ANDY KESSLER: Progressive policy makers won’t learn that parasites should never kill their host.
It is hard to sit by and watch your economy being strangled. Ibram X. Kendi’s book “How to Be an Antiracist” is all the rage now, but the Biden administration and its progressive hangers-on are providing a master class on “How to Be an Anticapitalist” and suck the air out of the economy.
Start by paying people to do nothing—1.8 million workers, according to a recent Morning Consult poll, have turned down jobs due to generous unemployment benefits, including an extra $300 a week from the federal government in some states. Meanwhile, Burger King is offering a $1,500 signing bonus.
Anticapitalists then shut pipelines (except Russian ones) and suspend drilling leases in parts of Alaska, helping send oil prices above $70. The government says it wants to limit carbon emissions, but then it squashes better energy options like nuclear. On June 30, months after New York state closed the Indian Point nuclear power plant, Mayor Bill de Blasio asked New Yorkers to cut back on energy usage during a heat wave. You can’t make this stuff up.
An anticapitalist would next restrict capital formation, so President Biden has proposed raising the top capital-gains rate from 23.8% to a punitive 43.4% and the top individual income-tax rate to 39.6%. . . .
Anticapitalists in Congress are pushing $3.5 trillion in spending unrelated to infrastructure with an Orwellian sleight of hand by declaring it “human infrastructure.” Big surprise, it is larded with climate provisions and other progressive party favors.
Then anticapitalists limit speech, open the borders, mess with education (math isn’t about getting the right answer anymore), ruin healthcare, and defund the police, causing crime rates to rise. Cities and suburbs have homeless encampments and brazen daytime crime. San Francisco shoplifters limit themselves to a total haul worth less than $950 knowing that the cops won’t stop them if they commit what 2014 California ballot proposition redefined as a misdemeanor.
When you understand that “progressive ideology” is a memetic weapon designed to destroy the host, it makes sense.