Harris also promised to cut costs by reducing “price gouging” by companies. Such Soviet-style government control over private industry will cause businesses to reduce employees to maintain profit margins. Harris either knows that and doesn’t care or misunderstands basic economics. She has not released any hard policies, so we are left to guess.
Regardless, government cannot simultaneously spend pallets of cash it has yet to print and reduce government spending. However, it is campaign season and reality has officially been suspended. Harris promises to give $25,000 to all first-time home buyers if they pay their rent on time for 24 months and a $6,000 tax credit to people for each of their kids.
No one has put a camera in her face and asked “How are you going to find $25,000 per home buyer? Where will the money come from?” “What about people who lost their first home during Covid and are trying again to be homeowners?”
Will she take the cash from evil companies and hand it to home buyers? Will the wealth distribution be direct or indirect? Will the earmark be buried in a 10,000-page omnibus aid bill for Iran and Hamas? Is this like a high school kid promising chocolate cake for lunch and cancelation of all homework as his platform for student council president?
Soviet Style
In 2009, a famous leader accused a resident business owner of unbridled greed to the detriment of his workers and likened him and others like him to cockroaches. He said: “You have made thousands of people hostage to your ambitions, your lack of professionalism — or maybe simply your trivial greed.”
He humiliated the executive on video by making him sit in front of an audience and sign paperwork to use his personal money to fill orders and pay employees more money to restart a company town. It was Vladimir Putin, and the executive was Oleg Deripaska, an aluminum company owner who is now broke.
Harris is promising to sprint down that path. The most profitable U.S. companies (measured by profits per employee) include Apple, Pfizer, Netflix, Microsoft, Alphabet, and Meta — all massive donors to Democrats. Does anyone think Harris will drag before her and humiliate their CEOs on national television and take their compensation or shareholders’ money and redistribute it to cover $25,000 for first-time home buyers?
If Harris won’t answer the “how” question, it is up to Team Trump to explain why none of this will happen, that these promises are all lies, and that any miraculously kept plans would boomerang on us as a country. If conservatives fail to do that, Americans could get a hard taste of Marxism that will require decades to rinse from their mouths.
As we know, people can vote their way into socialism but have to shoot their way out. We should avoid that at all reasonable costs and the time to do so is now.