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Sen. Elizabeth Warren just proposed the largest seizure of private assets in human history

Published in Blog on August 16, 2018 by Convention Of States

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Massachusetts Senator and 2020 presidential hopeful Elizabeth Warren has just proposed what would be the largest government seizure of private property in human history -- and she’s not kidding.

The euphemistically dubbed “Accountable Capitalism Act” would place all businesses with more than $1 billion in revenue under complete and total federal control. The feds would dictate to these businesses the composition of their boards, the details of internal corporate governance, compensation practices, personnel policies, and much more. Control of these businesses would shift from those who actually built them to politicians and bureaucrats who would no doubt use them for entirely philanthropic, non-self-serving ends (gag).

As Kevin D. Williamson notes over at the National Review, Warren is playing the long game. She’s floating this idea in preparation for her presidential run, and if she wins she’ll no doubt push policies just like this in a Congress that may or may not be under Republican control.This should serve as a wake-up call to those hoping that President Trump can clean up Washington. His time in D.C. is limited, and he can’t implement the kind of structural, constitutional changes necessary to stop radical socialists like Sen. Warren. Only a Convention of States can do that, and only the Convention of States Project is poised make it happen.

Under our resolution, an Article V Convention of States can propose constitutional amendments that restrict the power and jurisdiction of the federal government. With these amendments in place, the feds won’t even be able to regulate healthcare -- much less seize the private assets of billion-dollar businesses.

Sign the Convention of States petition to restrict their power!

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Almost everyone knows that our federal government is on a dangerous course. The unsustainable debt combined with crushing regulations on states and businesses is a recipe for disaster.

What is less known is that the Founders gave state legislatures the power to act as a final check on abuses of power by Washington, DC. Article V of the U.S. Constitution authorizes the state legislatures to call a convention for proposing needed amendments to the Constitution. This process does not require the consent of the federal government in Washington, DC.

I support the Convention of States Project; a national effort to call a convention under Article V of the United States Constitution, restricted to proposing amendments that will impose fiscal restraints on the federal government, limit its power and jurisdiction, and impose term limits on its officials and members of Congress.

I want our state to be one of the necessary 34 states to pass a resolution calling for this kind of Article V Convention. You can find a copy of the model resolution and the Article V Pocket Guide (which explains the process and answers many questions) here: https://conventionofstates.com/handbook_pdf

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