Wall Street Journal

“Now that Donald Trump has criticized the ‘new calls to adopt socialism in this country,’ Democrats and the media are already protesting that the socialist label doesn’t apply to them. But what are they afraid of – the label or their own ideas? The biggest political story of 2019 is that Democrats are embracing policies that include government control of ever-larger chunks of the private American economy. Merriam-Webster defines socialism as ‘any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.’ ….You decide if the proposals meet the definition of socialism. * Medicare for All. Bernie Sanders’ plan, which has been endorsed by 16 other Senators, would replace all private health insurance in the U.S. with a federally administered single-payer health-care program. * The Green New Deal. This idea, endorsed by 40 House Democrats and several Democratic presidential candidates, would require that the U.S. be carbon neutral within 10 years. * A guaranteed government job for all. To assist in this 10-year transformation of society. * A new system for corporate control. Senator Elizabeth Warren wants a new federal charter for businesses with more than $1 billion in annual revenue that would make companies answer to more than shareholders. * Vastly higher taxes. These ideas would require much more government revenue, and Democrats are eagerly proposing ways to raise it. Mr. Sanders wants to raise the top death tax rate to 77%. Ms. Ocasio-Cortez wants a new 70% tax rate on high incomes….The American public deserves to have a debate about all this, lest it sleepwalk into a socialist future it doesn’t want. Credit to Mr. Trump for teeing it up.”

 

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