Socialist America in 2024

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Status: Finished  |  Genre: Non-Fiction  |  House: Booksie Classic

This essay describes what a socialist America might look like. It is based on the way Venezuela crated it socialist economy and how it fell from being the richest country in South
America to being the poorest in a few years.

Socialist America in 2024

With the election in 2020 of Elisabeth Warren as president of the United States and Berne Sanders as vice president, the American economy quickly went from progressive to socialist. The Democratic party’s control of both the House and the Senate insured that she would be able to implement the policies she had campaigned on. In order to get Sanders on her ticket she had promised him to include his one payer health care program.

The minimum estimated costs of the programs proposed were:

Universal childcare $1.25 trillion over 10 years

The green new deal $32 trillion over 10 years

Cancel student debt $1.25 trillion over 10 years

Affordable housing $470 billion

The were also having a study done for reparations for African Americans, which if enacted would cost an estimated $17.1 trillion

Bernie Sanders single payer Medicare for all Program was estimated to cost $32 trillion over a 10 years.

In 2021 The Democratic party began to follow the path into socialism taken by Venezuela, which had followed the path of Soviet Russia. Their first priority was passing amendments to the Constitution. This was important because they had to do it while the voters still strongly supported their socialist agenda. When they started feeling the effects of it, like much higher taxes, it would not be possible. Both houses proposed the amendments by a two thirds vote and three fourths of the states legislatures approved them. They repealed the first amendment that prevents the government from making laws which respect an establishment of religion, prohibit the free exercise of religion, abridge the freedom of speech, the freedom of the press, the right to peaceably assemble, or the right to petition the government. They also repealed the second amendment about gun ownership and the twelfth amendment about the electoral college They believed that they had disarmed the nation and guaranteed their reelection for decades to come. Then they added six new justices to the Supreme Court. With that accomplished they were able to start the nationalization process.

The liberal media was astonished when they were the first to be nationalized. They had always been supportive of the Democratic party and they felt extremely betrayed. They didn’t realize that the party’s leaders knew the media would turn on them as soon the nationalization process began. Half of the population of the country would be vehemently opposed to it and they didn’t want that reported, so they had to control the news about what was happening. They created the office of public information to insure that the news was reported the way that they wanted it to be..

In 2022 Single payer (government) insurance, their second government takeover, went into effect. It was one of the most important promises they had made to their base. Bernie Sanders Medicare for All Act (S1129) was passed into law. It created a national health insurance program that replaced all private insurance and included vision and dental coverage. Non-residents were also made eligible. No premiums or cost sharing was required, the people would pay for it with higher taxes. A Universal Medicare Trust Fund was created by absorbing funds associated with Medicare, Medicaid, the Federal Employees Health Benefits Program, and TRICARE. The higher taxes didn’t bother most of their supporters, because most of them were in the group of 46% of Americans that didn’t pay any income taxes, and the benefits were much better than the old free ones they were getting before.

In 2022 the government passed the “Green New Deal” legislation without raising taxes. People had laughed when its creator, Ocasio-Cortez, said “We will just print more money to pay for it,” but that was exactly what they did.

 The government wanted to spend $32 trillion it didn’t have, so it asked the Federal Reserve for it. The Fed can credit accounts without having real money, so with a few keystrokes on a computer the Fed credited the treasury with $32 trillion and with some more keystrokes the treasury issued $32 trillion in bonds to the Fed. The Treasury then brought back the $100,000 bill, with the socialist hero’s Present Wilson featured on it, but these were not payable in gold like the original ones were. They were payable by the Federal Reserve like all our money. These bills were sent to the Federal reserve banks for dispersal. That is how the money was created out of thin air.

In 2023 the government nationalized all of the energy companies operating in the United States. Electricity, oil, coal, wind and solar companies became government property with the stroke of a pen. Then they nationalizes the “big banks”, farms, factories and grocery stores. The shareholders of these business were wiped out. Money invested in 401K’s lost most of their value. Hundreds of lawsuits were filed against the government claiming that it had violated the constitution. The handpicked local judges of the Democratic party determined that they had not. The question was argued in the Supreme Court, but the six new justices joined with the other liberal justices to uphold the nationalizations.

The government wanted to “fight climate change the way America had fought World War Two” Its goal was to meet “100 percent of the power demand in the United States through clean, renewable, and zero-emissions energy sources” and would upgrade “all existing buildings” with state-of-the-art energy-efficiency technology.

Oil fracking and coal mining were prohibited. Then gasoline was severely rationed and airline flights were only allowed when proven necessary for business travel (it was always necessary for politicians). Government controlled electric and gas meters were required on all homes and business (but not political offices). These could shut off the services remotely from government offices at any time. All these changes put millions of people out of work, so the Green New Deal include “guaranteeing a job to all people of the United States”

The government raised the taxes of “the rich” to 70%, which brought in $3.3 trillion. The total taxable income that year was $10.2 trillion, so if every taxpayer’s income had been taxed at 70% it would only have raised $7 trillion, 22% of the cost of the new program.

The creation of $32trilllion out of thin air soon led to inflation. The government tried to control it with price controls, but that didn’t work, so they had to devalue the currency. The did this by selling the dollar in the foreign exchange market and buying other currencies. That temporarily slowed inflation but led to higher prices for everything imported from China and the rest of the world.

The government controlled business could not determine what the consumer demands would be (That can only be determined by free markets). Shortages soon were seen in even the most basic commodities., so they had to be rationed. That is when the protests began. The government became alarmed and passed the “gun buy-back” laws

The government hadn’t sold the weapons, so it wasn’t actually buying them back, it was confiscating them. They had been legally purchased, so this was a case of making. millions of Americans guilty in retrospect. It met widespread resistance. Police agencies were reluctant to enforce it. Very often when they rang peoples doorbells to collect their weapons the door was opened with a weapon pointed at them, with no words being said. They quietly walked away. Most governors refused orders to send the national guard out to collect them, they knew it would be political suicide if any shooting started. The “buy-back” laws were quietly repealed by a government afraid of an armed rebellion against them.

In 2024 they tried to regain public support by cancelling all student debt and passing Universal childcare. The cost of these programs was $2 ½ trillion added to the national debt. This happened at a time when American exports were the lowest in the 21st century. We could barely provide for our own population, so there was little left to export. But the government desperately needed foreign currency so it exported what it could, less than half the previous administrations amounts, and caused more shortages at home. The largest exports:

Food, beverage and feed dropped from $133 billion to $60 billion

Crude oil, fuel and other petroleum products from $109 billion to $0 (we had to import oil)

Auto parts, engines and car tires from $86 billion to $25 billion

Passenger cars from$53 billion to $0 (their manufacturing was stopped by the green new deal)

The pace of inflation, after four years of socialism, was out of control. Starting with the 2.5% rate when the Democrats took office in 2021 it had jumped to 5.35% in 2022, 27.2% in 2023, 40% in February of 2024 and was 62.4% at the time of the November presidential election.

Everyone that wasn’t a diehard Democrat knew that America’s flirtation with socialism was over. The Democratic party’s candidates ran on the slogan, ”Just give us another chance and we will fix everything”. Eighteen Republicans entered the primaries, but Donald Trump was not one of them. He was now a healthy 80 years old, but was in no mood for a long bitter campaign. He was content to manage his vast business empire.

There was no doubt that the Democrats would run the Warren-Sanders ticket again and the Republicans were all criticizing each other, as usual. None of them stood out of the crowded field, and a ground swell movement arose to get Trump to enter the race. He said that he would not campaign, but would not object to his name being put on the ballot or being a write in candidate. But he specified that if elected he would not serve unless a Republican majority was also won in both house of congress. He was elected with a five and a half million more votes than his opponents. He only needed one more vote, because the electoral college no longer existed.

In his first weeks in office congress created legislation to repeal all of the socialist agenda and he signed them. Then congress voted overwhelmingly to reinstate the deleted amendments which were eventually voted for and passed by most of the states. Legislation was written and signed into law returning all nationalized businesses to their rightful owners.

Fracking for oil and gas made America an exporter of those products again, bring in foreign currency that helped reduced the rate of inflation. By the end of his second term in office the economy was almost back to where it had been when he left. Having served two terms, he could not be president again.

In 2028 The Democrats nominated Alexandria Ocasio-Cortez to be their presidential candidate.


Submitted: September 30, 2019

© Copyright 2021 Tuxie. All rights reserved.

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Comments

AdamCarlton

Well, it's a scenario but America isn't Venezuela. Underneath high-falutin' ideas grubby material interests invariably lurk. Maduro is running a rent-seeking robber-clique which is ransacking and crashing the economy there. But his crowd don't really care. They're OK.

The US economic elite have zero interest in the outcome you describe. They don't like Trump because they're still wedded to their fading global neoliberal project and don't care about the white working class. But that ship has sailed. Trump may be an erratic disruptor but the current administration is nevertheless groping for the contours of the new world order. More nationalistic, more socially-cohesive and more defensive against the rising China.

Don't think when push comes to shove the (scary sounding) Democrats will be able to make their fundamentallly backwards-looking vision stick. Though I expect the next few years to be messy - a rough ride.

Tue, October 1st, 2019 6:56pm

Author
Reply

Thanks for your comments. The sequence of events in my essay follow the sequence that occurred in Venezuela’s and Soviet Russia as much as possible. They are the systematic method of converting countries to socialist or communist economies and the results are generally the same. Cuba and North Korea are other examples. America is not immune to economic realities.

Tue, October 1st, 2019 12:19pm

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