Under President Trump, unemployment is at record lows, consumer confidence is at an 18-year high. In short, the economy is booming.
One would think Bernie Sanders might want to take a step back and try to understand that cutting taxes and deregulating the economy helped usher in the “Trump boom.”
Ol’ Bern reminds me of the definition my father gave me when, at age ten, I asked him what the word “socialist” meant.
He told me that a socialist is a stupid person who thinks he is smarter than everyone else.
Socialism: Sen. Bernie Sanders, a self-declared socialist who’s never held a steady job outside government, thinks he knows better than CEOs how to run a business. And yes, he’s serious.
Fresh off what Sanders sees as success in pushing Jeff Bezos to raise Amazon’s minimum wage to $15, Sanders has set his sights on a longtime bete noire of the left: Walmart.
With typical Sanders subtlety, his new legislative proposal is called the “Stop WALMART act.”
Under it, big employers like Walmart would be banned from buying back shares in their own company unless they paid all their workers at least $15 an hour. They’d also have to cap CEO pay at 150 times the median employee pay, and provide seven days of paid sick leave. (Why Sanders doesn’t also include free lunches and bus tokens in his list of demands isn’t clear.)
Sanders says he’s building on the success of his Stop BEZOS act, which would have dictated that large companies “pay back” the cost of any government benefits received by any of their workers.
That idea, so ill-conceived that even liberal economists wouldn’t endorse it, had no chance of passage. Nevertheless, Bezos responded by raising his own company’s minimum wage to $15, which won him short-term praise from Sanders but hurt many hourly workers by eliminating bonuses and stock incentives….