{"id":88242,"date":"2021-10-06T15:57:19","date_gmt":"2021-10-06T19:57:19","guid":{"rendered":"http:\/\/stateofthenation.co\/?p=88242"},"modified":"2021-10-06T15:57:19","modified_gmt":"2021-10-06T19:57:19","slug":"a-3-5-trillion-plunge-into-socialism-then-communism","status":"publish","type":"post","link":"http:\/\/stateofthenation.co\/?p=88242","title":{"rendered":"A $3.5 trillion plunge into socialism &#8230; then communism"},"content":{"rendered":"<h1>A $3.5 trillion plunge into socialism<\/h1>\n<p><!--more-->Nolan Finley<br \/>\nThe Detroit News<\/p>\n<p class=\"gnt_ar_b_p\">Democrats continue their internal fight over how much of President Joe Biden&#8217;s $3.5 trillion spending proposal they can get away with passing, but for those who believe in fiscal and personal responsibility, the battle is already lost.<\/p>\n<p class=\"gnt_ar_b_p\">Whether the whole banana is adopted, or a somewhat smaller slice, it is all but certain\u00a0 America will see the largest expansion of government since Lyndon Johnson&#8217;s Great Society initiative in the &#8217;60s.<\/p>\n<p class=\"gnt_ar_b_p\">It became inevitable once Democratic Sen. Joe Manchin of West Virginia, who had been a holdout for spending sanity, agreed to accept $1.5 trillion in new giveaways. That&#8217;s now the floor; the ceiling will be decided based on how much sugar Democrats sprinkle on Manchin&#8217;s home state.<\/p>\n<figure class=\"gnt_em gnt_em_img\"><img decoding=\"async\" class=\"gnt_em_img_i\" src=\"https:\/\/www.gannett-cdn.com\/presto\/2021\/04\/29\/PDTN\/7dae248f-208b-43e8-9a29-fc21ccffaf2d-GettyImages-1232583296.jpg?width=660&amp;height=440&amp;fit=crop&amp;format=pjpg&amp;auto=webp\" srcset=\"https:\/\/www.gannett-cdn.com\/presto\/2021\/04\/29\/PDTN\/7dae248f-208b-43e8-9a29-fc21ccffaf2d-GettyImages-1232583296.jpg?width=1320&amp;height=880&amp;fit=crop&amp;format=pjpg&amp;auto=webp 2x\" alt=\"Democrats continue their internal fight over how much of President Joe Biden's $3.5 trillion spending proposal they can get away with passing, Finley writes.\" data-g-r=\"lazy\" \/><\/p>\n<div class=\"gnt_em_img_ccw gnt_em_img_ccw__cap gnt_em_img_ccw__crd\" data-c-caption=\"Democrats continue their internal fight over how much of President Joe Biden's $3.5 trillion spending proposal they can get away with passing, Finley writes.\" data-c-credit=\"Chip Somodevilla, Pool\/AFP Via Getty Images\"><\/div>\n<\/figure>\n<p class=\"gnt_ar_b_p\">The betting line is $2 trillion to $2.5 trillion for the final package \u2014 if Democrats can get their hard-line liberal caucus to recognize what victory looks like.<\/p>\n<p class=\"gnt_ar_b_p\">So this will not be a good week for those who believe the individual\u00a0should be the most powerful force in American life. Biden&#8217;s package is designed to broaden dependency on the government to cover a wide swath of the middle class.<\/p>\n<aside class=\"gnt_m gnt_x gnt_x__lbl gnt_x__al\" aria-label=\"advertisement\">\n<div id=\"ad-slot-7103-mi-detroit-C1561-native-article_link-news-opinion-2\" class=\"gnt_x_sl gnt_x_al\" data-g-r=\"lazy\" data-gl-method=\"lazyLoadX\"><\/div>\n<\/aside>\n<p class=\"gnt_ar_b_p\"><strong class=\"gnt_ar_b_al\">More from Nolan Finley:<\/strong><a class=\"gnt_ar_b_a\" href=\"https:\/\/www.detroitnews.com\/story\/nletter\/nolan-out-loud\/2021\/10\/05\/nolan-out-loud-opportunity-not-mandatnolan-out-loud-opportunity-is-not-a-mandatee\/5998571001\/\" target=\"_blank\" rel=\"noopener\" data-t-l=\":b|e|inline click|${u}\">Nolan Out Loud: Opportunity is not a mandate<\/a><\/p>\n<p class=\"gnt_ar_b_p\">Free community college. Free elder care. Free preschool. Government-funded family and medical leave. Expanded Medicare. All great stuff, right?