Liberalism decreases economic mobility

Liberalism decreases economic mobility. The minimum wage prevents unskilled young workers from obtaining necessary jobs and thereby skills that allow upward mobility in the world. The public education system perpetuates poor academic performance among disadvantage Americans. Without a good education, these disadvantaged students are crippled for a lifetime in their pursuit of the American Dream.

Expensive FDA approvals not only prevent startup companies from investing in potentially life-saving drugs, but they also hamper young medical entrepreneurs from bringing new innovative products to the market and thereby preclude these innovators from increasing their potential wealth. Financial regulations entrench the blue-chip Wall Street giants who can afford the expensive legal talent required to negotiate these rules to continue controlling the wealth. The expense of complying with these regulations prevents young financial entrepreneurs from developing competing financial service companies.

More in Economy & Budget

After the cromnibus, how the new Congress can control spending

Read more »