Say no to Democratic Socialism’s enormous price tag

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On August 9, Alexandria Ocasio-Cortez, the Democratic socialist candidate for New York's 14th Congressional District, declined a challenge to debate conservative commentator Ben Shapiro. After comparing this challenge to catcalling on Twitter, it is clear that Ocasio-Cortez is scared of a debate against a difficult opponent. She also likely understands that her Democratic socialist platform would be exposed for its ideological flaws and harmful consequences.

Those who see the new progressive movement as inspiring highlight its agenda based on greater economic equality, while others fear that its reforms will dramatically and detrimentally expand the role of government. However, the one thing we know for sure is that Democratic socialism is expensive—and Americans should reject this pricy platform.

Candidates like Ocasio-Cortez and Sanders propose expensive policies like a federal jobs guarantee, single-payer health care, and "free" public college. Unsurprisingly, this will require astronomical increases in government spending that will add to the out-of-control federal debt that has already exceeded $21 trillion.

Brian Riedl, a policy researcher at the conservative-leaning Manhattan Institute, estimates that Sanders' and Ocasio-Cortez's proposals would generate $42.5 trillion in additional federal expenditures over the next decade. The long-term fiscal outlook under this agenda is even more frightening––Riedl found that these proposals will cost $218 trillion over 30 years.

In order to broaden the appeal of his work, Riedl used exclusively liberal think tanks and non-partisan sources for his analysis including the Tax Policy Center, the Urban Institute, and the Center for Budget Policy and Priorities. These numbers are coming from the left, so some of them, including the cost for the jobs guarantee, are even considered to be low, modest estimates.

So how does all of this get paid for? Democratic socialists like to run down a list of new taxes they support, supposedly aimed at the wealthy and large corporations. Some proposals include carbon taxes, a higher corporate tax rate, health care premium taxes, and increased payroll taxes. Ocasio-Cortez also proposes a "Buffet tax" that requires high earning individuals to pay a minimum of 15 percent of their income. Riedel's Vox article calculated that, under very generous fiscal and economic assumptions, Democratic socialist proposals would cut $8.5 trillion of spending in areas such as defense and state spending on health care, leaving the federal government on the hook for the remaining $34 trillion.

This would require a near doubling of federal tax revenues. To put that in perspective, the federal government would need to tax all corporate profits, as well as household income and pass-through business income (income from a business that is taxed at the individual owner's level as opposed to the corporate level) above the thresholds of $90,000 ($150,000 for married couples) at a 100 percent rate to make up this revenue gap.

Simply put, taxpayers cannot afford these unsustainable and disadvantageous reforms. Large-scale entitlement programs like Social Security and Medicare are already rapidly rolling off a fiscal cliff, with their trust funds on pace to be depleted by 2026 and 2034 respectively. Further expanding federal entitlement programs would clearly be much costlier than more plausible reforms like tax cuts, and no cut in defense spending will be sufficient to make up for Democratic socialism's obscene cost burden.

It's troubling to witness socialist and redistributionist policies gaining popularity in America, especially when history and current events both show the threat they pose to a stable and prosperous democracy.

Though utilizing more government intervention than Democratic socialism, the Soviet Union and Venezuela's centrally planned economic systems both eventually led to humanitarian crises that caused a shortage of fundamental goods and services, mass starvation, severe restriction of basic liberties like freedom of speech and worship, and massive death tolls. It is estimated today that the Soviet Union's communist regime under Joseph Stalin murdered as many as 20 to 60 million people. In Venezuela, hundreds are dying from malnutrition and violence imposed by the government to dismantle protests.

Even more moderate proposals such as Canada's latest failure with universal basic income (UBI)––unconditional, periodic government cash payments––show the problems with government expansion. After only 15 months, Ontario ended its C$150 million UBI program that was supposed to last three years, after they realized that it was expensive and financially unsustainable. Finland's UBI experiment will also end in failure after this year as its government concluded that the program would not be an efficient reform of the welfare system.

It's clear that redistributionist policies will not save our country from fiscal destruction. To save American taxpayers from extreme economic burdens, Democratic socialism's recent insurgency into our political system must be rejected.

Mitchell Siegel is an intern at the Foundation for Government Accountability. He is rising junior studying economics at Duke University.

Justin Haskins, editorial director of the Heartland Institute, joined Glenn Beck on the radio program to expose a shocking conversation between two Great Reset proponents — Klaus Schwab, chairman of the World Economic Forum, and Christine Lagarde, president of the European Central Bank (Europe's equivalent to the Fed).

The way Schwab and Lagarde discuss the role central banks should play in establishing societal norms, determining your way of life, and defending against potential crisis is proof that the Great Reset is upon us, Justin explained. And the scariest part is that they're not even trying to hide it. The entire, unbelievable conversation has been published on the WEF website, which you can read here.

