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Here is an article from the Fiscal Times that tries to explain why two "outsiders" suddenly have had such an impact on the primaries: Why the Working Class is Choosing Trump and Sanders. (Its author, Mark Thoma, is an economist.)
Excerpt:
What do you think ... ?
Excerpt:
Donald Trump recently defended Social Security, Medicare, and Medicaid:
“Every Republican wants to do a big number on Social Security, they want to do it on Medicare, they want to do it on Medicaid. And we can’t do that. And it’s not fair to the people that have been paying in for years and now all of the sudden they want to be cut.”
An opinion piece in the Wall Street Journal reflects the negative reaction to Trump’s remarks from many Republicans:
“Mr. Trump is a political harbinger here of a new strand of populist Republicanism, largely empowered by Obamacare, in which the ‘conservative’ position is to defend the existing entitlement programs from a perceived threat posed by a new-style Obama coalition of handout seekers that includes the chronically unemployed, students, immigrants, minorities and women … who typically vote Democrat.”
But is it true that our economic system redistributes substantial sums away from the middle class to “handout seekers”? Research by the Center for Budget and Policy Priorities in response to Mitt Romney’s claim during his presidential campaign that many recipients of government help are undeserving found that 91 cents of every dollar spent on entitlement programs goes to “ the elderly (people 65 and over), the seriously disabled, and members of working households.”
And 7 of the remaining 9 cents goes to “medical care, unemployment insurance benefits (which individuals must have a significant work history to receive), Social Security survivor benefits for the children and spouses of deceased workers, and Social Security benefits for retirees between ages 62 and 64.”
Looking at this another way, the CBPP also finds that middle class households are 60 percent of the US population, and they receive 58 percent of the benefits from entitlement programs. There is some redistribution, but it is from the top 20 percent of households to the bottom 20 percent.
What do you think ... ?