{"id":180941,"date":"2023-09-05T19:02:43","date_gmt":"2023-09-05T19:02:43","guid":{"rendered":"https:\/\/precoinnews.com\/?p=180941"},"modified":"2023-09-05T19:02:43","modified_gmt":"2023-09-05T19:02:43","slug":"wrestling-with-inequality-some-conservatives-redraw-economic-blueprint","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/wrestling-with-inequality-some-conservatives-redraw-economic-blueprint\/","title":{"rendered":"Wrestling With Inequality, Some Conservatives Redraw Economic Blueprint"},"content":{"rendered":"
More Republicans are coming to the view that economic inequality, or a lack of social mobility, is a problem in the United States \u2014 and that more can be done to enable families to attain or regain a middle-class life.<\/p>\n
Though discussions about inequality tend to be most visible among liberals, about four in 10 Republican or Republican-leaning adults think there is too much economic inequality in the country, according to a Pew Research survey. And among Republicans making less than about $40,000 a year who see too much economic inequality, 63 percent agree that the economic system \u201crequires major changes\u201d to address it.<\/p>\n
But a growing debate among conservative thinkers, politicians and the party base \u2014 online, in books and in public forums \u2014 reveals a group divided about how, in practice, to address pocketbook issues and the extent to which the government should be involved.<\/p>\n
\u201cI don\u2019t think just having a bigger government is a solution to a lot of these problems,\u201d said Inez Stepman, a senior policy analyst at the Independent Women\u2019s Forum and a fellow with the Claremont Institute, a conservative think tank widely credited with giving Trumpism an intellectual framework. \u201cBut I do think that we could stand to think a little bit more on the right about how to make that 1950s middle-class life possible for people.\u201d<\/p>\n
These yearnings and ideological stirrings have picked up as both whites without college degrees and the broader working class have grown as a share of G.O.P. voters. (Hillary Clinton won college-educated white voters by 17 percentage points in her 2016 race against Donald J. Trump; four years earlier, Mitt Romney, the Republican nominee, carried that group.)<\/p>\n
A notable swipe against longtime Republican economic thinking has come from Sohrab Ahmari, a conservative who served as an editorial page writer for The Wall Street Journal and the opinion editor of The New York Post. The metamorphosis of his worldview is laid out in a recently published book, \u201cTyranny, Inc.: How Private Power Crushed American Liberty \u2014 and What to Do About It.\u201d<\/p>\n
\u201cI was writing editorials preaching the gospel of low taxes, free trade, et cetera,\u201d Mr. Ahmari said in an interview. But Mr. Trump\u2019s election inspired him to research how \u201cAmerican life in general for the lower rungs of the labor market is unbelievably precarious,\u201d he said, and his politics changed.<\/p>\n
Mr. Ahmari recently endorsed a second term for Mr. Trump, but he has written that \u201cwhile ferociously conservative on cultural issues,\u201d he is also \u201cincreasingly drawn to the economic policies of the left \u2014 figures like Senators Elizabeth Warren or Bernie Sanders.\u201d<\/p>\n
In their own ways, Republican presidential primary candidates are jostling for ways to validate the populist energy and financial unease that Mr. Trump tapped into with a mix of pronouncements and policy promises. Some have set out economic goals that, according to many experts, are hard to square with their promises to reduce public debt and taxes and make deep cuts to government programs \u2014 especially now that many Republicans have backed away from calls to cut entitlement benefits.<\/p>\n
In a campaign speech in New Hampshire this summer called \u201cA Declaration of Economic Independence,\u201d Gov. Ron DeSantis of Florida, a Republican presidential contender, sharply critiqued China, diversity programming, \u201cexcessive regulation and excessive taxes\u201d \u2014 a familiar set of modern conservative concerns. Yet he also echoed complaints and economic goals often heard from the left.<\/p>\n
\u201cWe want to be a country where you can raise a family on one sole income,\u201d he told the crowd.<\/p>\n
\u201cWe cannot have policy that kowtows to the largest corporations and Wall Street at the expense of small businesses and average Americans,\u201d he added. \u201cThere\u2019s a difference between a free-market economy, which we want, and corporatism.\u201d<\/p>\n
Critics on the left and the right argue that Mr. DeSantis has failed to clearly define how he would achieve those goals. The DeSantis campaign declined to comment for this article, but he has cited pathways to broader prosperity that include bringing industrial jobs back from abroad, increasing work force education and technical training, removing \u201cred tape\u201d faced by small businesses and aiming for annual U.S. economic growth of at least 3 percent.<\/p>\n
Though the fissures on the right over economic issues were evident when Mr. Trump upended the political scene eight years ago, the realignments are maturing and deepening, causing fresh tensions as factions disagree on the extent to which inequality, globalization and growing corporate power should be seen as problems.<\/p>\n
Some conservatives remain more concerned with the trajectory of federal spending and unlocking greater overall prosperity, rather than its distribution.<\/p>\n
Last year, Phil Gramm, a Republican who steered the passage of major tax cuts and deregulation during his time representing Texas in Congress from the 1970s to the early 2000s, published a book with his fellow economists Robert Ekelund and John Early called \u201cThe Myth of American Inequality.\u201d The book \u2014 filled with alternative tabulations of impoverishment and living standards \u2014 argues that inequality is not high and rising as \u201cthe mainstream\u201d suggests.<\/p>\n
