this post was submitted on 15 Dec 2024
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Those social programs operate more efficiently which saves us money and they want to actually tax the wealthy which increases tax receipts. Many of them would also cut military spending, the one area we have broad discretion in cutting.
Wealth redistribution programs like minimum wage raises, chained pay, and monopoly busting mean money isn't sucked into the top 1 percent where it disappears either. Broad tax bases provide far more revenue to fix debt issues than the trickle down the entire rest of the political system is enamored with.
Wealth redistribution programs are great and urgently needed. Medicine needs to be largely socialized. But doing that is not going to fix it overnight... all the inefficiencies and leeches stuck to the system will get worse unless they are progressively, individually addressed.
And cutting military only goes so far.
I am trying to reiterate that these social programs are not a magic bullet, and a little bit of that deficit hawk gutting and even "breaking" things is kinda needed too, especially in places neither party will like. Realistically, gutting the military would not cover it either.
Axios broke this down much better than I could: https://www.axios.com/2024/11/16/elon-musk-trump-department-government-efficiency
The article points out the futility of doge, but it also applies to "finding" money for massive increases of these programs.
Nothing is going to fix it overnight. Except maybe letting the IRS off the leash. If that's your criteria then we're already done.