Does Hillary Clinton have ANY core beliefs other than power?
Crony Capitalist Hillary wants to reform capitalism because … (Bernie Sanders!)
Vermont’s “independent” “Socialist” Senator Bernie Sanders may have a lock on the left-wing vote but Hillary Clinton is doing everything she can to stop his rise.
In so doing, the ultimate crony capitalist is demonstrating, once again, that she has no core set of beliefs other than in obtaining power. Hillary is adopting Sanders’ platform attacking capitalism not because she believes it, but because she hears Bernie’s footsteps gaining on her in the polls.
In a recent speech at NYU, Hillary Clinton claimed that capitalism needs a reset and proposed changes to capital gains taxes.
Tory Newmyer of Fortune reports:
Hillary Clinton: Capitalism is out of balance, needs a reset
Hillary Clinton wants to hike capital gains taxes as part of her plan to discourage short-term thinking among corporate executives and investors.
The Democratic presidential front-runner laid out her plan to retool the tax treatment of investment earnings on Friday as part of an ongoing series of speeches fleshing out her economic program. She proposed extending from one to two years the period that top earners would need to hang on to an investment before seeing the 39.6% tax rate applied to it start to fall.
And she would lower the rate slowly, over a six year period, down to the 24% rate for longer-term investments — a tweak that she said would help refigure a system that’s bent itself out of shape over the last few decades. Capitalism itself, she said, “needs to be reinvented, it needs to be put back into balance.”
Here are some highlights from Hillary’s speech via Bloomberg. She does say that capitalism is the “greatest engine of economic opportunity” but she also drops a few lefty buzzwords like “shareholder activism” and says she’s looking for “disruptive ideas” to save capitalism.
Here’s the translation for investors; be afraid. Be very afraid.
Does everyone remember what happened the last time Hillary tried to “reset” something?
Dan Merica of CNN:
Hillary Clinton stands by ‘Russian reset’ in face of recent events
That is the argument former Secretary of State Hillary Clinton made during a Thursday interview about her much talked about 2009 reset of U.S.-Russia relations.
The statement comes as Russia, under President Vladimir Putin, has distanced itself from the United States, and the country is widely seen by U.S. and European analysts as linked to the downing of a passenger airliner earlier this month in Ukraine.
“What I think I demonstrate in the book, is that the reset worked,” Clinton told guest host John Harwood on NPR’s “On Point” on Thursday during a conversation about her new memoir, “Hard Choices.” “It was an effort to try to obtain Russian cooperation on some key objectives while (Dmitry) Medvedev was president.”
Clinton later said the reset “succeeded” and was meant to be “a device to try to refocus attention on the transactional efforts that we needed to get done with the Russians.”
Here’s a final question. If Hillary Clinton is such a big fan of capitalism, why is her top adviser John Podesta tweeting links from the far left site Think Progress about the need for companies to share profits with workers?
Don’t companies do that every time they issue a paycheck?
From @thinkprogress: why we need to shift the culture of quarterly capitalism & focus on sharing profits w/ workers. http://t.co/1ILlo4T4SK
— John Podesta (@johnpodesta) July 22, 2015
The Hillary story of resetting capitalism is not about resetting capitalism. That might reflect a core ideology.
It’s about someone with no core beliefs other than obtaining and protecting her political power.
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Hillary’s capital gains nonsense is not new. In the 2008 Democrat debates, when asked about capital gains, whether the “best” rate was the high rate under GHWB, or the middle rate under her husband, or the low rate under GWB, she chose the middle rate, which satisfied neither people wanting to maximize government revenues [which occur with the low rate] nor people wanting to punish the rich [which occurs with the high rate].
Humorously, Barack Hussein answered in favor of the high rate. To his credit, the moderator then followed-up with the point that revenues were highest with the low rate. Barack Hussein, true to his class warfare ideology, said it was about “fairness”.
Real nice people. A moron, and a class warfare ideologue.
Small investors, and non-tax free or non-tax-deferred accounts, maybe. Or corporate raiders like Kirk Kerkorian was.
It’s already been worked out with some people. The rate drops back to the current rate after an investment has been held for 6 years.
“I’m look for new, creative, innovative, disruptive ideas”.
Well, of course, you’re lying through you old Collectivist teeth, but…
IF that were true, though, here you go…
1. burn down the tax code…repeal the 16th
2. stop the stealth tax falling most heavily on poor Americans and hurting American businesses (corporate tax)
3. get the FLUCK out of the way of American business by burning down the regulatory state
4. repeal entirely Dodd-Fwank to aid capital formation
5. repeal ObamaDoggle to aid job formation
There you go, you old witch. Simple and DISRUPTIVE as that.
