Perhaps one of the biggest reasons millennials have such a sympathetic view of socialism is because they don’t understand that “free” isn’t really free. Socialism today is more likely to be associated with the Scandinavian nations and their enticing freebies than the former Soviet Union or Venezuela.Even those who realize all government has to be paid for some way, whether it be through taxes, borrowing or inflation, always seem to think it’s someone else bearing the cost. If you put two socialists in a room, each would think it’s the other one paying for everything.
So what happens to a liberal when they realize they have to pay for the policies they support? These two tweets, four years apart, couldn’t capture it any better:
Sure, socialists like Bernie Sanders want to raise taxes on the rich to pay for their schemes. But his fans always seem to forget the rich aren’t rich enough to fund everything he wants. They’re going to be bearing the cost too.
[Note: This post was authored by The Analytical Economist]