In a time where government continues to expand and debt continues to pile on, leftists are convinced they are best equipped to solve America’s economic woes. Socialism, or Marxism, is the answer while free enterprise is always the enemy. What will alleviate income inequality this year? Rolling Stone’s Jesse Myerson says communism is the answer.
Myerson penned a rather telling article on January 3rd called “Five Economic Reforms Millennials Should Be Fighting For.” Here are his suggestions: “guaranteed work for everybody”, “social security for all”, “take back the land”, “make everything owned by everybody,” and “a public bank in every state.”
What’s Myerson’s grand conclusion? Rich people suck and the economy “blows.” Take Myerson’s proposal for ameliorating joblessness—a living wage:
A job guarantee that paid a living wage would anchor prices, drive up conditions for workers at megacorporations like Walmart and McDonald’s, and target employment for the poor and long-term unemployed – people to whom conventional stimulus money rarely trickles all the way down.
In actuality, raising the minimum wage hurts those in lower income brackets and kills jobs. It’s a useless anti-poverty mechanism that doesn’t benefit the poor.
Another proposal is to nationalize everything by financially burdening America’s top income earners: Think of it like a big investment fund that buys up assets from the private sector and pays dividends to all permanent U.S. residents in the form of a universal basic income.
The United States is unique because our government was founded on the premise of securing private property rights. Confiscating private property always leads to tyranny.
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