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The Moral Decline of Ro Khanna – HotAir

Ro Khanna is a smart guy. And, I used to think, a decent man with bad ideas. 

Now I see that he is just a smart guy with a lust for power and a willingness to sacrifice the well-being of his fellow citizens, create unnecessary divisions in society, and lie to everybody’s faces just to have a long-shot chance to become President of the United States. 





The average McDonalds restaurant takes in ~$4million/yr in revenue.

They spend ~$2 million in non payroll operating expenses.

Raising the minimum wage to $25/hr would give each of the ~50 full time employees a pay rate of $51,000/yr. That would increase their payroll costs to $2.5 million per year 

Each McDonalds would operate at a net loss, unless they massively cut payroll costs through automation. That means job losses.

The laws of economics are undefeated.

Realistically, Khanna has as much chance of becoming the next President of the United States as I do, which is exactly 0%. But there is something magical about the presidency when it comes to bewitching the ambitious, and Khanna is nothing if not ambitious. Which is fine, as long as you align your ambition with good goals, and Khanna has sacrificed his soul for a shot at the brass ring. 





Khanna served in Obama’s Department of Commerce, promoting exports, so he does know a bit about economics. He even taught economics courses at Stanford University for a time. His political career has been propelled by making alliances with Silicon Valley venture capitalists, who were stunned when he endorsed California’s 5% wealth tax, which would devastate the investment economy on which Silicon Valley is built. 

The billionaire tax is not on income but on assets, especially on unrealized capital gains. That is to say, notional money that could evaporate if a big bet on a company goes bad. He knows it is a horrific idea, just as the $25/hour national minimum wage is, but he also knows that the mood of the Democratic Party is radical socialism and practically revolutionary, so “Eat the Rich” is a good pitch to the base. 

As Jonathan Turley points out, capital is mobile, and lots of it has already fled California, so Khanna is doubling down and wants to make this economically suicidal policy national, which would be a disaster for the country. 





Khanna’s transformation into an amoral liar has been a long time coming, or perhaps the bad character was always there, and his prior, less insane policy preferences were a sop to his Silicon Valley funders. Now that he has set his sights higher, he is willing to stab them in the back to get the Hasan Piker voters. 

Khanna has demonstrated a willingness to lie outrageously in pursuit of power and is jumping on the radical bandwagon, hoping to benefit from the anger that he and other Democrats keep stoking. 

It’s disappointing to me. It’s not that I paid much attention to Khanna, but in my casual observations, he struck me as more of an older style of liberal who was misguided, but not inherently hateful or dangerous. 





But these days, he has joined the rage and revenge bandwagon, promoting the worst kind of class warfare, cozying up to the communists whom he knows are promoting evil, and all for a nonexistent shot at becoming the president. 

Ironically, he is doing so while sacrificing the one base that would have come out to support him: the entrepreneurs in Silicon Valley. I think it is safe to say that he can kiss their support goodbye. 


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