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** Editor's Note:
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Democrats have always tried to justify their calls for wealth redistribution by insisting that they care more about the plight of the poor. Since they rarely want to share their own wealth, however, the compassion defense has always rung a bit hollow. This study by Emily Ekins of the Cato Institute confirms that resentment of the rich rather than compassion for the poor is often behind the socialist inclinations. Reprinted with permission. Pat Daugherty, Ed.D.
November 6, 2019
Study: Top Motivation For Hating Capitalism Isn’t Compassion, It’s Resentment

With the 2020 presidential election around the corner, Democratic presidential hopefuls and lawmakers have put forth bold proposals such as returning the top marginal income tax rate to 70 percent, levying wealth taxes as Sens. Bernie Sanders and Elizabeth Warren have proposed, or “taxing the hell out of the wealthy” as New York City Mayor Bill de Blasio put it.

Others such as Rep. Alexandria Ocasio-Cortez claim that capitalism is “irredeemable” and a system that “allows billionaires to exist” is “immoral.” Sanders recently declared he does not think “billionaires should exist.”
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