There are very few unspoken rules among major-party candidates for president, and Bernie Sanders is breaking one of them. He’s saying that America’s leaders shouldn’t worry so much about economic growth if that growth serves to enrich only the wealthiest Americans.
If the riches of growth only went to the top, the USA would resemble Third World countries.
When the poorest of the US lives better than the global middle class, it should be obvious that the wealth does indeed trickle down.
“Our economic goals have to be redistributing a significant amount of [wealth] back from the top 1 percent,” Sanders said in a recent interview, even if that redistribution slows the economy overall.
How? With property seizures? The top 5% of earners already pay 59% of all federal income taxes.
“Unchecked growth – especially when 99 percent of all new income goes to the top 1 percent – is absurd,” he said. “Where we’ve got to move is not growth for the sake of growth, but we’ve got to move to a society that provides a high quality of life for all of our people. In other words, if people have health care as a right, as do the people of every other major country, then there’s less worry about growth. If people have educational opportunity and their kids can go to college and they have child care, then there’s less worry about growth for the sake of growth.”
In the socialist/progressive mind, wealth “goes” to people, as if there’s a single, fixed economic pie being unfairly divided. “You didn’t build that” is just an adjunct to “you didn’t earn that.”
It’s both fascinating and disturbing that enough people are economically ignorant to swallow such nonsense.