More unemployed. More in debt. Fewer prospects. A more regulated economy which creates fewer jobs. Along with the increasingly regulated economy the blooming of the American crony capitalist system. There is no doubt about it the young are absolutely getting the short end of the economic stick these days.
This should have been their centerpiece proposal during the last battle. They had the full attention of the country and could have put it to good use.
This is an article which should be read by anyone who understands the mission of Against Crony Capitalism.
The Social Security payroll tax isn’t enough. Obamacare is now poised to transfer even more wealth from the young and working to the older and less productive (who incidentally are statistically far better off than young people.)
From Reason.com and we could not agree more. For the GOP, if they want to win, this is the way forward. There is no other choice.
The sequester isn’t even a cut. If anything goes wrong economically over the next 12 months the President will blame sequester.
Every time I write about the need to reform Social Security people freak out. Suddenly supposedly small government folks fly into a rage at the idea that Social Security must be curtailed for the good of the country.
It’s not me saying it. It’s the Senate Finance Committee headed by Max Baucus, a Democrat.
Should generally poor young people be subsidizing often wealthy old people? That’s what happens in our present crony capitalist system.
I have to say that for all the despair that one can feel as more and more of our economy and society is usurped by the government it is refreshing to hear this college student ask the Vice President if killing the free market in college tuition has created a bubble.
Even nicer- Biden admits that government subsides have contributed to such a bubble.