Professor Eissler Comments on Elizabeth Warren's Proposal for Tech Industry

Monday, March 11, 2019

SAN JOSE MERCURY NEWS -- How might Warren’s proposal affect her chances in the crowded Democratic field in the presidential primary, and in California — home to Facebook and Google?

“Given that California is now pretty much an early voting state, I could see it playing a much bigger role during the primary,” said Rebecca Eissler, assistant professor in the political science department at San Francisco State University.

Warren, whose efforts helped lead to the creation of the Consumer Financial Protection Bureau, has long been outspoken against the rich and powerful. She is proposing an “ultra-millionaire tax” on American households with a net worth of $50 million or more. And as she kicked off her presidential campaign this year, she said she would not take money from political action committees.

“She speaks from a position of real authority of the dangers to consumers of these large companies,” Eissler said. “That might make her popular with some consumers, but maybe not the people who work for the companies who stand to profit when those companies do well.”