And because banks have an exemption from State usury caps, there would essentially be no limit as to what the payday lender could charge a borrower if it just funnels its loan through a bank.
Elizabeth Warren
The Public Record
Elizabeth Ann Warren is an American attorney, academic, and politician serving as the senior United States senator from Massachusetts since 2013. A member of the Democratic Party, she has been a prominent advocate for consumer protection, economic equality, and corporate regulation. Warren gained national recognition for her work in establishing the Consumer Financial Protection Bureau and has focused on issues such as student debt relief and healthcare reform during her tenure in the Senate.
Under the previous Administration, banking regulators wrote rules the way the banking industry wanted, created loophole after loophole for bad actors, and put the interests of the wealthy and the powerful ahead of families and small…
Given how far we have let this inequality grow, I do not see how we can address this problem other than with a wealth tax.
I'm disappointed that Mr. Cooperman decided he was more comfortable taking softball questions on cable news than subjecting his views to debate in the U.S. Senate.
the wealth tax would result in the transfer of ownership of those assets from wealthy Americans to wealthy foreigners.
But history tells us that such massive inequality is invariably correlated to corruption, unrest, and failed governance.
The only people who stand to benefit from a weaker IRS are wealthy tax cheats.
We should not have a tax system that allows Fortune 500 companies to not pay federal income tax at all.
The truth is, the rich have run amok over the last 50 years of American history, and our government's willing complicity in their antics has permitted a handful of egregiously wealthy human beings to accumulate massive, budget-warping…
As President Biden has said, we have firemen and teachers paying 22 percent, while these giant companies pay nothing. That is wrong.





