She's announcing this merely to pad her resume before running in 2020. It doesn't have to be feasible, just needs to sound good.
Why would it decimate the market? This just sounds like fearmongering.
Imagine you have a factory in the Midwest hemorrhaging cash (or even just break even) but other profitable locations. Right now, you'd most likely shut it down and consolidate, move, or outsource that work.
Your ability to do so is impeded under this act, by employee elected directors and/or activist investors.
The result is less profit potential. Knowing that every company has to make these type of decisions (including benefits), their earning potential is reduced, and their valuations will tumble due to it.
I realize this is an unpopular opinion, but I don't necessarily view this as a bad thing in aggregate. The market's been doing great lately, and it's largely been on the backs of the working class for the benefit of people who've had the money to capitalize on it.
It's been over inflated for ages - if a shitty market is the cost for more equitable distributions of income and more humane workforce treatment, I'm game. I have the sneaking suspicion an arrangement that forces companies to focus on the long term well being of its workers (who, it's worth pointing out, don't want to deal with a job search, and such both want higher retention and for the company to not-fail) rather than short term stock price fluctuations will probably be for the better in the long run.
> cause large amounts of frivolous lawsuits
We already have that.
> She's announcing this merely to pad her resume before running in 2020. It doesn't have to be feasible, just needs to sound good.
I actually agree with this - It's definitely to grab headlines (which it did) and there's no way it's passing in the next 3 years. That said, this is pretty much straight from the Tea Party playbook, see: ACA repeals in 2012-2016. Oh well. And anyway, I'd be happy to finally have one president in the white house whose main goal isn't to cater to corporations - it's been literal generations, and looking at the current state of the general US economy and the world, not for the better.
I'll take the other side of that bet if you are saying that the market will be worth less in 10 years time than it is now.
If on the other hand you are saying the market will go down sometime in the next 10 years then, we'll that's not really a statement worth making:) That's like saying I predict that it will be colder than it is today sometime in the next 10 years.
The time premium on LEAPs makes them, as I understand it, an extremely niche product to use appropriately.
Of course anyone is free to speculate, as long as you meet the option trading requirements at your brokerage.