Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool

Broke College Students, Clueless Republicans, Impoverished Immigrants

November 8, 2019 By Debbie Young

RIO GRANDE CITY, Texas —Rio Grande City Border Patrol Agents apprehended 102 undocumented aliens. Immigrants apprehended by Rio Grande City Agents. Photo provided by: U.S. Customs and Border Protection

With polls showing a majority of American Millennials view Socialism favorably, with two of the top Democrat candidates running on socialist agendas, and with U.S. House Squad progressives calling for socialist redistribution schemes, Victor Davis Hanson tries to make sense of what is going on in America, explaining that there are many catalysts for the new socialism.

Massive Immigration

  • The number of foreign-born U.S. residents and their children has been estimated at almost 60 million, or about 1 in 5 U.S. residents. Some 27 percent of California residents were born outside of America.
  • Many of these immigrants flee from poor areas of Latin America, Mexico, Africa, and Asia that were wrecked by statism and socialism. Often, they arrive in the U.S. unaware of economic and political alternatives to state socialism.
  • Without marketable skills and unable to speak English — many assume that America will simply offer a far better version of the statism from which they fled. Consequently, many take for granted that government will provide them an array of social services, and they become supportive of progressive socialism.

The Leftward Drift of Silicon Valley, Corporate America, Wall Street

  • The progressive rich feel guilty about their unprecedented wealth. So they champion redistribution as the sort of medieval penance that alleviates guilt.
  • influential and monied classes usually are so well off that higher taxes hardly affect them.
  • Instead, redistributionist taxation hurts the struggling middle classes.

Universities Also to Blame

  • Manipulating the federal government to guarantee student loans empowered universities to jack up college costs without any accountability.
  • Liberal college administrators and faculty did not care much when graduates left campus poorly educated and unable to market their expensive degrees.
  • 45 million borrowers now struggle with nearly $1.6 trillion in collective student debt, with climbing interest. That indebtedness has delayed — or ended — the traditional forces that encourage conservatism and traditionalism, such as getting married, having children and buying a home.

Goodbye Main Street America

  • A generation of single, childless, and mostly urban youth feels cheated that their high-priced degrees did not earn them competitive salaries.
  • Millions of embittered college graduates will never be able to pay off what they owe — and want some entity to pay off their debts.

Clueless Republicans

  • Doctrinaire Republicans mouthed orthodoxies of free rather than fair trade.
  • They embraced the idea of creative destruction of industries, but without worrying about the real-life consequences for the unemployed in the hollowed-out red-state interior.

Why Socialism Suddenly Seems Cool

As VDH writes:

Add up a lost generation of woke and broke college graduates, waves of impoverished immigrants without much knowledge of American economic traditions, wealthy advocates of boutique socialism, and asleep-at-the-wheel Republicans, and it becomes clear why historically destructive socialism is suddenly seen as cool.

Read more here.

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • Krauthammer: Obama is Clueless
  • Going for Broke
  • Krauthammer: Obama is Clueless
  • Author
  • Recent Posts
Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
Latest posts by Debbie Young (see all)
  • Don’t Believe ’em. They’re Coming for Your Gas Stove - January 27, 2023
  • The Power of Words - January 26, 2023
  • US Debt Now Exceeds Annual GDP? - January 25, 2023

Dick Young’s Must Reads

  • Can Ginger Combat Heart Disease and Improve Circulation?
  • You’ve Read The Last Issue of Intelligence Report, Now What?
  • The Simple, Elegant Power of the Retirement Compounders
  • Why Some Kids Won’t Go Back to School, Ever
  • Thanks to America’s Worst President
  • You Need to Seek Some Shelter for When Things Get Ugly
  • Biden Wants to Gut the Tax Benefit of 401K Plans
  • DONBAS: Russian Tanks Face Gauntlet of Death from Javelin Wielding Ukrainians
  • “The Great Object Is that Every Man Be Armed”
  • CONSTITUTIONAL CARRY: Alabama Becomes 22nd Permitless Carry State

Our Most Popular Posts

  • Pfizer CEO Terrified of Real Questions About His Vaccines
  • America's Super States and Stocks that Respect YOU
  • Give Me Clean, Efficient Gas
  • How the Biden Administration Is Destroying Our Energy Infrastructure
  • The Rich Seek More from Bank Accounts
  • Artificial Intelligence Is Coming, But It's Not Quite There
  • Is Kevin McCarthy’s GOP Willing to Do What It Takes on Debt?
  • Strengthen Your Defenses Against Stroke
  • The Sound of Silence
  • Forty Years Ago, Jogging a Mile a Day and Still Going

Disclosure

RSS Youngresearch.com

  • CATO: Global Freedom Is in Sharp Decline
  • Biden Administration Destroying Retiree Fiduciary Protections
  • 4 Life Changing Words for Your Survival Guy: “You Should Try This”
  • Suddenly, Holding Cash Looks Good Again to Many
  • Anti-Carbon Crusaders in Davos Talk ESG and OPM
  • Is Passive Investing Already Passé?
  • Welcome to Hotel California, Where You Can Never Leave
  • What You’re Telling Me Matters
  • Can Banks Compete with Apple Pay and PayPal?
  • America’s Super States and Stocks that Respect YOU

RSS Yoursurvivalguy.com

  • CATO: Global Freedom Is in Sharp Decline
  • TIME FOR A GONDOLA? Little Cottonwood Canyon Jammed with Traffic
  • Biden Administration Destroying Retiree Fiduciary Protections
  • 4 Life Changing Words for Your Survival Guy: “You Should Try This”
  • Anti-Carbon Crusaders in Davos Talk ESG and OPM
  • Welcome to Hotel California, Where You Can Never Leave
  • What You’re Telling Me Matters
  • The Rich Seek More from Bank Accounts
  • California’s Wealth Tax Will Drive Out Remaining Rich Residents
  • Political Establishment Irate over Conservative Challenges to ESG

Don’t Believe ’em. They’re Coming for Your Gas Stove

NH Republicans Favor DeSantis Over Trump By a Big Margin

CATO: Global Freedom Is in Sharp Decline

The Telling Depth of Media Propaganda and Censorship

MEDIA BLACKOUT: No One Will Cover Pharma Exec’s Virus Confession

TIME FOR A GONDOLA? Little Cottonwood Canyon Jammed with Traffic

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives