To fully appreciate why the Republican Party has become a movement primarily supported by America’s most productive private-sector workers and entrepreneurs, it is necessary to understand what constitutes the opposition. It isn’t the “woke” agenda that is the most defining feature of Democrats. It’s that the policies associated with the woke agenda benefit big government and big corporations.
This runs counter to every stereotype that has been used to deceive voters for decades, but it’s true. The economic model that Democrats hope to impose on America is one where regulations inspired by leftist values—generally falling within two broad categories, “equity” and “green”—lead” to a government that can micromanage every aspect of economic life. The weight of these regulations and the taxes required to enforce them drive households and businesses into dependency on government aid and subsidies, driving small businesses into bankruptcy and enabling big businesses to consolidate their control of products and markets.
Ronald Reagan famously said, “Corporations don’t pay taxes; they pass those taxes onto their customers. When taxes are imposed on corporations, YOU pay them.” But the consequences of over-regulation and higher taxes don’t fall onto corporations equally. Large corporations have economies of scale. If they have to hire scores of full-time human resources professionals to comply with equity-oriented mandates, or scores of attorneys and environmentalist scientists to comply with new environmental regulations, they can spread those additional costs over thousands of workers and billions in revenue.
When a small business has to perform these new tasks, they only have millions in revenue to cover all these new obligations. This means they have to raise their prices more than the big corporations have to in order to still make a profit. This makes them no longer competitive, and down they go. When big corporations oppose new taxes, it’s an annoyance. When small businesses oppose new taxes, it’s a matter of life and death.
Once America’s major corporations realized they could defang the equity and green movements by embracing their agenda, even lobbying Congress and state legislatures to enact the laws the movements were demanding, and actually increase their profits and market share while destroying emerging smaller competitors, flipping to the Democratic Party was easy. […]
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