Warren: Markets Without Rules Are Theft

Warren: Markets Without Rules Are Theft


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Janet Ybarra
Former Washington Journalist
Contributor on The Bipartisan Press

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Democratic presidential candidate Elizabeth Warren says that, although she believes in capitalism, it should work for all–not just the rich and powerful.

“Look, I believe in markets. I think we ought to be having markets work. I think that people who want to start small businesses should get a chance to grow them. But markets without rules are theft,” the senator from Massachusetts told an interviewer last week on the sidelines of the She the People presidential candidates’ forum in Houston, Texas. “And these great fortunes we have in America, it’s one tenth of one percent hold this wealth. Right now, this year, you want to talk about fairness, this year, the people in that category are going to pay roughly about 3.4 percent of their total wealth in taxes. Okay. The 99.9 percent of America is going to pay about 7.4 percent of their total wealth in taxes. that’s more than double. Two cents, that’s all I’m asking for, on every dollar of those fortunes above $50 million. And that still means they’re paying less than everybody else.”

Warren, one of 20 Democrats seeking the presidential nomination, also described how she arrived at calling for impeachment of Republican incumbent Donald Trump following the release of the redacted Mueller Report.

“So, look, I never thought that this was going to be where we were going to be in the middle of a presidential race,” Warren said. “I was on an airplane when the Mueller report dropped and I started reading it. And I turned the page, and I read, and I read, and I read, and I read into night, I read into early next morning, and when I got to the end, I knew three things for sure. A hostile foreign government attacked our 2016 electoral system to help Donald Trump, see the footnotes, it’s all in there. Part 2, Donald Trump welcomed that help. It’s appalling, but it’s all in there. And part three, when the federal government tried to investigate part 1 and part 2, he took actions, he tried everything that he could to derail, stop, move, distract, in other words, to shut down that investigation.

“We’re not a dictatorship where the government all rallies around the dictator. We’re a constitutional democracy,” Warren added. “And that means no one is above the law. And that includes the president of the United States.”

Despite Warren’s position, House Speaker Nancy Pelosi and her team has not shown any interest in moving quickly toward impeachment.

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