It argues that when including welfare transfers, income inequality has been more stable than government figures suggest, and that the share of Americans living in poverty actually fell from 15 percent in 1967 to only 1.1 percent in 2017.<\/p>\n
\u201cThe point of the book is to get the facts straight,\u201d Mr. Gramm said in an interview, adding that \u201cwe\u2019re having these debates\u201d with numbers that are \u201cverifiably false.\u201d (Some scholars have vehemently disagreed with the authors\u2019 analysis.)<\/p>\n
Scott Lincicome, a vice president at the libertarian Cato Institute, said he largely agreed with Mr. Gramm\u2019s thesis and that Americans were mostly wrestling with \u201ckeeping up with the Joneses,\u201d not a loss of economic traction.<\/p>\n
\u201cIn general, folks at the bottom, up to the median, are doing better,\u201d Mr. Lincicome concluded. \u201cThey\u2019re not winning the game, but they\u2019re doing better than the same group was 30-plus years ago.\u201d<\/p>\n
He added: \u201cYou know, economists can debate all day long, whether we\u2019re better off, worse off overall, or whatever. But when you factor in all the factors, I personally think things are fine.\u201d<\/p>\n
To the extent that these debates have popular reach, the most public face of the revisionist camp may be Oren Cass, an adviser to Mr. Romney\u2019s 2012 campaign, who has become immersed in a collective project among some right-leaning thinkers to \u201crebuild capitalism.\u201d<\/p>\n
Mr. Cass and his allies want to use government spending and power to promote economic mobility with traditionalist goals in mind \u2014 like reducing the cost of living for the heads of married, two-parent households.<\/p>\n
Mr. Cass praised Mr. Ahmari\u2019s book as one that \u201cbravely goes where few conservatives dare tread, to the ideologically fraught realm in which the market appears inherently coercive and capitalism appears in tension with economic freedom.\u201d (Senator Marco Rubio, Republican of Florida, is talking at a book event with Mr. Ahmari this month at the National Press Club in Washington.)<\/p>\n
Many economists and political scientists contend that the ideological realignment on the right is overblown, confused with a broader, hard-to-quantify loyalty to Mr. Trump rather than an explicit ideology giving life to Trumpism.<\/p>\n
\u201cIn a way,\u201d Mr. Ahmari said, his critics \u2014 \u201cthe people who say, \u2018Yeah, sure, you\u2019re just a couple of guys: you, Oren, and a few others at magazines and think tanks\u2019\u201d \u2014 are \u201cnot wrong institutionally,\u201d as there is little donor support for their efforts.<\/p>\n
\u201cBut they are wrong in terms of voters,\u201d he added.<\/p>\n
Ms. Stepman of the Claremont Institute says she is personally \u201cmore traditional right\u201d than thinkers like Mr. Ahmari but agrees they are tapping into something real. \u201cThere is a very underserved part of the political spectrum that is genuinely left of center on economic issues, right of center on cultural issues,\u201d she said, pointing to issues including immigration, gun laws, education, gender norms and more.<\/p>\n
Gabe Guidarini is one of them.<\/p>\n
Growing up in Lake Bluff, Ill., in a working-class household where MSNBC often played in the background at night, Mr. Guidarini felt his view that \u201cthe status quo in this country is corrupt\u201d was validated by the \u201canti-establishment\u201d voices of both Mr. Sanders and Mr. Trump. But he came to the view that \u201cyou can\u2019t get away with\u201d social views that stray from progressive orthodoxy and still be accepted by Democrats. Now, at 19, he is the president of the University of Dayton College Republicans.<\/p>\n
In 2022, he worked as a campaign intern for J.D. Vance \u2014 the author of \u201cHillbilly Elegy: A Memoir of a Family and Culture in Crisis,\u201d who aligned himself with Trumpism after his 2016 book was credited for providing a \u201creference guide\u201d for Mr. Trump\u2019s electoral success. Mr. Vance, an Ohio Republican, was elected to the U.S. Senate.<\/p>\n
In line with Tucker Carlson and some other conservatives, Mr. Guidarini thinks the party \u201cshould be taking policy samples from Viktor Orban in Hungary, and what he\u2019s doing with family policies that aim to increase family creation, increase childbirth and make it easier to live a decent life as a working or middle-class taxpayer,\u201d he said. \u201cThat\u2019s what\u2019s going to return the American dream for so many people, because to young people \u2014 and I feel like a lot of other people in America today \u2014 the American dream feels dead.\u201d<\/p>\n
Mr. Guidarini, like many on the right, is wary of achieving those goals by increasing taxes on the wealthy. But according to Pew Research, more Republican or Republican-leaning adults support raising tax rates for those with incomes over $400,000 (46 percent) than say those rates should go unchanged (29 percent) or be lowered (24 percent). And more than half of low-income Republicans support higher taxes on the highest earners.<\/p>\n
For now, though, all economic debates are \u201ctangential,\u201d said Saagar Enjeti, a conservative millennial who is a co-host of two podcasts that often feature competing voices across the right.<\/p>\n
\u201c\u2018What are we going to do when the Trump tax cuts expire?\u2019 These are not the fights that are happening,\u201d Mr. Enjeti said. \u201cI wish they were, but they\u2019re not. They\u2019re just not.\u201d<\/p>\n
With consensus on policy solutions elusive and \u201cthe culture wars\u201d in the campaign forefront, Mr. Enjeti said, Republicans will mostly rally around what he believes will be Mr. Trump\u2019s simple economic message: \u201cMake America 2019 Again\u201d \u2014 a time when unemployment, inflation and mortgage rates were low and, for all of life\u2019s challenges, at least cultural conservatives were in the White House.<\/p>\n
Talmon Joseph Smith<\/span> is an economics reporter based in New York. More about Talmon Joseph Smith<\/span><\/p>\n