Sometimes it is effective to attack the right from the right and the left from the left. If you criticize Trump’s foreign policy or violation of civil liberties, a lot of Trump defenders will just blow you off as a left winger. It is much more difficult for them to do when you attack Trump from the political right.
One area Trump is very vulnerable is on economics. It is becoming less hyperbolic by the day to refer to Trump as a socialist. Trump defenders don’t know how to handle this accusation, especially if you start listing out all of the examples. It seems to actually cause their brain to malfunction.
Trump is not an outright socialist, but neither is Bernie Sanders or Zohran Mamdani. If you asked Sanders or Mamdani if people should be allowed to own a toothbrush, they would probably agree. They don’t advocate for the government literally owning everything. It is all a mix of socialism (government ownership), economic fascism (government control), and some market activity. They mostly want government to control things, but they still don’t advocate for a total abandonment of all market activity. They still want the existence of money as a way of making exchanges.
At this point, Trump is more of a socialist than an advocate for free markets. All you have to do is look at all of his rhetoric and actions from the first year of his second presidential term.
It’s All Government Central Planning
Trump has vastly increased government spending, which was already beyond control. DOGE was a complete joke and did nothing to cut the federal budget. Trump is now advocating for a $1.5 trillion military budget. There are about 130 million American households. That would be $11,500 per household every single year, just for the military. Do you want to pay $11,500 per year for a world empire?
The U.S. debt keeps rising dramatically. It is over $38 trillion. It will probably hit $40 trillion in less than a year. Trump just keeps spending and spending. It couldn’t get any worse with a Sanders presidency.
Trump is overseeing some of the largest tax hikes in history too. He is unconstitutionally enacting tariffs on a whim. If he doesn’t like who another country is doing business with, here’s a 50% tariff. No wait, make it a 100% tariff. Ok, just kidding, we’ll call it 75%. There is another country that elected the wrong person. Give them a 50% tariff too.
Of course, this is mostly a tax on the American people who will pay higher prices. Or it will just destroy trade with other countries and there will be fewer choices and worse quality with just American-made products. We haven’t given all of these tariffs enough time to show just how bad they are for business and for our overall living standards.
Other Trump Socialist Policies
The list could go on and on. But here are a few more from recent times.
- Trump is telling credit card companies to charge a maximum of 10% interest. This will just prevent a lot of people from being able to obtain a credit card. It will also destroy a lot of the benefits for people who hold credit cards, including those who pay it off each month.
- Trump is ordering the purchase of mortgage-backed securities in an attempt to lower mortgage rates. What’s next? Will Trump just outright hand out free money to buy houses?
- Trump is threatening criminal charges against Jerome Powell, the chairman of the Federal Reserve. It isn’t because Powell is counterfeiting money. It is because he hasn’t obeyed Trump’s wishes and counterfeited enough.
- Trump is ordering that investment companies will no longer be allowed to buy single-family houses. He turns to socialist dictates instead of trying to ease regulations and taxes.
- Trump is continually advocating for more money printing and artificially lower interest rates. His solution to everything is more inflation and more debt.
What’s to Come?
Trump is already unhinged, and we haven’t even hit a recession or financial crisis yet. Imagine what this guy is capable of saying and doing when a real crisis hits. It will be one order and dictate after another, trying to force his ways on the economy.
We are in the realm of possibility where we see $5 trillion annual deficits soon. It looks like Trump is trying to oversee the demise of the U.S. dollar and an implosion of our economy.
Would you really put it past Trump to say that he is going to nationalize the grocery stores? Would you be surprised if he declared that he is now in charge of the central bank and will set all policies?
The guy is a total socialist. Trump himself said that he is only constrained by his own morality at this point, which isn’t very good news for the American people.
Why should we be scared of Bernie Sanders at this point? Trump is a socialist. He is the president now. He thinks he is the dictator, which is consistent with socialists.