This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Don’t fall for Biden’s tricks, ‘free’ means taxpayer-funded
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Trending > Don’t fall for Biden’s tricks, ‘free’ means taxpayer-funded
Trending

Don’t fall for Biden’s tricks, ‘free’ means taxpayer-funded

Editorial Board Published October 18, 2021
Share
Don’t fall for Biden’s tricks, ‘free’ means taxpayer-funded
SHARE

OPINION:

The big government socialists who have taken over the Democratic Party love to talk about “free” programs: Free community college, free child care, free dental and eye care for Medicare, free public housing, free food stamps, the list goes on. 

Don’t fall for it.

Sen. Bernie Sanders’ belief in socialism has now infected virtually the entire elected membership of the Democratic Party in Washington. This infection persists despite daily evidence that big government is not efficient or effective. 

At the federal level, consider President Joe Biden’s border catastrophe, his disastrous exit from Afghanistan, his record inflation, and now the crippling, policy-imposed supply chain woes. 

At the local level, consider the collapsing urban schools, skyrocketing murder rates in Democrat-run cities, and massive theft of unemployment compensation money.

There is an almost religious fanaticism within the left to believe that somehow more big government implementing more socialist policies will create a better future.

The left’s constant refrain of the word “free” is a key example of how misguided big government socialism really is.

None of the things the big government socialists want to do are free. In a bygone, saner political era, they would be described as what they are: taxpayer-funded programs.

When you get a “free” school lunch, a taxpayer paid for it. When you get “free” treatment through Medicaid, a taxpayer funded it. When you go to a “free” government-run school, taxpayers have ponied up the cost.

When you discuss the lunacy of big government socialist programs — whether from Mr. Biden, Sen. Chuck Schumer, or Speaker Nancy Pelosi – correct the conversation every time the word “free” is used. Insist on calling it “taxpayer funded.”

To dig a little deeper: Taxpayers fund government programs in three ways — borrowing, taxing cash, and taxing through inflation. All three methods involve taking money out of taxpayers’ pockets and reducing the standard of living for Americans.

Borrowing for public programs is a future tax. Businesses borrow to make investments, which increase revenue and become self-liquidating. They invest in greater production and larger profits, which then pay off the debt without a further claim on the borrowers. 

But government borrows, spends money on current goods and services, and has nothing coming back to repay the debt – except your future tax dollars. Sooner or later, you have to lower your standard of living to pay off the government’s debt. 

Further, when interest rates rise, the cost of paying interest becomes so large it dominates and soaks up the budget. Because of the compounding effect of interest on the debt, the Founding Fathers — and most generations who followed them – have had a distinct hostility to deficit spending and large government debt build-up.

The traditional alternative to borrowing is to raise taxes. It is no accident that Mr. Sanders’ $3.5-plus trillion big government socialism bill has a $3 trillion tax increase attached to it.

President Donald Trump helped grow the economy with the largest tax cut in history, and now Biden seems determined to crush the economy with the largest tax increase in history. 

Of course, Trump combined an extraordinary program of regulatory modernization with his tax cuts, which further accelerated economic growth, job creation, and increased take-home pay. By contrast, Biden is launching a massive wave of job- and investment-killing regulatory red tape along with his tax increases. So, we are almost guaranteed a much smaller, slower-growing economy, fewer jobs, and less take-home pay.

However, the real hit for ordinary Americans may not come in the form of direct taxes. They will feel the indirect taxation of their spending power through rampant, crippling inflation.

A recent Wall Street Journal editorial made precisely this point. As the Editorial Board wrote, “workers are paying the price. Real average hourly earnings rose 0.2% in September, but they are down 0.8% since a year ago. Real hourly earnings are down 1.9% since January when Joe Biden became President. What the progressive government giveth in transfer payments, it taketh in higher prices and real wage declines.”

The Biden promise only to raise taxes on people earning more than $400,000 a year has clearly been broken.

Every person who buys gasoline or heating oil is paying more. In his Unleash Prosperity hotline, Stephen Moore pointed out that energy costs are up 24.8% in the last year. That hits virtually every American, no matter their income. 

