Archive for the ‘Redistribution of Wealth’ Category

BLOOMBERG PUSHES CLIMATE AGENDA

Tuesday, November 26th, 2019

 

Here’s a little preview of what will be high on the agenda if Bloomberg ever becomes President.    Climate Change on steroids !!!   Please share with your email lists.  People who consider him a moderate and a reasonable pick for president should think again.  Remember how, as NYC mayor, he tried to ban the “Big Gulp”.  He is just another liberal elitist  who thinks he knows what is best for you and he has the $$$$$, power and prestige  to do it.    Nancy  Trump 2020 !
THE WASHINGTON TIMES

Bloomberg’s climate agenda finds success with privately funded state prosecutor in New Mexico

By Valerie Richardson – The Washington Times – Monday, October 28, 2019

The idea behind billionaire Michael R. Bloomberg’s State Impact Center was to promote a climate change agenda by providing state attorneys general with privately paid legal staff, and it seems to be working in New Mexico.

One of the state’s legal fellows, Robert Lundin, kept plenty busy in his first year, providing the “official legislative analysis” for the state’s “mini-Green New Deal” legislation, which passed in March, and working on the legal strategy to shut down a coal-fired electricity plant near Farmington.

Mr. Lundin was involved in the on-going process to shut down San Juan Generating Station — a large, coal-fired power plant in New Mexico,” said the attorney general’s periodic report for the State Energy & Environmental Impact Center at New York University School of Law.

“He and lead counsel discussed legal strategy with many stakeholders to determine a course of action in regards to initiating a proceeding to retire the plant,” the report said. “The [Public Regulation] Commission then, following the strategy … ordered the public utility to abandon the coal plant.”

The report, obtained through an open records request by Power the Future, offers the first public glimpse at the work being done by the Bloomberg legal fellows, or special assistant attorneys general, since the hotly debated program was announced in 2017.

Larry Behrens, Western States director of Power the Future, an all-of-the-above energy advocacy group, said the four-page document from the New Mexico attorney general’s office shows that the embedded climate advocates are influencing state decision-making.

He said Mr. Lundin was tasked with undertaking the “official analysis” of legislation to increase the state’s renewable-portfolio standard to 100% carbon-free electricity generation by 2045, “which would lead the nation,” the report said.

New Mexico Gov. Michelle Lujan Grisham, a Democrat, signed the Energy Transition Act, also known as the “mini-Green New Deal,” in March.

Here you have someone who is paid by Michael Bloomberg and who is putting forward an official opinion from the New Mexico attorney general’s office about policy in New Mexico,” Mr. Behrens said.

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THE TRUTH ABOUT INCOME INEQUALITY

Sunday, November 17th, 2019
Thanks to Ed Roney for sharing this article.  At the bottom of the article are some of the main points in the article that Ed very thoughtfully provided .  Nancy

THE WALL STREET JOURNAL

The Truth About Income Inequality

The census fails to account for taxes and most welfare payments, painting a distorted picture.

 
November 4, 2019   by Phil Gramm and John F. Early      Mr. Gramm is a former chairman of the Senate Banking Committee. Mr. Early served twice as assistant commissioner at the Bureau of Labor Statistics.
 

Never in American history has the debate over income inequality so dominated the public square, with Democratic presidential candidates and congressional leaders calling for massive tax increases and federal expenditures to redistribute the nation’s income. Unfortunately, official measures of income inequality, the numbers being debated, are profoundly distorted by what the Census Bureau chooses to count as household income.

The published census data for 2017 portray the top quintile of households as having almost 17 times as much income as the bottom quintile. But this picture is false. The measure fails to account for the one-third of all household income paid in federal, state and local taxes. Since households in the top income quintile pay almost two-thirds of all taxes, ignoring the earned income lost to taxes substantially overstates inequality.

How Redistribution Works

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ELIZABETH WARREN’S FANTASY PLAN

Tuesday, November 5th, 2019

 

THE WALL STREET JOURNAL

Warren Has a (Fantasy) Plan

Her financing and savings ideas for Medicare for All bear no relation to reality.

By the Editorial Board    November 4, 2019
EXCERPT FROM THIS ARTICLE:  There’s a reason every government-run health system in the world rations care. Ms. Warren won’t admit this explicitly about her brave new health world, but she comes close. If U.S. health-care spending exceeds GDP growth, she says, “I will use available policy tools, which include global budgets, population-based budgets, and automatic rate reductions, to bring it back into line.”

