Which group has suffered the most because of Obamanomics?
That’s hard to answer. We know that the average family has less income today than when Obama took office.
If we want to narrow things down, we know that blacks have endured hardship because of a weak economy.
But you also could make a strong case that young people have been the biggest victims.
Which is why it is so discouraging that many of them support big government. Here are some depressing numbers from a Frank Luntz survey, as reported by U.S. News & World Report.
Fifty-eight percent of young people choose socialism over capitalism (33 percent) as the most compassionate system. …A plurality of 28 percent say the most pressing issue facing the country is income inequality – one of Sanders’ top themes.
I strongly suspect, by the way, that these young people (just like Hillary Clinton and Debbie Wasserman-Schultz) have no idea how to define socialism.
But that’s hardly a cause for cheer. Even if they simply think socialism is class-warfare taxation and lots of redistribution, it’s still bad news that so many of them have been seduced by the politics of hate and envy.
It’s like they’re totally oblivious to the damage that big government has caused for young people in Europe.
Their views on income inequality are similarly flawed, though perhaps slightly more understandable since millennials have suffered through a very weak economy.
But that’s what makes this polling data so puzzling. Why on earth are young people supportive of statism when they’ve been among the main victims of the weak Obama economy?!?
Writing in the Wall Street Journal, Daniel Arbess ponders the bizarre fact that so many young people support Bernie Sanders.
…voters in the millennial bracket, 18- to 34-year-olds, will for the first time equal the baby-boomer share of the electorate, at 31%. These young voters appear to be falling headlong for the Vermont senator’s plaintive narrative of economic “unfairness.”…throwaway prescriptions for redistributing income and wealth… These young voters seem not to realize that the economic policies they find so resonant are the least likely to promote the growth and the social mobility they desire.
Arbess looks at some of the data about how Obamanomics has been bad for young people.
The millennials can’t be faulted for being anxious about their economic prospects. They are coming of age in the weakest economy in generations. The underemployment rate (measuring those working a job for which they’re overqualified and underpaid) for young adults below age 30 is 60%. The overall employment-to-population ratio of 77.4% for those in the prime-of-working-life 25-54 age bracket translates into 1.5 million jobs below the 20-year average. The college graduate living in his parents’ basement and working a marginal job to service a student loan is by now an archetype of the Obama era.
He then elaborates on the self-destructive instincts of many young voters.
…Why wouldn’t young voters want “free stuff” paid for by the rich, as the Bernie Sanders and Hillary Clinton narrative promises? Because the no-free-lunch axiom is still true: Mr. Sanders’s socialized education, health care and other policies would cost up to $20 trillion, according to analysts, requiring tax collections to increase up to 47%. And have we not at least learned from the collapse and dismantling of socialism over the past quarter century that governments lack the incentives and resources to effectively allocate and manage capital in the microeconomy? …Yet millennials, who would most benefit from a real economic recovery, replacing the false one of the past several years, so far seem intent on voting against their interests.
This video is a good summary of the issue.
Given all this evidence, I’m mystified that young people are big supporters of statism.
And it’s not just what we’ve looked at today. I’ve previously shared data indicating that they are clueless on public policy issues.
At the risk of sounding like some old guy who yells “you kids get off my lawn,” maybe the solution is to raise the voting age. Or, better yet, change the rules to that you only get to vote when you have a job and pay taxes!
More seriously, the answer is more education.
P.S. The good news is that suffering through Obamacare may change the minds of some young people.
P.P.S. In any case, the polling data on guns shows that young people are not totally hopeless.
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I was a young person in 1968, when Wallace and Nixon wanted us jailed for free enterprise plant leaves or freely enslaved to murder buddhists for Jesus in the French opium regie. The only thing saving the dregs of mystical mercantilism is Ayn Rand’s exposé of how altruism is at the root of both republican national socialism and democratic international socialism. By suppressing the LP, mystical prohibitionists only hasten their own guillotining.
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[…] wondered, only half-jokingly, whether they’re too clueless to […]
America’s educational system has long taught fraudulent history.
Forever praising the treasonous overreach of tyrannical sucks like FDR and Lincoln instead of teaching the actual facts.
America’s educational system, is largely responsible for conditioning and instilling the socialism disease infecting our country.
Nothing, but one big whorehouse of socialism, mass pimping citizens into a brothelized bunch of socialism whores progressively destroying the country from stupidities back.
Socialism, is a disease and the epitome of human stupidity
Socialism, in all of its bastardized revisions, are nothing, but a different stink from the same collectively diseased pile of socialist shit.
It’s slavery.
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[…] though the real-world evidence against big government is so strong, it’s rather baffling that many young people are drawn to that coercive ideology and disturbing that a non-trivial number of voters favor this […]
I don’t think so. The only stupid and ill-informed people to vote would vote democrat.
[…] Cato colleague Emily Ekins writes that young people are not hopeless idiots, at least not all of them. Though she phrases her argument in a much nicer fashion in a column she […]
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[…] for Commentary, analyzes the current version of socialism, which – particularly in the (feeble) minds of young people – is simply more middle-class entitlements financed by high tax rates […]
ahh the impetuousness of youth……. perhaps the overseas political dynamic will provide a vehicle for a meaningful informal education for our unapologetic statist… and no… molotov cocktails do not produce a warm and fuzzy buzz….
[…] By Dan Mitchell […]
Oh yes, European disposable income. And that income buys what? It buys gasoline at $6 per gallon, cars that pay the 100% Danish automobile tax, general goods laden with the 23% VAT tax, and 900sqf beehive apartments which (due to socialist coercive zoning and building restrictions) cost as much as a 2500sqf single family house on a 1/6 acre lot in most of the United States. These are just some of the flaws in the NYT reference study.
