mark francis
Well-Known Member
- Joined
- Jan 15, 2021
- Messages
- 24,196
Democrats have long gone full bore socialist and communist with their Leninist appeals to the ignorant 'proletariat' to elect socialists who promise to force businesses and 'rich white guys' to give up their wealth to the commie government oligarchs for redistribution to the poor and blacks. Such delusive Marxist appeals have been working for decades as a democrat means to turn out poorer black votes by promising them greater riches and favors at government expense.
https://www.ocregister.com/2024/08/18/harris-fanciful-economic-proposals/?utm_email=C4BD7471B592443B54C5E4BDCE&lctg=C4BD7471B592443B54C5E4BDCE&utm_source=listrak&utm_medium=email&utm_term=https%3a%2f%2fwww.ocregister.com%2f2024%2f08%2f18%2fharris-fanciful-economic-proposals%2f&utm_campaign=scng-regional-opinion&utm_content=manual 8-7-24
Harris’ fanciful economic proposals
While the promise of lower prices on food can appeal to anyone, the idea that the “wisdom” of federal officials can yield better results than, say, the pricing mechanism of a capitalistic market, is a peculiar one indeed.
As noted by the Cato Institute’s Scott Lincicome, the grocery industry boasted a net profit margin in January 2024 of, get this, 1.18%. That’s hardly a reasonable foundation for something as intrusive as what Harris is calling for.
But it does reveal that Harris does suffer from the great delusion of many on the left that government can just start barking orders and get positive results. ...
Harris’ lack of economic insights also manifest in her promise to provide up to $25,000 in down payment assistance to first-time homebuyers. ...
“As president, I will be laser-focused on creating opportunities for the middle class that advance their economic security, stability and dignity,” she said. “Together, we will build what I call an ‘opportunity economy.’”
That sounds good. But the substance of what Harris means by that is at odds with the stated objectives.
If Harris wants to improve economic opportunity, she needs to recognize that more government isn’t the solution to our problems. Instead, more often than not the correct way of improving economic opportunity is to get the government out of the way of workers, employers, consumers and businesses.
https://www.ocregister.com/2024/08/18/harris-fanciful-economic-proposals/?utm_email=C4BD7471B592443B54C5E4BDCE&lctg=C4BD7471B592443B54C5E4BDCE&utm_source=listrak&utm_medium=email&utm_term=https%3a%2f%2fwww.ocregister.com%2f2024%2f08%2f18%2fharris-fanciful-economic-proposals%2f&utm_campaign=scng-regional-opinion&utm_content=manual 8-7-24
Harris’ fanciful economic proposals
While the promise of lower prices on food can appeal to anyone, the idea that the “wisdom” of federal officials can yield better results than, say, the pricing mechanism of a capitalistic market, is a peculiar one indeed.
As noted by the Cato Institute’s Scott Lincicome, the grocery industry boasted a net profit margin in January 2024 of, get this, 1.18%. That’s hardly a reasonable foundation for something as intrusive as what Harris is calling for.
But it does reveal that Harris does suffer from the great delusion of many on the left that government can just start barking orders and get positive results. ...
Harris’ lack of economic insights also manifest in her promise to provide up to $25,000 in down payment assistance to first-time homebuyers. ...
“As president, I will be laser-focused on creating opportunities for the middle class that advance their economic security, stability and dignity,” she said. “Together, we will build what I call an ‘opportunity economy.’”
That sounds good. But the substance of what Harris means by that is at odds with the stated objectives.
If Harris wants to improve economic opportunity, she needs to recognize that more government isn’t the solution to our problems. Instead, more often than not the correct way of improving economic opportunity is to get the government out of the way of workers, employers, consumers and businesses.
