To the Editor:
Bret Stephens, the New York Times columnist, said (and agrees with many others) that while the American economy seems to be in pretty good shape, most Americans are not better off than they were before President Donald Trump was elected.
When you have a good economy and most Americans not enjoying the good economy, we need answers and ideas from presidential candidates who are economic experts and who have very specific ideas how to make life better for all Americans.
That is why my money (literally) is on Sen. Elizabeth Warren. She is the most knowledgeable of all the Democratic candidates on economic and financial matters, and she has very specific ideas on how to make the economy work for all the people.
Warren wants to pay for her social, educational and health insurance promises with a “wealth tax” on all households worth more than $50 million, as well as a surtax on billionaires. She also wants to have a corporate profits tax on all companies that earn $100 million or more annually.
Unlike Bernie Sanders, who wants a socialist revolution, Warren does not think capitalism itself is the problem, but demands reforms that tax the rich to help the middle class and the poor.
Knowing that big money creates overwhelming power that damages democracy itself, Warren wants to break up monopolies like Amazon, Facebook and Google. Warren would impose a 7 percent tax on corporate profits over $100 million, which gets the support of most Americans.
Warren also wants to prevent Members of Congress from ever working as lobbyists after they leave Congress. This would prevent them from becoming close friends with powerful and wealthy individuals and interests while they are supposed to be working for the good of the people.
It’s hard to argue with most of Elizabeth Warren’s economic ideas, and she has the energy of her favorite American President, Teddy Roosevelt, to fight for her beliefs.
Some pundits are warning Democratic voters that the “Pocahontas” label will haunt Warren as long as she remains a viable candidate. She can turn that around as easily as Pete Buttigieg flipped the “Alfred E. Newman” label that Trump pinned on him (by embracing it and reminding people that you have to be quite old to remember Alfred E. Newman). She should just remind Trump or anyone else who brings up “Pocahontas” that they are really insulting Native Americans, and move on.
While I favor Warren, like all reasonable Democrats, I will support whoever wins the Democratic nomination. Any Democrat who can beat Trump (no third-party candidate can win) is preferable to the racist, misogynist, xenophobic, mendacious liar in the White House. We Democrats have to fully support whoever gets the Democratic nomination.
MICHAEL J. GORMAN
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