As the most reliable and balanced news aggregation service on the internet, DML News App offers the following opinion editorial written by Cliff Maloney, president of Young Americans for Liberty (YAL), and published by TheHill.com:
Amidst some of the most ambitious regulatory reforms in history, the U.S. economy steadily outpacing Asia and Europe, and 145,000 new nonfarm payroll jobs added in December 2019, it shouldn’t be surprising to see the latest polls (including one from Gallup) indicating the highest consumer confidence in 20 years.
Yet, while the economy continues reaping the benefits of less regulation and more service industry growth, this last week saw Rep. Alexandria Ocasio-Cortez (D-N.Y.) lambasting billionaires and entrepreneurs at a Martin Luther King Jr. Day event. “No one ever makes a billion dollars. You take a billion dollars,” she said, drawing applause from the audience. “I’m not here to villainize and to say billionaires are inherently morally corrupt… It’s to say that this system that we live in, life in capitalism always ends in billionaires.”
The article goes on to state the following:
Seriously? It is no secret that socialists have historically had a difficult time coming to terms with even basic economics, but why should the American people be expected to abandon the prosperity we are beginning to enjoy for this level of dumbfounding ignorance? The so-called “democratic socialism” supported by Ocasio-Cortez and Sen. Bernie Sanders (I-Vt.) would plunge the U.S. right back into the tangled web of overregulation and government control that we are just now beginning to fight our way out of. In other words, it is the ideas like those of Ocasio-Cortez that have kept the economy from reaching its full potential in decades past.
Maloney said, should Sanders even make it to the general election, he’s going to have a “difficult time explaining to the American electorate why they deserve to have their small businesses and good-paying jobs regulated out of existence — especially as America enjoys its lowest unemployment rate in 50 years.”
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