Glenn read an excerpt from the conversation:

Christine Lagarde: At the ECB, we have now wrapped up and concluded our strategy review, which was the first one in 17 years. And I was blessed to have an entire Governing Council unanimously agree that the fight against climate change should be one of the considerations that we take when we determine monetary policy. So at least the European Central Bank is of the view that climate change is an important component in order to decide on monetary policy. ...

Can we arrive at that trade-off between fighting climate change, preserving biodiversity and yet securing enough growth to respond to legitimate demands of the population? And my first answer, Klaus, to be firm, is that to have a way of life, we need life. And in the medium term, we do have major threats on the horizon that could cause the death of hundreds of thousands of people. So we have to think life, first. We have to think way of life, second. ...

So we have to think life, first. We have to think way of life, second. How can we come together to make sure that we secure the first priority, which is life, and also protect the way of life that people have? And make sure that the cost of it is not so high for some people, that they just cannot tolerate it. I think that the trade-off that we reach will probably require some redistribution, because it is clear that the most exposed people, the less privileged people are those that are going to need some help.

"Do you understand, America, what that means?" Glenn exclaimed. "You have elites, that you never elected, that are having these meetings ... deciding what is a legitimate need for you. And telling you that your needs are going to go away in your lifetime. You may not see a time where you get wants again. Just your needs are going to be addressed. Am I reading this wrong?"

"This is absolutely what is being said here," Justin agreed. "She's very clear that we need to make sure that way of life is second to life. We have to save all these people, hundreds of thousands of people are going to die from this supposedly existential threat of climate change. And their wants, and their desires, and their quality of living, all of that has to come second."

"This is a central bank saying this. This is not an elected official, who is accountable directly to the people. This is a central bank saying, we're going to print money. We're going to use monetary policy, to impose these ideas, to rework society in order to accomplish our goals," Justin added, addressing Lagarde's call for "some redistribution."

Will Great Reset elites — not elected by the U.S. — soon be dictating to the rest of the world? Watch the video clip below to hear Glenn and Justin break it down:

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First comes the "crisis," then comes the expansion. The federal government is seizing on the January 6 Capitol riot to take carte blanche to do whatever it wants and weaponize the event to further empower the new overlords of our country — the intelligence community.

On Glenn TV Wednesday, Glenn Beck reveals what's happening with the U.S. Capitol Police and argues they've morphed into a new arm of the intelligence apparatus, boosted by a massive increase in funding and surveillance equipment and new offices OUTSIDE the Capitol building. The Biden administration has also hidden basic details regarding January 6. Why did officials refuse to release the name of the officer who killed Ashli Babbitt? Where are the 14,000-plus hours of CCTV footage? As any intelligence organization knows, it's best to operate outside the realms of oversight.

Glenn exposes the hidden hand of government that could be used to punish and destroy innocent Americans who are only guilty of holding the "wrong" political view.

Watch the full episode of "Glenn TV" below:

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The conditions in Afghanistan under the Taliban rule — for Americans, allies, Christians, women and more — continue to deteriorate, and the people there continue to plead that we will not forget them. On the radio program Monday, Glenn Beck gave an emotional update on current evacuation efforts, including the tragic story of one girl — an American passport holder — who was not rescued in time.

"I have a pit in my stomach like I haven't had in a while. What is happening in Afghanistan is both miraculous and horrendous," Glenn began. "What's going on right now one of the most amazing things I've ever personally witnessed — the evacuation of Americans, those [Afghans] who helped us, Christians that are dying, women that are under incredible conditions. I see things that I can't show you. I see the pleadings from people who are in safe houses, 'Please, don't forget us.' I see what they're being sent by the Taliban.

"If I die today, my entire life will have been worth it for what you have helped get done, in just the last three weeks. You have saved well over 5,000 people," he continued.

Fighting back tears, Glenn added, "I ask that you pray for those in the Middle East, that are in the midst of doing work, that a Moses-style miracle will happen. ... There are several people that are in dire need of medical care. Friday, we told you — along with the congressman from Oklahoma [Rep. Markwayne Mullin] who had just returned — [about] a father and two daughters that were blue passport Americans, and a mother who had a permanent residence, a Green Card. The daughter was very ill. And they thought, that if we couldn't get her out of there, that she would lose her legs. I got a call on Saturday morning, that we were too late, that she didn't lose her legs. She lost her life, waiting. There are now two Americans, instead of three."

Glenn showered his audience with gratitude, repeating that "well over 5000" lives have already been saved because of their incredible generosity, but lamented that there are still thousands more people yet to be saved.

Watch the video clip below to hear more updates from Glenn:

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To donate to these rescue efforts, visit NazareneFund.org or MercuryOne.org.

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To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.