MCViewPoint

Opinion from a Libertarian ViewPoint

EconomicPolicyJournal.com: Mike Bloomberg Just Called for a Higher Minimum Wage…and Then It Got Worse

Posted by M. C. on January 12, 2020

https://www.economicpolicyjournal.com/2020/01/mike-bloomberg-just-called-for-higher.html

Democratic presidential candidate Mike Bloomberg has released his economic plan. He calls it his “All-in-Economy” agenda.

It is full of typical lefty interventions in the economy that will do nothing but lower the general standard of living in the U.S. if his plan were to be implemented.

His plan calls for an increase in the minimum wage to $15 an hour, indexed to inflation, affordable child care, paid family leave and the right to sue employers for harassment and discrimination related to characteristics such as race, gender, sexual orientation, veteran status or disability.

He also calls for the spending of billions “communities across the nation to help create jobs and grow incomes,” as if the free market doesn’t create jobs.

He says he is in favor of health insurance that would be administered by the federal government but paid for by “customer” premiums.

In short, Bloomberg’s policy is interventionist to such a degree, it is difficult to differentiate his plan from early-stage Mussolini economics.

In 1930, in the Doctrine of Fascism, Mussolini wrote, “The so-called crisis can only be settled by State action and within the orbit of the State.”

From My Autobiography by Mussolini:

I have wanted the Fascist government, above all, to give great care to social legislation…I think that Italy is advanced beyond all European nations; in fact, it has ratified laws…for obligatory insurance against tuberculosis…All this shows how, in every detail in the field of labor, I stand by the working labor…from insurance against accidents to the indemnity against illness.

RW

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