Suppose you had a chance for a great job that paid a lot of money. The job required working long hours and really devoting yourself to your career, but the rewards were there. It was a job that you knew would make you comfortable in your finances for the rest of your life if you spent the next ten years working all out. Would you take that job? Most people would. For ten years of maximum effort, you could take care of yourself and your family for the future. Now suppose that the tax laws were changed so that when you got that job, you had to give up 85% or 90% of what you made. In other words, after ten years of very hard effort, you were okay, but you had not amassed much for the future. Would you still take the job? Most people would not. That is the result that awaits the USA should it choose the 1930's style Socialist path that Bernie Sanders is now pushing. Not only does Sanders want to take away the incentive for hard work (or any work), he also wants to increase the amount paid to those who choose not to work. He wants to promote a lack of effort.
This may sound like a harsh analysis of the Sanders' economy, but it really is not. No country in the world has ever adopted Socialism and then had a vibrant and successful economy. The usual rejoinder to that statement from the left is to point to China, a Communist country which is extremely successful. Of course, the problem there is that when China actually had a Communist economy, it was unsuccessful. Only when the Chinese leadership adopted private enterprise Capitalism for the economic system did the Chinese growth start. Communism in China today is actually just a government dictatorship and a lack of certain freedoms; it has nothing to do with the economy.
It is interesting to see the polls that measure support by age group. The Sanders' constituency is strongest by far among those under 30. These are the people who never got to see the disaster that Socialism caused around the world for decades before the end of the Cold War. These are also the people who were educated by a system that now promotes a leftist view of the world in our schools. Hopefully these voters can be educated about the true nature of Socialism. They didn't get reality in the schools, but life will be a good teacher.
This may sound like a harsh analysis of the Sanders' economy, but it really is not. No country in the world has ever adopted Socialism and then had a vibrant and successful economy. The usual rejoinder to that statement from the left is to point to China, a Communist country which is extremely successful. Of course, the problem there is that when China actually had a Communist economy, it was unsuccessful. Only when the Chinese leadership adopted private enterprise Capitalism for the economic system did the Chinese growth start. Communism in China today is actually just a government dictatorship and a lack of certain freedoms; it has nothing to do with the economy.
It is interesting to see the polls that measure support by age group. The Sanders' constituency is strongest by far among those under 30. These are the people who never got to see the disaster that Socialism caused around the world for decades before the end of the Cold War. These are also the people who were educated by a system that now promotes a leftist view of the world in our schools. Hopefully these voters can be educated about the true nature of Socialism. They didn't get reality in the schools, but life will be a good teacher.
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