Can’t you be more…concise, Rags?
Well, add to that Sarbanes-Oxley, the first misbegotten effort to “reform oversight.” With that additional repeal, the reforms could be very helpful. [IRS had 1000 agents on site at Enron HQ the whole time, and still had no clue, new laws don’t help that].
It is a mistake to label Hillary a crony capitalist. Trump is a crony capitalist; Hillary is just a politician for sale to the highest bidder. To be a capitalist, even using crony connections, you must DO something in the private sector.
The only private sector job Hillary ever held was as a partner at the notorious Rose Law Firm, where she served as a cut-out for buying influence with her husband. Doesn’t really count as “capitalism.”
The ideal capital gains tax rate is ZERO; it is all after-tax money invested. ANY tax on gains inhibits the free flow of resources to their most efficient use. Even when the rate isn’t high, people tend to put off selling less-productive investments that are showing a gain over time, just to avoid paying tax on it.
That is inefficient. We were very lucky when the GOP Congress forced Bill Clinton to sign a capital gains tax cut, because that freed up billions in capital at just the right moment to fund the tech revolution. No one foresaw that; no on CAN foresee the next new wave coming. Which is why government should not be involved at all.
Ahh Hillary. Still Red after all these years.
Actually we know precisely how collectivist advisor Podesta is because the Center for American Progress when he headed it released a hugely troubling paper called All-in-Nation: An America that Works for All. It is covered here along with a direct link http://www.invisibleserfscollar.com/motto-of-living-well-as-an-individual-is-not-functional-anymore-must-find-ways-to-live-well-together/
CAP issued it with PolicyLink, which is another source of the Far Left economic justice agenda.
Capitalism itself, she said, “needs to be reinvented, it needs to be put back into balance.”
A reinvention that involves changing the definition to: a way of organizing a society in which major industries are owned and controlled by the government rather than by individual people and companies.
And just a few little tweaks in society, here and there. You’ll hardly notice any changes.
Except the unicorns. There will be unicorns!
Kudlow has a great article on this at Ricochet
I can’t wait for her to be forced out. The Clinton Cash Laundering Machine will sputter to a halt when she’s not gonna be Preznit and their influence wanes, I mean, it’s the only reason anyone paid more than $5 for a robotic autospeech from this hack. Sorry, Chelsea – you might have to find real work
Hillary’s “Reset” world:
“This is the excellent foppery of the world, that, when we are sick in fortune,–often the surfeit of our own behavior,–we make guilty of our disasters the sun, the moon, and the stars: as if we were villains by necessity; fools by heavenly compulsion; knaves, thieves, and treachers, by spherical predominance; drunkards, liars, and adulterers, by an enforced obedience of planetary influence; and all that we are evil in, by a divine thrusting on: an admirable evasion of whoremaster (wo)man, to lay (her)his goatish disposition to the charge of a star!”
– William Shakespeare, King Lear, 1.2.132
This woman is a raving lunatic.
Fortunately for us, she’s too talentless to hide it.
Keeping with Podesta’s logic:
1- Shouldn’t companies get a piece of the profits employees make with their share of company profits on things like real estate appreciation, etc.?
2- Shouldn’t workers also share in company losses?
Your error is assuming logic is involved with Podesta. It is like assuming human emotions to the actions of wild animals.
Podesta isn’t about logic. He is about political calculation. He is a Soros bot. What he believes is irrelevant: his goal is power. Once they accumulate sufficient power, they can rule as they wish, and there will be less chance of holding Hillary and Podesta to their words than we had of holding Obama to his.
“Does Hillary Clinton have ANY core beliefs other than power?”
Generally NO. But hosing over her cheating husband and coming out of the closet might be in the cards if she is elected.
From @thinkprogress: why we need to shift the culture of quarterly capitalism & focus on sharing profits w/ workers. http://thkpr.gs/3682783
Maybe hillary can share some of her exorbitant profits with those poor unpaid interns working on her campaign. She could even issue phones to them rather than making them use their own.
Leftists’ beliefs are irrelevant.
Once they accumulate enough power, they become absolute totalitarians. Never fails.
And Obama is showing the way in pushing the limits of executive power in a constitutional republic. That the people have not rioted in the streets over his usurpations of power bodes ill for the future.
Hillary has one Core Value:
1. The rules don’t apply to me.
“Does Hillary Clinton have ANY core beliefs other than power?”
No! She’s Craven!