Democratic frontrunner Elizabeth Warren unveiled a new plan Monday that would prohibit judges from owning or trading stocks; saying the move is necessary to ensure “every person is treated equally under the law.”
Warren’s proposal would “Ban judges from owning or trading individual stocks. It’s not enough for judges like James Hill to recuse in cases with conflicts of interest – my plan would eliminate the appearance of impropriety by banning federal judges from owning or trading individual stocks, while allowing them to instead invest in conflict-free mutual funds or open new investment accounts managed by the Federal Retirement Thrift Investment Board. Law firms follow rules like these to avoid the appearance of financial conflicts with the interests of their clients. Judges should certainly be held to the same standard.”
“These reforms will ensure that judges who commit serious, impeachable offenses will more likely be promptly removed from office. These changes will not only allow us to ensure accountability for bad actors, including reopening inquiries into the conduct of offenders like Brett Kavanaugh. They will also hold the vast majority of judges who act in good faith to the highest ethical standards, and in the process, begin to restore accountability and trust in a fair and impartial federal judiciary,” adds Warren’s website.
A basic principle of our federal judicial system is that judges make decisions as disinterested, impartial observers. Yet several judges have ruled on cases while owning stock in companies arguing before them.
— Elizabeth Warren (@ewarren) October 7, 2019
“A basic principle of our federal judicial system is that judges make decisions as disinterested, impartial observers. Yet several judges have ruled on cases while owning stock in companies arguing before them,” posted Warren on social media.
Read the full report at Fox News.
ANOTHER NEW DEAL? Warren Proposes Using US MILITARY to Combat Climate Change
Firebrand Senator and potential 2020 presidential candidate Elizabeth Warren unveiled her latest proposal to combat climate change Monday; suggesting the use of the US military to confront global warming.
“In short, climate change is real, it is worsening by the day, and it is undermining our military readiness. And instead of meeting this threat head-on, Washington is ignoring it — and making it worse,” writes Warren in an op-ed published by Medium.
“We have the most capable military in the world. It’s also the single largest government consumer of energy, and it’s dependent on fossil fuels. The Pentagon spends about $4 billion a year to power its bases at fixed locations and consumes tens of billions of barrels of fuel per year,” she adds.
“Nibbling around the edges of the problem is no longer enough — the urgency of the moment demands more. That’s why today I am introducing my Defense Climate Resiliency and Readiness Act to harden the U.S. military against the threat posed by climate change, and to leverage its huge energy footprint as part of our climate solution,” concludes Warren.
Together, we can work with our military to fight climate change. https://t.co/fYixnw11bz
— Elizabeth Warren (@ewarren) May 19, 2019
The far-left Senator’s comments come weeks after she unveiled a series of new government programs that economists say will cost US taxpayers trillions per year.
“If we put a 2% tax on the wealthiest families in the country, we can provide universal Pre-K, universal free college, knock back student loan debt for 95% of Americans—and still have a trillion dollars leftover,” claimed Warren on social media.
If we put a 2% tax on the wealthiest families in the country, we can provide universal Pre-K, universal free college, knock back student loan debt for 95% of Americans—and still have a trillion dollars leftover. #WarrenTownHall pic.twitter.com/1MMM1eOghf
— Elizabeth Warren (@ewarren) April 23, 2019
According to leading economists, the Senator’s proposal to forgive student loan debt and introduce tuition-free public colleges would cost over $1.25 trillion over the next decade.
BAN BILLIONAIRES! AOC Says ‘No Person Should Have a Billion Dollars’ in the United States
Controversial Congresswoman Alexandria Ocasio-Cortez slammed wealthy Americans on social media this week; saying “no person should have a billion dollars” in the United States of America.
“‘Billionaires should not exist’ does not mean certain people should not exist. It means no person should have a billion dollars. The ascent of billionaires is a symptom & outcome of an immoral system that tells people affordable insulin is impossible but exploitation is fine,” posted AOC on Twitter.
“Billionaires should not exist” does not mean certain people should not exist.
It means no person should have a billion dollars.
The ascent of billionaires is a symptom & outcome of an immoral system that tells people affordable insulin is impossible but exploitation is fine. https://t.co/fjxKOGIdc2
— Alexandria Ocasio-Cortez (@AOC) October 2, 2019
Sen. Bernie Sanders made similar statements last month.
“Billionaires should not exist,” he stated on social media. “There should be no billionaires. We are going to tax their extreme wealth and invest in working people.”
Billionaires should not exist. https://t.co/hgR6CeFvLa
— Bernie Sanders (@BernieSanders) September 24, 2019
There should be no billionaires. We are going to tax their extreme wealth and invest in working people. Read the plan: https://t.co/RJDLvX5H4c
— Bernie Sanders (@BernieSanders) September 24, 2019
“In order to reduce the outrageous level of inequality that exists in America today and to rebuild the disappearing middle class, the time has come for the United States to establish an annual tax on the extreme wealth of the top 0.1 percent of U.S. households,” Sanders writes. “This wealth tax would only apply to net worth of over $32 million and would raise an estimated $4.35 trillion over the next decade. Anyone who has a net worth of less than $32 million would not see their taxes go up at all under this plan.”
“The tax rate would increase to 2 percent on net worth from $50 to $250 million, 3 percent from $250 to $500 million, 4 percent from $500 million to $1 billion, 5 percent from $1 to $2.5 billion, 6 percent from $2.5 to $5 billion, 7 percent from $5 to $10 billion, and 8 percent on wealth over $10 billion. These brackets are halved for singles,” adds Bernie.