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Saving Capitalism. By Seizing Businesses

Senator Elizabeth Warren of Massachusetts kicked off her 2020 presidential campaign last month. While she hasn’t officially announced a presidential run, her latest proposal could have no other purpose than to solidify her socialist bona fides with the hardcore left in the Democratic Party. She calls it the Accountable Capitalism Act, which is ironic since there is nothing capitalist about her plan.

Warren is taking a page from the playbook of Hugo Chavez in Venezuela and proposing that the government seize control over every business with more than $1 billion in revenue.

The euphemistically dubbed “Accountable Capitalism Act” would place all businesses with more than $1 billion in revenue under complete and total federal control. The feds would dictate to these businesses the composition of their boards, the details of internal corporate governance, compensation practices, personnel policies, and much more. Control of these businesses would shift from those who actually built them to politicians and bureaucrats who would no […] → Keep reading

The Nanny State On Steroids

As bad as government intrusion is into families here in the United States, it could be a lot worse. A law introduced to the Scottish Parliament would mandate a “named person” (guardian) be appointed for every child in Scotland from birth. Said named person would “promote, support or safeguard the well being of the child or young person.” Children’s Minister Aileen Campbell said the responsibility for providing a named person will belong to health boards until the age of five, when it would be transferred to councils.

Under this proposed law, detailed personal information about every child – even down to the names of their pets – would be collected and stored in a government database. A government document seen by the Scottish Daily and Sunday Express newspaper stated the named person would have the legal right to ensure children are raised in a government-approved manner. It further states, “From the time that the child is a baby the family […] → Keep reading