In a word, rationing. And that’s no surprise, since she credits the advice for developing much of her plan to Donald Berwick. He was an advocate for ObamaCare’s Independent Payment Advisory Board—known uncharitably as the death panel—that Congress repealed last year in a bipartisan vote.

Now we know why Elizabeth Warren took so long to release the financing details of her Medicare-for-All plan. The 20 pages of explanation she released Friday reveal that she is counting on ideas for cost-savings and new revenue that are a fiscal and health-care fantasy.
You certainly can’t criticize the new Iowa Democratic caucus front-runner for lack of ambition. Despite criticism from fellow Democrats, she is sticking to her plan for a government takeover of American health care, including the elimination of private insurance that 170 million or so Americans now have. She continues to claim that this will cost “not one penny in middle-class tax increases.” She walks on water too.

Start with the overall fiscal math, which by itself is staggering. She concedes that her plan will cost only “slightly” less than the $52 trillion that the U.S. is expected to spend on health care in the next 10 years. She deducts from that what the feds now spend on Medicare and Medicaid, plus $6 trillion that the states contribute to Medicaid, the state-federal children’s health program and government worker benefits.

That leaves $30 trillion to finance, but Senator Warren waves her wand and says the bill will really be $20.5 trillion. She makes the rest vanish by positing magical savings from things like “comprehensive payment reform.” One of her ideas is the hardy perennial known as “bundled payments,” which have failed to reduce costs as promised by Obama Care.

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VIDEO PIERS MORGAN ‘ THE LEFT HAVE BECOME UNERABLE’

Thursday, October 3rd, 2019

 


Piers Morgan “The Left Have Become Unbearable “

9,695 views
Aug 20, 2019
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VIDEO HUCKABEE – I GUESS I’M NOT AS SMART AS I THOUGHT

Wednesday, September 18th, 2019

ENJOY !

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WARREN’S ASSAULT ON RETIREE WEALTH

Thursday, September 12th, 2019

 

THE WALL STREET JOURNAL

Warren’s Assault on Retiree Wealth

Her vision of ‘accountable capitalism’ would destroy savings built over a lifetime—and sink the economy.

By Phil Gramm and Mike Solon Mr. Gramm, a former chairman of the Senate Banking Committee, is a visiting scholar at the American Enterprise Institute. Mr. Solon is a partner of US Policy Metrics.   September 11, 2019

Who owns the vast wealth of America? Old folks. According to the Federal Reserve, households headed by people over the age of 55 own 73% of the value of domestically owned stocks, and the same share of America’s total wealth. Households of ages 65 to 74 have an average of $1,066,000 in net worth, while those between ages 35 and 44 have less than a third as much on average, at $288,700.

A socialist might see injustice in that inequality. But seniors know this wealth gap is the difference between the start and the finish of a career of work and thrift, making the last mortgage and retirement payments rather than the first. Seventy-two percent of the value of all domestically held stocks is owned by pension plans, 401(k)s and individual retirement accounts, or held by life insurance companies to fund annuities and death benefits. This wealth accumulated over a lifetime and benefits all Americans.

That means it’s your life savings on the line—not the bankroll of some modern-day John D. Rockefeller—when Democrats push to limit companies’ methods of enriching their shareholders. Several Democratic congressmen and presidential candidates have proposed to limit stock buybacks, which are estimated to have increased stock values by almost a fifth since 2011, as well as to block dividend payments, impose a new federal property tax, and tax the inside buildup of investments. Yet among all the Democratic taxers and takers, no one would hit retirees harder than Sen. Elizabeth Warren.

Her “Accountable Capitalism Act” would wipe out the single greatest legal protection retirees currently enjoy—the requirement that corporate executives and fund managers act as fiduciaries on investors’ behalf. To prevent union bosses, money managers or politicians from raiding pension funds, the 1974 Employee Retirement Income Security Act requires that a fiduciary shall manage a plan “solely in the interest of the participants and beneficiaries . . . for the exclusive purpose of providing benefits to participants and their beneficiaries.” The Securities and Exchange Commission imposes similar requirements on investment advisers, and state laws impose fiduciary responsibility on state-chartered corporations.

Sen. Warren would blow up these fiduciary-duty protections by rewriting the charter for every corporation with gross receipts of more than $1 billion. Every corporation, proprietorship, partnership and limited-liability company of that size would be forced to enroll as a federal corporation under a new set of rules. Under this new Warren charter, companies currently dedicated to their shareholders’ interest would be reordered to serve the interests of numerous new “stakeholders,” including “the workforce,” “the community,” “customers,” “the local and global environment” and “community and societal factors.”

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VIDEO – DEMOCRATIC SOCIALISM EXPLAINED

Thursday, August 1st, 2019

 

This is an excellent video that explains exactly how  Democratic Socialism,  Socialism, and Communism are all connected.   Dr. Kengor is speaking to a group of Young Americans  at the Reagan Ranch. Please share with your email lists.    Nancy   

VIDEO –  DEMOCRATIC SOCIALISM EXPLAINED

Dr. Paul Kengor 

Biography
Paul Kengor
From your friends at the Institute for Faith and Freedom

PIG

 

What is “democratic socialism” and what makes it different than socialism or communism? In a speech at the Ronald Reagan Ranch in Santa Barbara, CA, Dr. Paul Kengor unpacks this complex leftist ideology, putting all the pieces on the table.

Click here to watch this video on our website to get the facts you need to have:

 

WATCH NOW!
 

Enjoy,

The Institute for Faith and Freedom

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5 MINUTE VIDEO – PRAGER U THE GREEN NEW DEAL

Tuesday, July 30th, 2019

 

5 MINUTE VIDEO – PRAGER U

What’s the Deal with the Green New Deal?
There’s been a lot of talk about The Green New Deal. Beyond the headlines, what is it really? Given our energy needs, is it practical? Can we have an abundance of energy and a clean planet? Alex Epstein, author of The Moral Case for Fossil Fuels, considers these questions and has thought-provoking answers.
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VIDEO – IS DENMARK A SOCIALIST COUNTRY? PRAGER U

Friday, April 26th, 2019

 

VIDEO – PRAGER U     IS DENMARK A SOCIALIST COUNTRY ?

Apr 22, 2019

1.2m

Socialism has failed across the world – from the Soviet Union and Eastern Europe to China, Vietnam, North Korea and, most recently, Venezuela. So now the left references countries like Denmark as “proof” that socialism works. Otto Brons-Petersen explains why they’re wrong: Denmark is just as capitalist as the United States.

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“I SURVIVED COMMUNISM” A WARNING TO CANADA AND THE U.S.

Saturday, February 9th, 2019

 

A very sobering article that was written as a warning to Canada  but also applies to the U.S regarding Communism and Socialism.  Key words that we have been  bombarded with from the Left for years are becoming louder – Socialism, Social Justice, Global Warming/Environmentalism, Equality, Save the Planet, Indoctrination of our children in the educational system, redistributing wealth, eliminating fossil fuels, Medicare for All (controlled by the government, of course).  This article addresses them all and warns what they lead to.  Thanks to Steve Bishop for sharing this article.    Nancy   

“I Survived Communism – Are You Ready For Your Turn?”

SPENCER FERNANDO JANUARY 3, 2019

The article below was written by Zuzana Janosova Den Boer, who experienced Communist rule in Czechoslovakia before coming to Canada. She said, “Having recognized all-too familiar signs of the same propaganda in my adopted country of Canada, I felt obligated to write the article below ( I survived communism – are you ready for your turn?)– because I do not want my adopted country to suffer the same fate as the country from which I emigrated (Czechoslovakia).”

Her warning is something all Canadians need to see. That’s why I’m sharing her article in full on SpencerFernando.com, and I encourage you to share it:

“I Survived Communism – Are You Ready For Your Turn?”

By Zuzana Janosova Den Boer

It was scientifically proven that communism is the only social-economic system providing the masses with justice and equality – 100% of scientists agree on this. The topic is not up for debate!”, so proclaimed my professor during one of his lectures on the subject ‘scientific communism’, while the country of Czechoslovakia was still under communist control. I was reminded of his blustery pronouncement the first time I encountered the spurious claim that “a consensus of 97% of scientists agree global warming is man-made.” Most people don’t question scientific statements because they think they are facts. They do not understand that scientific statements must always be challenged, because Science is not about ‘consensus’ideology is.

In March of 2007, the website WorldNetDaily published an article entitledEnvironmentalism is new communism. In it, the former Czech president, Vaclav Klaus, stated: “It becomes evident that, while discussing climate, we are not witnessing a clash of views about the environment, but a clash of views about human freedom.” He goes on to describe environmentalism as “the biggest threat to freedom, democracy, the market economy and prosperity.” Klaus has also written a book: “Blue planet in green shackles”, in which he states communism and environmentalism have the same roots; they both suppress freedom.” He also warns that any brand of environmentalism calling for centralized planning of the economy under the slogan of ‘protecting nature’ is nothing less than a reincarnation of communism – new communism.

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