You’ve probably heard conservatives talk about the economy, how important the economy is as an election issue, how important jobs are, or business investment is, or the GDP is.
Except conservatives don’t actually care about the economy.
If conservatives actually cared about the economy, they would be in favour of the one thing that would have the greatest impact on the economy: preventing billionaires from becoming billionaires.
Billionaires are billionaires because they hoard billions of dollars in wealth. Just like millionaires are millionaires because they hoard millions of dollars in wealth.
I’ve made more than a million dollars over the course of my adult working life, but I’ve spent most of it. Despite making over a million dollars, no one considers me a millionaire. I’d have to not spend that money to be considered a millionaire.
And any wealth that’s hoarded is wealth that’s not circulating in the economy. It’s not creating jobs. It’s not increasing sales. And, of course, it’s not increasing government revenue, which, in turn, is money not spent on public services, such as health care, education, infrastructure, and emergency responders.
If billionaires didn’t hoard their wealth and instead distributed it to their employees, then more money would circulate in the economy. And that’s what would create jobs and build businesses.
So anyone who says they support economic solutions but they don’t include as one of those solutions the prevention of the existence of billionaires, is either a liar or doesn’t understand how the economy works.
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