To be clear: If you eat, Biden inflation taxes you. As the Wall Street Journal reported, “Beef prices are up 17.6% over the last 12 months, and fresh fish and seafood are 10.7% higher.”

Of course, if you don’t eat, drive, or use electricity to light, heat, or cool your home, you might avoid the Biden inflation tax.

The next time you hear a big government socialist — or their news media mouthpieces — use the word “free,” break in and say, “don’t you mean taxpayer-funded.” You will find people suddenly become much less supportive of the big government socialist takeover of America.

• To read, hear, and watch more of Newt’s commentary, visit Gingrich360.com.

Sign up for Daily Opinion Newsletter

TAGGED:TrendingWall Street Publication
Share This Article
Twitter Email Copy Link Print
Previous Article Microsoft Executives Told Bill Gates to Stop Emailing a Female Staffer Years Ago Microsoft Executives Told Bill Gates to Stop Emailing a Female Staffer Years Ago
Next Article Foreign Investment Rebounds but Strained Factories Miss Out Foreign Investment Rebounds but Strained Factories Miss Out

Editor's Pick

Jordan Peterson Hospitalized, ‘Close to Loss of life’ Amid Weird Eating regimen, ‘A long time of Mould Publicity,’ Daughter Says

Jordan Peterson Hospitalized, ‘Close to Loss of life’ Amid Weird Eating regimen, ‘A long time of Mould Publicity,’ Daughter Says

Studying Time: 3 minutes Based on the most recent replace from his daughter, writer and psychologist Jordan Peterson is coping…

By Editorial Board 5 Min Read
Maggie Baugh: Every part We Know About Keith City’s Rumored New Girlfriend
Maggie Baugh: Every part We Know About Keith City’s Rumored New Girlfriend

Studying Time: 3 minutes Is Keith City hooking up together with his…

4 Min Read
Danielle Fishel Rebuffs Whitney Leavitt After ‘DWTS’ Gaffe
Danielle Fishel Rebuffs Whitney Leavitt After ‘DWTS’ Gaffe

Studying Time: 2 minutes Did Danielle Fishel simply put Whitney Leavitt in…

4 Min Read

Oponion

Neither ecologically sustainable nor moral, says examine over translocation of African cheetahs to India

Neither ecologically sustainable nor moral, says examine over translocation of African cheetahs to India

A brand new examine by the Centre for Wildlife Research…

February 19, 2025

White House clears news reporters from Biden’s conference with governors

The White House on Monday ordered…

January 31, 2022

MPs to assessment pensioner poverty after winter gas fee minimize | Politics Information

MPs have launched a assessment into…

November 22, 2024

Kim Kardashian to Kanye West: You are About to Lose Custody of Your Children!

Studying Time: 3 minutes Kim Kardashian…

March 18, 2025

Cucumber: Superfood in Your Each day Weight-reduction plan

Uncover the unbelievable well being advantages…

October 6, 2024

You Might Also Like

Russia for Business: Experts Who Help Drive Decisions
BusinessTrending

Russia for Business: Experts Who Help Drive Decisions

Amid sanctions and the restructuring of global supply chains, understanding the logic behind Russia’s actions has become a practical necessity…

4 Min Read
The De-Asian-izing of Hollywood: How DEI Became a Cosmetic Fix
LifestyleTrending

The De-Asian-izing of Hollywood: How DEI Became a Cosmetic Fix

By Gregory Hatanaka Every awards season, Hollywood congratulates itself for diversity — celebrating inclusion, representation, and progress. Yet for many…

13 Min Read
The Quiet Shift in America’s Workforce: Why Side Hustles Are Becoming Essential for Women Over 40
BusinessTrending

The Quiet Shift in America’s Workforce: Why Side Hustles Are Becoming Essential for Women Over 40

Across the nation, a quiet but powerful workforce shift is underway. Increasingly, women over 40 are seeking side hustles to…

4 Min Read
Deborah Dalton: Award-Winning Novels and Film
EntertainmentTrending

Deborah Dalton: Award-Winning Novels and Film

Topeka, Kansas. Deborah Dalton’s career has taken a path as remarkable as the worlds she creates on the page. Long…

2 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?