<\/p>\n<p class=\"gnt_ar_b_p\">But somebody has to pay for it. Biden and the Democrats are pretending the tab will be picked up by making the wealthy and corporations &#8220;pay their fair share,&#8221; ignoring the steep price everyone will pay when such a heavy burden on investors and job creators stalls the economy.<\/p>\n<aside class=\"gnt_m gnt_x gnt_x__lbl gnt_x__al\" aria-label=\"advertisement\">\n<div id=\"ad-slot-7103-mi-detroit-C1561-native-article_link-news-opinion-3\" class=\"gnt_x_sl gnt_x_al\" data-g-r=\"lazy\" data-gl-method=\"lazyLoadX\"><\/div>\n<\/aside>\n<p class=\"gnt_ar_b_p\">Democrats are putting the finishing touches on the transformation of America into a European-style socialist welfare state. It will eventually have to be paid for \u2014 by everyone \u2014 with European-style taxes.<\/p>\n<p class=\"gnt_ar_b_p\">Lower and middle-class taxpayers in European Union nations pay an average marginal tax rate\u00a0of\u00a0<a class=\"gnt_ar_b_a\" href=\"https:\/\/www.heritage.org\/taxes\/report\/progressive-road-map-soaking-the-middle-class\" target=\"_blank\" rel=\"noopener\" data-t-l=\":b|e|inline click|${u}\">49%<\/a> on all wages\u00a0above $37,000 a year, and an average value-added tax (VAT) of 20% on their purchases.<\/p>\n<p class=\"gnt_ar_b_p\">The non-partisan Joint Committee on Taxation\u00a0<a class=\"gnt_ar_b_a\" href=\"https:\/\/www.cbsnews.com\/news\/income-tax-middle-class-families-rate-zero-2021\/\" target=\"_blank\" rel=\"noopener\" data-t-l=\":b|e|inline click|${u}\">estimates<\/a>\u00a0that in 2021\u00a0the effective tax rate for Americans earning between $50,000 and $75,000 will be zero.<\/p>\n<p class=\"gnt_ar_b_p\">That will have to change to cover the price tag\u00a0for Biden&#8217;s free goodies.<\/p>\n<p class=\"gnt_ar_b_p\">The difference between this package and the previous trillions spent in the name of COVID-19 relief is that this spending will never go away. Once a government entitlement is set in place and a constituency built for its dollars, it is nearly impossible to end.<\/p>\n<p class=\"gnt_ar_b_p\">Democrats have an opportunity to make such a transformational change in America because they have a 3-vote majority in the House and control of the 50-50 Senate by virtue of the vice-presidential tie-breaker.<\/p>\n<p class=\"gnt_ar_b_p\">But such narrow margins don&#8217;t constitute a mandate.<\/p>\n<p class=\"gnt_ar_b_p\">Americans in\u00a02020 chose Biden as president because they believed his promise to govern as a moderate who would chart a middle-road course for the nation. Had they wanted socialist Vermont Sen. Bernie Sanders, they could have had\u00a0him.<\/p>\n<p class=\"gnt_ar_b_p\">They got Sanders&#8217; agenda anyway, and they aren&#8217;t likely to be happy with the consequences.<\/p>\n<p class=\"gnt_ar_b_p\">Democrats are bound to pay a price for their\u00a0overreach in the 2022\u00a0mid-term elections. But by then the damage will have been done, and will be irreparable.<\/p>\n<p>___<br \/>\n<a href=\"https:\/\/www.detroitnews.com\/story\/opinion\/columnists\/nolan-finley\/2021\/10\/05\/finley-3-5-trillion-plunge-into-socialism\/5988467001\/\">https:\/\/www.detroitnews.com\/story\/opinion\/columnists\/nolan-finley\/2021\/10\/05\/finley-3-5-trillion-plunge-into-socialism\/5988467001\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A $3.5 trillion plunge into socialism<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-88242","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/88242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=88242"}],"version-history":[{"count":0,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/88242\/revisions"}],"wp:attachment":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=88242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=88242"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=88242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}