A Democrat for the majority of my adult life, I have watched my former party shift increasingly toward socialism. With the rise of Bernie Sanders and democratic socialists at the state and city level, it is a party I no longer recognize. The 2020 presidential election presents a clear choice between the beleaguered American Dream and rising democratic socialism. The current—and perhaps unwitting—vehicle for this movement, 77-year-old Joe Biden, is in no way fit to lead the nation for the next four years.
Biden’s economic plan seeks to raise $3.2 trillion in revenue over the next decade. It would do this, in large measure, by increasing the individual tax rate for the vast majority of Americans. It would also increase capital gains and corporate taxes. While not the largest tax increase on record, Biden’s tax proposal would compare to the tax increases that helped finance World War II, the Korean War, and the Vietnam War.
