Gen Z voters hate capitalism — but they've barely seen it
"When you confiscate wealth, you destroy the incentive to create it — and lose all the benefits of wealth creation. In free markets, entrepreneurs profit only when creating value for others; if government takes the reward for their risk, expect less of both."
"Young voters are financially drowning — and the life raft the Democratic Socialists of America is throwing them is an anchor in disguise.
"If Americans don’t see past this facade, they’ll be sinking even faster.
"Consider a typical 22-year-old, fresh out of college with a business degree and a decent entry-level job in a booming city like Austin, Texas.
"Rent eats a third of his paycheck, while nearly one-fifth of it goes to commuting costs.
"He’s paying down tens (if not hundreds) of thousands in student loans.
"Without help from Mom and Dad, a down payment on a home is decades away, as is marriage.
"Little wonder that only 9% of voters under 30 have a “very positive” view of capitalism, or that nearly 60% of voters aged 18 to 24 want a Democratic Socialist to win the White House in 2028, according to a recent Heartland/Rasmussen poll.
"Young voters are right that the system is failing them.
"They’re wrong, though, about which system it is.
"What they’ve experienced isn’t free-market capitalism at all — it’s a quasi-socialist economy that’s let government displace the market in precisely the spending categories that have become least affordable.
"Turning further toward socialism means embracing the anchor that’s already weighing them down.
"Just look at where their pain is already concentrated: education, housing and health care.
"These are among the most regulated, subsidized and government-directed sectors of the American economy, and therefore the least like capitalism.
"It’s no coincidence they’re also the least affordable." . . .
I fled communism. Are Gen Z drawn to it? | Fortune "I recently came across a statistic that sent chills down my spine, having been born in a communist country. According to a recent Cato Institute Survey, four in ten (38%) 18-to-29-year-olds (and almost a third of 30-to-44-year-olds) are favorable towards communism. Communism’s appeal among Gen Z is twice as high as among 45-54 year olds, and three times as high as among those aged 55-64." . . .
$60 Million Weddings And The Myth That Billionaires Cause Poverty . . . "How many times have you heard some leftist say, “Do you know how much poverty could be relieved for the amount he spent on XXX?” or “How many poor children could be fed for what she spent on XXX?” Blah, blah, blah… They are, by and large, broken records.
"But could the money that these billionaires waste really solve world poverty? No.
"NGOs spend billions annually “fighting” poverty, and the government has spent more than $50 trillion over the last half century, and the results are less than spectacular. But on the upside, we did get a giant, permanent poverty bureaucracy and massive amounts of fraud enriching grifters from sea to shining sea. If spending billions or trillions cured poverty, it would have been accomplished decades ago." . . . More.
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