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The Problem With Economic Redistribution

Whatever happened to the Democrats’ reputation as the party favoring the working man? Put another way, what happened to the Democrats as the party promising economic redistribution from the rich to the average man?

Those are questions that Democrats are asking after Vice President Kamala Harris’ decisive, but not landslide, loss to President-elect Donald Trump.

Her economic policies were obviously thin gruel. Her $25,000 payment to first-time homebuyers would be vacuumed up by sellers, her ban on “price gouging” was directed at notoriously competitive grocery chains, and her call for restoring the pandemic-era refundable child tax credit targeted a policy whose demise sparked no visible protest.

These barely perceptible policy proposals had no perceptible political effect. Exit poll evidence suggests that Harris ran slightly better than average with high…

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