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Friday, March 29, 2024
HomeNewsEconomyWhy Does Silicon Valley Support Bernie Sanders?

Why Does Silicon Valley Support Bernie Sanders?

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[brid video=”38034″ player=”2077″ title=”Dan Mitchell on Why Silicon Valley Supports Bernie Sanders”]

Silicon Valley, the tech company hub in California, has been financially supported of Bernie Sanders, the socialist Vermont senator who would love to take their wealth.

On “Risk and Reward” on FOX Business, CATO economist and PPD contributor Dan Mitchell analyzes why Silicon Valley and other fiscal conservative taxpayers support Bernie Sanders. Most Silicon Valley voters are fiscally conservative and socially liberal, which makes most attempts to reconcile their support for Sen. Sanders baffling to the mind.

But CATO economist Dan Mitchell has another theory. Just as Warren Buffet made nice with Barack Obama, perhaps Silicon Valley titans are making friends with the senator in an attempt to fend off being the target of a straw man argument down the road.

History is riddled with such attempts. In socialist experiments, they fail miserably and sooner or later the piper comes calling.

Of course, it could be that most are true believers. Mark Zuckerberg recently announced after the birth of his daughter that he will give away his fortune. Oh that’s right, he’s waiting to do so until after he uses it for his family and himself.

Right.

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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