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On my daily podcast at Conservative Review, I often say, "The why matters." As an informed conservative or libertarian, it is critical to understand both what the far left is doing and why they are doing it. This is important because the globalist far left's stated goals rarely align with its actual goals. Nowhere is this more evident than in their handling of economic issues.
Below are some recent economic headlines from around the world that should seriously concern you. I also include a breakdown of the stated goals of the policies, and what I believe are their actual goals.
Goal #1 - Enact unprecedented government regulations
Stated Goal: To contain "greedy" capitalists and make the system "fair." Actual Goal: To dictate to businesses what they can sell and who they can sell it to. Old-school redistributionists/socialists believed that the government should confiscate and control the means of production (factories, farms, etc.) in an economy.
The new breed of far-left socialists have largely abandoned that approach and now favor a heavy-handed government that doesn't directly own the means of production in a society but instead owns the means of production by default through endless regulation and red-tape that dictate how businesses are run, what they can sell, and whom they can sell it to.
Goal #2 - Endless calls for higher taxation
Stated Goal: To ensure the "greedy" rich people pay their "fair share." Actual Goal: To make sure government gets its hands on your money first and controls where it is spent, regardless of the amount. Please pay special attention to that last addendum: The far-left would rather control a larger share of a shrinking economic pie than a stable share of a growing one.
Doubt me on this? Listen to Barack Obama tell ABC's Charles Gibson that, although hikes in the capital gains tax have been correlated with decreasing revenue, he prefers to hike it anyway because of "fairness." So, just to be clear, Barack Obama's version of "fairness" is to raise a tax, although the data shows that raising the tax will diminish revenue.
Genius-if you're a far-leftist who prioritizes control over anything else. Moreover, Stephen Moore of the Heritage Foundation has done exhaustive work showing the correlation between higher tax rates and lower tax revenues, but the far-left doesn't care. They care about control; not facts, data . . . Read More
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Dan served for over a decade as a special agent in the United States Secret Service, and currently owns a security consulting business.
You can follow Dan Bongino on his website, at Facebook or on Twitter.
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