The Small Print on Elizabeth Warren’s Social Contract

So this video has been making the rounds:

I’ll give Elizabeth Warren credit – this is better rationale than the lazy, nebulous “millionaires and billionaires need to pay their fair share” that most of her party trots out (what is “fair”? or is it just a handy way to say “more”?). I’ll really give her credit for some sleight of hand that would make a magician proud.

Obviously, I enjoy living in a civilized society under the rule of law. I even take the train to work every day (I’m winning the future!). I am on board with the social contract – rule of law is a prerequisite for liberty. BUT….schools, roads, defense from “marauders” (nice touch!)….these aren’t the things pushing us to the brink.* Loosely, it’s keeping free stuff for old people. But that sounds a lot worse. And I’m not sure how it helps the factory owner, or even “the next kid” get rich.

*We can set aside for now that she is presumably not talking about property taxes and gasoline taxes – fairly significant variables when discussing funding for highways and public schools.

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