Wealth & Poverty
U.S. Senator Bernie Sanders (I–VT) claims that the “wealthiest people on earth” have “hijacked our economy and politics to enrich themselves at the expense of working families throughout this country.”
IN FACT, Sanders supports at least 10 policies that have enriched wealthy people and/or impoverished working families. These include but aren’t limited to:
- government money printing, which is the primary driver of inflation and increases the wealth of current asset holders while making homes, stocks, and other investments less affordable for everyone else.
- pervasive and aggressive government regulations, which raise the costs of living and make it difficult for small businesses to compete with major corporations.
- mass illegal immigration, which reduces the wages of low-income workers and decreases the prices of services that high-income people purchase like maids, nannies, landscapers, and restaurant meals.
- green energy mandates, which inflate the costs of energy and virtually everything else.
- government social programs, which reduce incentives to work and the ability to save.
- government-mandated employee benefits, which reduce worker’s wages.
- mass unionization, which raises taxes and consumer prices.
- liberal ethics about sex, which create household fragmentation that dilutes workers’ incomes.
- subsidizing the purchase of housing and education, which inflates their prices.
- doubling the minimum wage, which destroys jobs and increases the costs of living while raising the average income of families below the poverty line by just 1%.
In totality, Sanders and his endorsees like Zohran Mamdani have embraced major economic elements of Karl Marx’s Communist Manifesto, the Soviet Constitution, and the official Law of the Soviet State. In that nation, the average living standard “was roughly one third that of the United States.”
