Why This Trotskyite Deserves The Icepick
Bernie Sanders supporters flooded The Libertarian Republic news magazine's website and social media sites over the weekend. A strong pushback from editor Austin Petersen against the socialist spawn of the Bernie Sanders presidential campaign uncovered a slough of economically illiterate American activists, ready to do battle for evil.
And make no mistake, socialism is evil.
The classical liberal (libertarian) economists of the 20th century penned their screeds against the statist democratic socialists movements of their day, now TLR's Freedom Report podcast takes similar aim.
Democratic socialists believe that their Trotskyite leader will prevail, and a peaceful utopia will emerge of citizens cooperating with one another voluntarily, and eventually the state will wither away... but before the state can wither away, all power must go to the state. The government supreme. All power to the so-viet!
Democratic socialists believe that a top marginal tax rate of 90% on the wealthiest citizens will "soak the rich," and stabilize the economy. They point to the 1950's as an example, when Dwight Eisenhower presided over a 91% top marginal tax rate. But why don't they ever look at effective tax rates? These show that few people actually paid those taxes, and those earning more than $100,000 paid less than 5 percent of the taxes collected in the U.S. That's a lot fewer than today.
Democratic socialist believe that their cause is just, that their progressive policies of economic centralization, and bigger government will bring utopia. Their version of socialism is just, because it is not Leninism. It's not Stalinism. This isn't War Communism, they say... no they don't. They don't know what War Communism is. They don't know what Communism is. They don't know what socialism is. They think AND SAY that North Korea is a worker's paradise.
“The average man is both better informed and less corruptible in the decisions he makes as a consumer than as a voter at political elections.”
― Ludwig von Mises
Bernie Sanders has stirred up all that is wrong with America, and today's Freedom Report podcast is a complete takedown of the would-be tyrant Bernie Sanders.