They are coming for your money, and they have a ton of momentum right now. Democratic Socialists are winning election after election by promising free stuff, but of course free stuff is never actually free. Somewhere along the way, someone has to pay for it. If you find yourself protectively reaching for your wallet as you read this, I don’t blame you one bit. Socialism is a system where the government uses your money to solve everyone else’s problems. Unfortunately, it is also a system that is becoming increasingly popular among our young adults.
In a previous article, I noted that a poll that was taken in 2025 found that a whopping 62 percent of U.S. adults under the age of 30 now have a positive view of socialism.
That should chill you to the core.
Meanwhile, Americans view capitalism less favorably than they once did…
- Fewer than half of Americans say capitalism is working even “somewhat” well — down from 60% about a decade ago, according to a June Wall Street Journal-NORC poll.
- 61% of Americans said they were bothered “a lot” by the feeling that the wealthy don’t pay their fair share in taxes, per a Pew Research Center poll in January. That included 41% of Republicans and GOP-leaning independents.
- The same poll showed another 60% overall — and 42% of Republican-inclined voters — said the same about some corporations paying their fair share.
- And views of big business went from 19 points positive in 2012 (58%-39%) to 25 points negative last year (37%-62%), according to the Gallup data.
This is crazy.
So why is this happening?
Well, the truth is that a large portion of the population is very frustrated with the economy.
The rising cost of living has been absolutely eviscerating the middle class, and many young adults consider homeownership to be completely out of reach because home prices are so absurdly high.
When someone comes along and starts promising all sorts of free stuff in this very harsh economic environment, it can be very seductive.
But if the Democratic Socialists of America were actually able to implement their entire agenda on the federal level, it would more than triple federal spending…
The Democratic Socialists of America (DSA) propose new spending that could more than triple federal outlays. They propose the government pay for health care, housing, higher education, and electricity. Jobs are government-guaranteed, retirement benefits are expanded, paid family leave is universal, fossil fuels are eliminated, and reparations are paid.
The DSA platform claims that the bill for all this will be sent to “the richest individuals and corporations.” Tally up that bill, and it ballparks between $71 trillion and $212 trillion in new spending over the next decade. Confiscating every dollar of high-end wealth and corporate profits would cover only a fraction of those costs. The DSA agenda necessitates high taxes on middle-class Americans.
If you took every penny from every billionaire in America, that would only account for 8.4 trillion dollars.
So where is the rest of the money going to come from?
Hellbound and Down 