What Socialism Would Do to U.S.
It is astounding at just how many people heed the siren song of Communism light er, Socialism. The following article discusses exactly what it would do to the average American family. It does not paint a pretty picture. Fed Report Makes Dire Prediction of What Socialism Would Do to U.S. A new report from the president’s Council of Economic Advisers takes a look at what would happen to the United States if we were to adopt the socialist proposals endorsed by Sen. Bernie Sanders and others…and the results are not pretty. In “The Opportunity Costs of Socialism,” the authors conclude that implementing programs such as Sanders’ “Medicare-for-all” would immediately reduce the size of the U.S. economy by 40%. That, they note, would be the equivalent of stealing $24,000 a year from every American citizen. “Coincident with the 200th anniversary of Karl Marx’s birth, socialism is making a comeback in American political discourse,” the report states. “Detailed policy proposals from self...