Study: Top Motivation For Hating Capitalism Isn’t Compassion, It’s Resentment
Author
Message
RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
Subject: Study: Top Motivation For Hating Capitalism Isn’t Compassion, It’s Resentment Tue Oct 01, 2019 5:15 pm
With the 2020 presidential election around the corner, Democratic presidential hopefuls and lawmakers have put forth bold proposals such as returning the top marginal income tax rate to 70 percent, levying wealth taxes as Sens. Bernie Sanders and Elizabeth Warren have proposed, or “taxing the hell out of the wealthy” as New York City Mayor Bill de Blasio put it.
Others such as Rep. Alexandria Ocasio-Cortez claim that capitalism is “irredeemable” and a system that “allows billionaires to exist” is “immoral.” Sanders recently declared he does not think “billionaires should exist.”
Warren went further when she told voters they could attribute frustrations in their lives to the rich and powerful: “You’ve got things that are broken in your life; I’ll tell you exactly why. It’s because giant corporations, billionaires have seized our government.” Watch here:
Many have also noticed the uptick in support for socialism among Democrats as well as the increasing popularity of candidates affiliating with the “democratic socialist” moniker.