Last week, Esteban wrote at the Continental Telegraph:
Much has been made over the past year of the fact that young people in America approve of Socialism in rather large numbers, and quite a lot more than their elders. Some explain that this is because they are more idealistic than the older crowd, who have become corrupted and “sold out” now that they have a mortgage and expensive lifestyle. Others argue that this supposed idealism is actually naivete.
It seems fair to point out that if you are 24 with negative net worth, a modest paying job and no reasonable expectation on the horizon to make serious cash, it isn’t idealistic to support redistribution, it’s self-interest. And you don’t change this fact by saying “Well, if I made that much money, I’d be happy to pay a lot in taxes”. If you ever get to that point we’ll see, until then this statement doesn’t fly.
Likewise, if you’re 55 with a couple of million dollars in your 401(k), a big home and an income well into six figures your view may be biased against “sharing the wealth” based on your wallet, not principles.
