Trump's Fed pick Stephen Moore has brought that less-flattering trade-off into focus, a comparison that Democrats like better.
"Capitalism versus socialism," reads the Republican 2020 bumper sticker. Now one of President Donald Trump's Federal Reserve picks has written an alternative Democrats like better.
But the scrutiny underway since Trump tweeted his intent to nominate Moore highlights a theme Republicans rarely emphasize: That democracy, rather than being the well-spring of the American system, can be a used as weapon for struggling have-nots to prey on the affluent by seizing their wealth. Lately, a few prominent Democrats have made that charge easier to make. The frontrunner among declared 2020 presidential candidates, Sen. Bernie Sanders of Vermont, calls himself a democratic socialist; so does fiery first-term Rep. Alexandria Ocasio-Cortez of New York, which explains why conservatives shower her with attention.
Voters want to preserve major benefit programs while raising taxes on major corporations and wealthy Americans. A Democracy Fund study of Trump voters following the 2016 election found that, among the core supporters who propelled Trump to the GOP nomination, 75% favor higher taxes on the rich. Ex-House Speaker Paul Ryan used to call 60% of Americans"takers" who consume more services than they paid for in taxes, and the other 40%"makers" stuck with the bill. In 2017, Trump budget director Mick Mulvaney derided deficit-spending on government programs as"theft" from taxpayers.
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