“Priceless Meme Shows Exactly What Kind Of People Support Socialist Bernie Sanders,” is the headline on a Young Conservativespiece blasting…people who support Bernie Sanders. The meme is below:
This meme is also the profile pic on a Facebook page called “Economic Illiterates for Bernie Sanders.
Young Conservatives’ entire post is about how the people who support Sanders don’t understand economics, all the while showcasing just how little they themselves don’t understand economics (or how progressive taxes work, for that matter). Bernie Sanders believes in wealth redistribution to a degree. He understands that the extreme income inequality we have here is not sustainable, because rich people cannot sustain a consumer economy on their own. There just aren’t enough of them.
Sanders isn’t alone in this; billionaire Nick Hanauer knows that he can’t buy enough suits, cars, electronics, appliances, and more, to sustain any one of the businesses that manufacture and sell these things. He’s one man who might buy three suits in a year. Not 3,000, despite the fact that his income is roughly 3,000 times higher than the average American. He’s not going to buy 3,000 cars every year, either, and neither is any other billionaire.
Young Conservatives merely provides a link to Sanders’ “hilarious” stance on the minimum wage. It’s safe to say that this publication buys into the myth that raising the minimum wage will destroy jobs. In one article, they point to a single story from the American Enterprise Institute, which is a right-leaning, pro-business think tank based in Washington, D.C. Of course the AEI is going to put out stories that “show” raising the minimum wage is a bad idea; business wants to treat workers like slaves and liabilities, not like the assets they are. (Without workers, you have no business. The bigger your business, the more dependent you are on your workers.)
The Department of Labor has its own page busting these minimum wage myths, including metastudies showing that there’s no discernible effect on employment when the minimum wage goes up. Of course, pro-trickle down conservatives call that a bunch of hooey; they still think that the only way to create jobs and wealth is to let rich people have all the money, and pay working people peanuts. Hey, they’re still working and making a little money, right? Something is always better than nothing.
Studies, statistics, sources, and micro- and macro-economics aside, there are two questions that conservatives just never seem to be able to answer. In 30 years, when has trickle-down ever worked? When will it start working?
It hasn’t, and it won’t. If it had, we’d be in absolute paradise by now, not watching working families struggle while the super-rich keep getting richer.
We can’t expect Young Conservatives to understand that, though. They’re so sure the economy would work if we’d just stop regulating it at all, stop taxing the rich entirely, and all workers would just work a little harder for a few more peanuts. If all that happens, we’ll all be fine. The real problem is socialist governments refusing to let business run amok. Typical right-wing economics, of which we’ve seen 30 years of failure.