Socialism In U.S. Threatens Recession, Trump Jobs Recovery, And Foreign Policy

In the streets of Caracas, the failed socialist/communist dictator of Venezuela — Nicolás Maduro — is killing his own people to stay in power.  Naturally, he is backed by Russia, China, Iran, Hezbollah and other collectivist dictatorships.

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But Maduro is also receiving support from his fellow socialists in the U.S.: Bernie Sanders, Elizabeth Warren, Alexandria Ocasio-Cortez (AOC), left-wing California Rep. Ro Khanna, and other Democrats.

The Free World  and the U.S.  are backing the legislatively appointed new president of Venezuela — Juan Guaidó, who is president of the national assembly, demonstrating how out of step the U.S. socialists are.

These new Democrat Socialists are also calling for ramping up grievously costly regulations to shut down the fossil fuel industry in the U.S. with their “Green New Deal.”

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The first New Deal was at least targeting increased jobs in America. The so-called “Green New Deal” would instead kill millions of American jobs with higher cost energy, tripling current costs to American workers, families, and manufacturers, as have similar policies in Germany and elsewhere in Europe.

Reconsidering Climate Change

Alleged global warming isn’t happening, and poses no threat of catastrophic results.  The fears of former bartender and now Congresswomen Anastasia Ocasio Cortez that the world is ending in 12 years has no basis in fact (see the careful and thorough science to the contrary in “Climate Change Reconsidered II,” published by the Heartland Institute).

This confirms once again that Socialism/Communism is a world-wide threat to everything Americans hold dear, not some middle America, home-spun, garden variety, “ah shucks” philosophy.

Throughout the 20th century, socialism failed miserably everywhere it was tried, from the old, now dead, Soviet Union, to North Korea, East Germany, Cuba, and now Venezuela, which used to be the most prosperous country in Latin America. Today it suffers 90% poverty, and starving Venezuelans are rioting in the streets for food.

Meanwhile, the New Socialist Democrats are calling for 70% income tax rates, 77%  death (estate) tax rates, increasing payroll taxes to  the highest in American history, and a major domestic “wealth” tax, while the bottom half of all workers don’t pay federal income taxes, but get paid by the IRS.

Socialism, Destroyer Of Prosperity

That would cause renewed recession, short-circuiting Trump’s booming jobs recovery from Obama’s long-term stagnation, which has produced the lowest unemployment in decades and renewed pay increases. Not even to mention Socialism.

We are seeking to end the “deep state” of European Union (EU) style bureaucracy that England (Brexit) — as well as old socialist Sweden — have been trying to throw off. Even the EU’s OECD member nations have largely abandoned Wealth Taxes — and estate (death) taxes — because of the difficulty in valuing assets and net worth.

Every nation goes through political, intellectual changes — even “revolutions,” as has America.  We are in the midst of one now with the Pelosi-Schumer/Trump combat over very serious issues of border control, economic growth, international relations and trade, and protecting our nation militarily.

Socialism: Just Say No In 2020

In the midst of this combat for the very soul of capitalist/Judeo-Christian values in America, the last thing we need is a domestic reassertion of failed 20th century, collectivist/atheistic, Socialist values that we fought against in two deadly World Wars, and which have brought even America to the brink of bankruptcy — financially and morally.

This is what America’s Socialist Democrats promise to bring to America. Patriotic Americans now have the responsibility — and duty — to stop them in the historic, turning point election of 2020.

Smaller, “right-sized” government with lower taxes and explosive growth of the private sector — greater wealth for all who are willing to work for it — is the American answer.

Uhler is founder and chairman of the National Tax Limitation Committee and National Tax Limitation Foundation (NTLF).  He was a contemporary and collaborator with both Ronald Reagan and Milton Friedman in California and across the country.
 Ferrara is a senior fellow with NTLF, teaching economics at Kings College in New York.  He served in the White House Office of Policy Development under President Reagan, and as associate deputy attorney general of the United States under President George H.W.  Bush.

 

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