Why I am not a democratic socialist:
The "oligarchy" decried by the Democratic Socialists of America isn't a product of free-market capitalism. It's a product of corporate socialism and broken money.
Regulatory capture, corporate welfare, and monetary/fiscal stimulus are the lifeblood of entrenched elites. Corporatism and cronyism thrive in our so-called "mixed economy."
Socialists rightly view our Keynesian welfare state and Cantillonaire central bank as a broken system. And yet, their fix to reduce wealth inequality is to further expand and empower that broken system.
Inflation is inherent to our fiat monetary system. US M2 growth explains ~70% of CPI variance since the 1970s (FRED/St. Louis Fed long-run regression 1971–2024: R² = 0.69–0.72).
Entitlement programs meant to help people afford groceries and healthcare drive monetized fiscal deficits and, ironically, long-term economy-wide inflation.
Entitlements account for 61% of federal spending ($54.4T projected over 2026–2035) and fuel our $1.9T deficit in FY 2025 (CBO).
The lower class bears the brunt of this policy-driven inflation—especially when food and energy costs soared 20–30% during the Biden administration (BLS CPI, 2021–2024)—because they lack financial assets.
Calls to tax the rich and expand the welfare state inevitably follow. This is immediately met with a surge in debt growth (~$38T or 122.6% of GDP, 2025).
The Fed artificially lowers rates to roll over this debt, and money printing stimulates the economy. Inflation accelerates. Cost of living crushes families. Wealth inequality steepens.
Calls to tax the rich ring out once again.
The vicious cycle repeats and runs alongside catastrophic systemic strains on the federal budget and tax base.
Dependency Crisis:
1 in 3 Americans—over 110 million—are on entitlement programs like Medicaid and SNAP (Census/CMS/USDA).
Benefit cliffs disincentivize socioeconomic advancement and correlate with higher fertility among the poor (1.8 vs 1.6 births per woman, CDC 2023).
Tax Base Erosion:
High-income filers ($100K+) show net migration losses from high-tax CA/NY to low-tax FL/TX. The tax burden rises on a smaller base (IRS).
Fiscal Cost of Migration:
Millions enter the country (~2.6–2.8M net in 2024, Census/SF Fed) and impose $177B+ in state and local costs (CBO 2024–2034).
Affordability crises caused by government spending, money printing, and a failing tax base cannot be solved by more of the same.
Sadly, this acceleration of a broken system is exactly what the economically and historically ignorant socialists just voted in.







