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Wednesday, April 27, 2016

Millennials are Increasingly Rejecting Voodoo Economics

Some good news from Catherine Rampell:

Millennials are increasingly rejecting voodoo economics: As my colleague Max Ehrenfreund noted, the latest youth poll from Harvard’s Institute of Politics suggests that young people are becoming more liberal. Compared with responses from the past few years, today’s 18-to-29-year-olds are more likely to believe “basic health insurance is a right for all people,” “basic necessities, such as food and shelter, are a right that government should provide to those unable to afford them,” and “the government should spend more to reduce poverty.”
Here’s another interesting data point that I haven’t seen others mention: Young people have also become less likely to believe the central tenet of supply-side (a.k.a. “voodoo”) economics.
Just 35 percent of respondents said they agreed with the statement that tax cuts are an effective way to increase growth, which is 5 percentage points lower than last year and the lowest share since the poll first asked a question with this phrasing. This is bad news for Republican candidates...

    Posted by on Wednesday, April 27, 2016 at 07:25 AM Permalink  Comments (63)


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