Perhaps, once you get to vote and leave us with Sanders, you should indeed use that other passport you have, as I have done. Perhaps it’s a Dutch, Swedish or French passport and you’ll experience first hand European prosperity. You may come back a wiser person, but the America you will be returning to will not be the one you left.
As one of those young statists you seem to have contempt for, let me elaborate. We support Democrats because overwhelmingly, the “big government” policies you despise are actually pretty successful.
The United States has among the smallest governments in the developed world. Yet the US middle class is now among the weakest in the developed world, and is trailing the middle classes of Canada and Western Europe.
http://www.nytimes.com/2014/04/23/upshot/the-american-middle-class-is-no-longer-the-worlds-richest.html?_r=0
Take a look at US median net worth. It’s pathetic when you compare it with other developed countries.
http://money.cnn.com/2014/06/11/news/economy/middle-class-wealth/
Not to mention that Israel is now closing in.
You see, aside from a handful of basket cases such as Spain, Greece, Italy, and Portugal, which are the main reason why Europe’s unemployment rate is so high, and even many of them are recovering (here’s one example:http://www.ft.com/cms/s/0/b6d7f9a2-b3a8-11e5-b147-e5e5bba42e51.html#axzz412vwJiFh), most European countries are doing just fine.
‘
Meanwhile, the US middle class is in decline: http://www.pewsocialtrends.org/2015/12/09/the-american-middle-class-is-losing-ground/
That’s not to mention the universal health care (for every healthcare horror story you can bring up from a country with “socialized medicine”, I can bring you two from the United States), as well as the fact that the United States does not mandate any paid vacation time, sick leave, or maternity leave. When you look at it from the perspective of the developed world, the United States looks pretty backwards.
So looking at it, it seems “big government” works just fine. As for me, I’m rooting for Sanders, though I get that he probably won’t be President and even if by some miracle he does win, the GOP will probably retain control the House, In any event, I plan on getting out of here. I have a second passport with another developed country, one with that evil “big government” you seem to loathe, and my reasons are not purely economic, but it’s a factor in it all right.
I don’t understand the surprise, it is what they learn from the Media-Political complex , the Educational-Political complex and that epitome of equality: Holllywood.
Yes, they are too stupid to vote.
And people should not be allowed to vote unless they have paid income tax in at least one of the prior three or five years.
The human brain grows until about 25 years old. That would be a good minimum voting age.
Youth lacks experiences in real life. They haven’t experienced bad bosses, competition, the uncertainities and the general “unfairness” of life. So they vote for what they imagine the world should be like rather than what is real. Combine this with a poor upbringing, bankrupt education system and you have uninformed voters. Not just the young but the givemes and losers.
No one who gets public assistance should be allowed to vote, nor anyone who hasn’t served in the military. Universal military service should be voluntary-I mean universal that anyone who wishes to serve should be allowed to,
Because the point of no return has passed.
Because when you are affected by the malaise of slow growth, then you need more compassion, more help, more Obama. You need immediate redistribution help, not distant promises of a freer, higher growth future free-market prosperity. So you trade college financial aid for not being able to find a job in four years when you graduate. You keep making the situation worse, because you are in the vicious cycle, the deadly embrace of coercive collectivism. So you say goodbye to Obamahope for even more Berniehope. You set your once top of the prosperity ladder country on a permanent Euro-style low growth path to deterministic decline. You are angry, and instead of blaming your shortsightedness (and your peers’) for voting statism, you vote for even more coercive collectivism.
Same worldwide popular movie. Now finally playing in America.
not stupid but uninformed and too idealistic –
I think the problem is years of socialist agitprop masquerading as an education.
Things gradually turn around once people encounter the real world.
But the bottom line is that the young hear almost nothing but a steady stream of left-wing nonsense from a very early age through college and then a continuing barrage of left-wing idiocy from the media, traditional or otherwise. It is endless.
It is unlikely that we will prevail in any semi-permanent sense until we have significant representation in academia and the media.
Cordially,
David
________________________________
David Burton
Senior Fellow, Economic Policy
Institute for Economic Freedom and Opportunity
The Heritage Foundation
214 Massachusetts Avenue, NE
Washington, DC 20002
202-608-6229
heritage.org
I find it interesting that they believe socialism will decrease income inequality. It actually increases it.
http://freebeacon.com/issues/report-welfare-state-increases-income-inequality/
Bruce Ciummo 401.339.6853
History is Philosophy teaching by example. Thucydides
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You hit the nail on the head- it’s an education problem. Libertarians lost the battle when they allowed liberals to take over the education system. Our children are no longer taught about the system that made America great. In fact, they are not taught the DIFFERENCES between different systems, and why our founding fathers chose a REPUBLIC over a democracy. If you ask many of them, they have been taught we live in a democracy. Shame we did not bring them up better. At least some of us took that on at the dinner table. Hopefully my children have learned the differences, and they do not plan to support the likes of Sanders. I can state that one of my brother’s children is a strong Sanders supporter- she has it all over her Facebook page- or so I’m told. This young girl was the victim of parental divorce, and was never passed the values my children learned. Instead, she was a pawn of her mother who used her to get a free education, free housing, etc- essentially a ward of the state. You learn from your elders, I guess, and this attitude of our children’s generation is a tell-tale sign of the destruction of the family. I guess they think it takes a village…