Elizabeth Warren and AOC agree: give convicts and illegal immigrants welfare, enact rent control

Elizabeth Warren is telling people that we have 11 years to live
Elizabeth Warren has a much better way to spend the money you earn

This week, Warren and AOC announced their support for giving taxes paid by U.S. citizens, permanent residents and people here legally on work permits to illegal immigrants. Watch the video below, and read the story, and ask yourself whether you think it is your job to pay for welfare for people who wouldn’t even go through the process of coming into this country legally.

Here’s a short video clip from Fox News:

The Washington Free Beacon reports:

Democratic presidential candidate Elizabeth Warren endorsed a Rep. Alexandria Ocasio-Cortez (D., N.Y.) policy proposal that includes taxpayer-funded welfare benefits for illegal immigrants.

Ocasio-Cortez’s proposal, dubbed “A Just Society,” calls for nationwide rent control and bans the federal government from denying welfare benefits based on an individual’s immigration status and previous criminal convictions. Warren became the first Democratic presidential candidate to endorse the plan, calling it “just the type of bold, comprehensive thinking we’ll need” to make “big, structural change.”

[…]Ocasio-Cortez’s proposal, consisting of six separate bills, calls for the expansion of welfare. Bills three and four make it illegal for the federal government to deny welfare benefits to ex-convicts and illegal immigrants.

[…]The last bill in Ocasio-Cortez’s proposal establishes health care, housing, and healthy food as government-provided rights.

[…]The legislation does not address how to pay for the rising cost of welfare, nor does it explain how it would accomplish its goals.

Remember, AOC and Warren already have the Green New Deal on the table, and the cost for that is $94.4 trillion over 10 years. So where will they get the money for this new plan? Would they do it with their own money? No, they want to do it with your money. They want to do it with your employer’s money. They want to do it with the money earned by the companies in your 401K plan. 

By the way, regarding the rent control. If there is one thing that you learn in Economics 101, it’s that rent control policies do more harm than good. It causes a shortage of living space for the poor, because the people who rent out living space cannot make enough money as they can in other investments. So, they stop investing in rental properties.

The Free Beacon article notes:

Ocasio-Cortez’s second bill, titled “The Place to Prosper Act,” calls for federal rent control by imposing a 3 percent national cap on annual rent increases. Similar legislation has failed at the local level amid concerns that such policies increased housing prices while limiting supply. A recent study by the American Economic Association found that San Francisco rent control policy “drove up market rents in the long run, ultimately undermining the goals of the law.” The Council of Economic Advisers found that in 11 metropolitan areas with housing regulations, deregulation would reduce homelessness by an average of 31 percent. More than 80 percent of economists surveyed by the University of Chicago in 2012 found rent control to be bad policy.

This is not controversial. Harvard University economist Greg Mankiw is the author of a very widely used economics textbook. In his textbook, he has a section where he reports on what economists (academic and professional) agree on, across the ideological spectrum. The number one item on the list, with the highest level of agreement, is that rent control does not work.

He writes:

My textbook covers business cycle theory toward the end of the book (the last four chapters) precisely because that theory is controversial. I believe it is better to introduce students to economics with topics about which there is more of a professional consensus. In chapter two of the book, I include a table of propositions to which most economists subscribe, based on various polls of the profession. Here is the list, together with the percentage of economists who agree:

  1. A ceiling on rents reduces the quantity and quality of housing available. (93%)

You can read the rest of the list on his blog, but AOC and her ally Elizabeth Warren probably disagree with all of them. And that’s who the American left are looking to for leadership. People with no knowledge. People with no achievements. People who have never solved economic problems in the private sector in their entire lives. Warren and AOC have no demonstrated achievements in the area of economic policy. There are just speaking words that make them feel good, and get applause. They don’t know what happens next, if they ever get their ideas put into law.

If you’re not already paying off your debts and saving money, you’d better start. Because when these Democrat demagogues get power, you are going to feel the effects of their economic illiteracy where you live and where you work. Remember Obamacare? We lost our doctors, we lost our health plans, and the costs of our health insurance went up. If you elect an imbecile to make policy decisions, you will be made to feel the effects of your choices.

9 thoughts on “Elizabeth Warren and AOC agree: give convicts and illegal immigrants welfare, enact rent control”

  1. Dances With Facts (alias Fauxcahontas/Lie-awatha) and All-Out Crazy.

    Also known as Tweedledumb and Tweedledumber.

    What a pair.

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    1. Half the country wants them to rule the rest of us. Honestly, if these turnips get in, I will either downsize my earnings, or leave. I’m not going to be ruled by unqualified women.

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      1. Would you honestly leave? So many people on both sides love to taut their “If XYZ wins, I’m leaving!!” *stomps little feet*), yet no one has given us the pleasure of actually doing so. This country is probably the only country I know of that can be ‘hated’ so much yet people refuse to leave it.

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    1. Yes. These people have done nothing in their private lives to improve the lives of others, but they are so anxious to spend other people’s money to show everyone how “generous” they are.

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  2. I could not agree more. I’ve worked in commercial real estate in several years, and it is shocking the difference in economies. Next time you’re driving around, look at how many cranes you see in developments. Trump’s economy is all about growth. Under Obama? No cranes.

    I suspect we will see the same thing if one of the democratic nominee gets elected.

    Liked by 1 person

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