Tuesday, September 3, 2024

Kamala Harris’s ‘Joyful’ War on Entrepreneurs

When Democrats talk about boosting the middle class, what they mean is government employees

By Allysia Finley

"Mr. Trump’s appeal in 2016 partly stemmed from slow economic growth during Mr. Obama’s presidency. The Republican promised to make all Americans richer by liberating businesses from government’s shackles. Mr. Trump’s deregulation and tax cuts worked: Average real wages increased nearly 70% faster during his first three years than during Mr. Obama’s presidency.

Yet most Americans have become poorer under Mr. Biden, as government spending has fueled inflation, which has eroded wages. Job growth has become increasingly concentrated in sectors that depend on government spending. When Democrats talk about boosting the middle class, they mean the class of government workers.

Government, education, healthcare and social assistance account for more than 60% of the new jobs added in the last year. In the 17 states where Democrats boast a “trifecta”—control of the governorship and both legislative chambers—the share is 98%. In the 23 states with Republican trifectas, it’s 47%.

Likewise, average wage growth since the start of the pandemic has been lower in high-tax states such as Illinois (13.6%), New York (14.4%) and California (17.2%) than in low-tax Florida (22.5%), Texas (23.3%) and South Dakota (26.9%). If middle-class Americans want to get richer, they ought to move to Miami, Dallas or Sioux Falls."  

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