America's Battle Of Ideas Couldn’t Be More Distinct
Socialism vs Rationalism
The problem with socialism is that you eventually run out of other peoples' money. - Margaret Thatcher
The Democrats have finished their love fest in Chicago, where the Party policy consisted of the 'vibe' and Trump hatred. Of course, despite trying to camouflage it, their anti-Israel, pro-Hamas leanings couldn't be more evident.
On the other side of the ledger, RFK Jr. announced the suspension of his campaign and is supporting Trump.
Kennedy has been regarded as an extremist on the environment and an anti-vaxer. In fact, he believes in the free market but that corporations should pay the price if they damage the environment or children with their vaccines. He is very focused on getting to the root cause of an epidemic of chronic disease in children.
While he may be at odds on climate change and the abortion issue with some on the right, he believes in the free market and America. On the contrary, the Democrats want to destroy the free market. At his recent press conference, he stated the following:
"What most alarms me isn't how the Democratic Party conducts its internal affairs or runs its candidates. What alarms me is the resort to censorship and media control and the weaponization of the federal agencies.
I feel a moral obligation to use this opportunity to save millions of American children above all things.
Following my first discussion with President Trump, I tried unsuccessfully to open similar discussions with Vice President Harris. Vice President Harris declined to meet or even to speak with me.
Democrats want nothing to do with you, Republicans will at least give you a seat at the table."
So, will RFK get a position in the Trump administration if Trump wins? Some have proposed that he be head of Human Health Services (HHS). I would love to see him as Attorney General, as his father was in the JFK administration. Wouldn't that get the cockroaches scurrying?
We really have to consider that Democrats are more than socialists; they empathize with the Communist creed of censorship, lawfare against your opponents, massive government control of the economy, and a stifling of entrepreneurship and meritocracy. That is why Kamala Harris espouses equity, meaning that since not everyone starts in the same place, they need to end up in the same place. It's about control, and the most disastrous thing is Harris's platform of economic illiteracy.
If we look at perceptions of wealth, recent surveys, such as from the Charles Schwab Corporation, reveal that Americans believe they need a Net Worth of $2.5 million to be wealthy and $778,000 to be comfortable. The net worth includes the house in which you live, so if you're retiring, that house worth, say, $500,000 is not an income source.
However, let's look at the reality. What is the actual Net Worth according to the Federal Reserve?
The average does not give an accurate picture because it includes all those at the top who are multimillionaires and billionaires, which skews the statistic to the upside. These are also the people who pay the most taxes. What is revealing is the median Net Worth of $192,000. That includes a house, car, savings, and any other investments. It's the difference between assets and liabilities. The reality is that many Americans are living from paycheck to paycheck.
How incredible is it that the Democrat Party expects people to suspend reality with their platform of 'joy' and mention Trump some 270 times? So who has been running the country for the past four years; it wasn't Trump. However, a dangerous economic platform emerges if you look at what Harris has stated along the way.
The economic sickness in America is uncontrolled spending. Harris is planning to spend trillions in her first term. To pay for all those trillions, you have to target the rich. That's the socialist belief of equity, and the illusion, of course, is the belief that there won't be any consequences.
Taxing unrealized capital gains.
Biden and Harris are proposing "a minimum tax of 25 percent on total income, generally inclusive of unrealized capital gains, for all taxpayers with wealth (that is, the difference obtained by subtracting liabilities from assets) greater than $100 million."
This amounts to a confiscatory tax. You haven't sold an asset, but the gain will be taxed regardless. It's irrational and will drive businesses away, including decimating some small businesses, because the overall bias is toward greater taxes. Why would a company invest in America?
Forgiving Student Loans
This idea is unfair, to begin with, and not equitable at all. If someone decides to pursue higher education, that person also takes on the responsibility of repaying the money they borrow. It's now not only a slap in the face to those who paid back their loans; it is also a tax on regular taxpayers because they inevitably pay for generosity.
Illegal Migrants housed in hotels
Despite the falsehood that Harris is tough on the border, migrants have been flooding into America at unprecedented levels in the past four years. A number of cities are housing migrants in hotels for 'free.' It's free for illegals but not for businesses and taxpayers. Almost a quarter of the hotels in New York City are housing migrants. This also drives up the prices of hotel rooms because the supply is reduced—another brilliant policy of the socialists.
Medicare For All
This idea is another disaster in the making. The already record U.S. debt will climb much higher. According to the American Action Forum, if implemented by 2028, the Harris plan would increase federal spending by $44 trillion over the next decade. It would also eliminate private insurance for 180 million Americans and insure illegals.
Guess what also happens: the standard of care goes down. The more people move to a public system, the longer the wait times, the poorer the care, and ultimately, more people die. We can see this in Australia, which has a dual system. Under the private system, people can get rapid care. The public system does give basic cover if you are in a health emergency, but otherwise, you often wait and wait for a procedure.
Freezing Prices
You can't make this stuff up. Harris plans to freeze prices, specifically for food, which have been in an inflationary spiral due to the policies of the Harris-Biden administration. Now, she's going to fix it with a price freeze.
Guess what would happen? Since margins in the food industry are quite low, as the cost of supply lines like energy, wages, and transport keeps increasing, if companies can't pass those on, then workers will be laid off. Some businesses may shut down. Price controls have never worked in a dynamic economy.
So we have two distinct forces: one is a free market, growth-oriented, and less regulated economy, while the other is based on endless spending and more government control over the economy. One is rational and successful, the other irrational and doomed to worsen a bad situation.