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Ryan Saavedra – MSNBC Panel Shreds Warren: ‘Far More Extreme Than Bernie,’ ‘Disastrous For … Economy’

Summary:
Is Elizabeth Warren more radical than we thought? The powers that be are really scared of her. They say Europe got rid of high taxes long ago because they didn't work. Didn't work for who? And is neoliberalism working today? Beddoes noted that Warren’s wealth tax proposal, which would confiscate large amounts of wealth from America’s richest individuals, is an antiquated idea that many European countries abandoned a long time ago.  Rattner jumped in, saying, “I would say it’d be disastrous for the American economy.” “The fundamental different view she has of what capitalism is – she says she’s a capitalist, but she’s not a capitalist,” Rattner said. “She’s really a democratic socialist in some ways, and she wants to fundamentally change the role of an American company, how an

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Is Elizabeth Warren more radical than we thought? The powers that be are really scared of her. They say Europe got rid of high taxes long ago because they didn't work. Didn't work for who? And is neoliberalism working today?

Beddoes noted that Warren’s wealth tax proposal, which would confiscate large amounts of wealth from America’s richest individuals, is an antiquated idea that many European countries abandoned a long time ago. 

Rattner jumped in, saying, “I would say it’d be disastrous for the American economy.”
“The fundamental different view she has of what capitalism is – she says she’s a capitalist, but she’s not a capitalist,” Rattner said. “She’s really a democratic socialist in some ways, and she wants to fundamentally change the role of an American company, how an American company is governed, what it’s supposed to do, in ways that I think at least would be disastrous for the American economy.”


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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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