https://www.wsj.com/articles/warren-and-sanders-policy-mates-11571181041
Bernie Sanders wants voters to know that he—not Elizabeth Warren —is the bona fide socialist running for President in 2020. “There are differences between Elizabeth and myself,” Mr. Sanders said Sunday on ABC. “Elizabeth I think, as you know, has said that she is a capitalist through her bones. I’m not.”
As he falls in the polls, Mr. Sanders has to do something to reignite that 2016 fire. But the Vermont Senator’s problem is that Ms. Warren has co-opted more or less all of his important policy proposals. True-blue socialists might thus conclude that in Ms. Warren they can get nearly all of Bernie’s agenda from a younger (barely, at age 70) candidate without the socialist label.
Consider the policy list. She and Mr. Sanders both want Medicare for All, including the end of private health insurance. The main difference is that Mr. Sanders admits he’d raise taxes on the middle class, while Ms. Warren ducks the question. They both vilify “the top 0.1%” and promise to make wealthy Americans “pay their fair share.” Her wealth tax would hit the net worth of “ultra-millionaires” at rates up to 3% a year. His would drain “extreme wealth” with a top rate of 8% a year.
It’s almost a vaudeville joke for policy wonks. What’s the difference between a socialist and a capitalist? Five percentage points, apparently. This punch line also holds regarding their respective proposals on “accountable capitalism” (Ms. Warren) and “corporate accountability” (Mr. Sanders). She wants to make big companies give 40% of their board seats to workers. He wants 45%.
They both would force these companies to get a new federal charter requiring them to consider “stakeholders” rather than shareholders in their business decisions. They both want to reimpose the old Glass-Steagall fence between commercial banking and investment banking. “The business model of Wall Street is fraud,” Mr. Sanders likes to say. Ms. Warren also thinks bankers are crooks: “Wall Street is looting the economy.” They agree the U.S. Postal Service should become a bank that offers government checking accounts and would compete with private banks.