The race to the White House in 2016 has been very entertaining. Many people have compared it to something like American sports. It is very competitive and full of surprises. Most people assume that Hillary Clinton would be inaugurated as the nominee of the democratic party several months ago. Her main competitor is a 70 year old Senator who happens to identify as a democratic socialist named Bernie Sanders. Sanders has done very well in proposing his model of government, particularly in highlighting the positive aspects of socialism. But in this interview, Thor Halvorrsen pointed out that the issue is more complicated than Sanders has proposed. Socialism is not without flaws.
Redistribution of Wealth Does Not End Poverty
One of the main talking points of the Bernie Sanders campaign is to point how rich the top 1% are in contrast to the rest of the nation. The solution that he proposed to this problem is that the nation should increase taxes on the rich and distribute that money to the poor. According to HuffingtonPost, Halvorssen objects to this model. While it may seem appealing, it does not help the poor to develop a finite amount of resources that are evenly distributed among all people. Rather, Halvorssen espoused a free market economy, wherein the wealth is infinite, and the potential for advancement is infinite. While the wealthy will become more wealthy, the poor will as well.
Socialism Is Easy To Abuse
Thor Halvorssen recognizes that there are some sovereign nations wherein socialism has been successful. He pointed to Denmark. But when the government has that much power, it is very easy to abuse. If the wrong person works their way into the government, everything could be overthrown in one fell swoop. The poor could become more poor and basic human rights could be left behind.
He Made A Donation To Sanders
Pragmatically, Halvorssen views Bernie Sanders as the best presidential candidate. Socialism may be a difficult sacrifice to make. But it is a necessary sacrifice and will serve as a bulwark against something much worse in the other candidates.
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