitter. There's boycotts. We already have really ownership of private corporations through boycotting. If you don't like what they're doing you don't go there. So what she's trying to do is really say let's take the profits of these corporations and let's use them for our purposes, and so what we have to look at is how good is the government at taking resources and effectively using them, and so the VA comes to mind, Medicare comes to mind, Social Security comes to mind. These are all financially inept systems and American businesses reach a billion dollars because they are privately managed and with regulation, already government regulation, they are free to do what they do.
It is imperative that we do not allow these lies to cauterize. You see, that is how the Right frame arguments beneficial to most Americans as a detriment. Ultimately, it causes them to vote against their own interests.