Three Radical Redistribution Plans for Obama’s 2nd Term
During the campaign it was commonplace to note that President Obama didn’t have much of a second-term agenda. Beyond his desire to raise taxes on higher earners, most of the president’s platform amounted to a promise to “not go back” — that is, to protect the accomplishments of his first term.
But Obama’s liberal supporters do have a second-term agenda, and it is a far-reaching one. That agenda, laid out a new article in the liberal magazine the American Prospect, is enough to set off alarm bells among conservatives in Washington and around the country.
In the piece, author Mike Konczal summarizes the work of some influential thinkers on the left who are asking the question: Now that Obama has been re-elected, and Obamacare is safe from Republican repeal, “what’s next for the welfare state?”
They divide the answer into three parts. The first is further expansion of the social safety net. The second is an array of programs to act as a “springboard” for the poor. And the third is an “escalator” to address income inequality by giving progressively larger government grants to lower-income Americans.