Tucker Highlights 'Terrifying' Prediction That America Is Heading for 'Oligarchical Socialism'
Kotkin: 'small number of people with unprecedented wealth.'
Tucker Carlson highlighted Wednesday a "terrifying" piece that warns America is headed for "oligarchical socialism," where the large majority of wealth will be concentrated among a small number of tech billionaires.
The author of the Orange County Register column, Joel Kotkin, said Wednesday that tech giants, like Facebook and Amazon, prefer non-unionized, part-time workers and an increasing number from overseas. But he said they do not want to pay for benefits and pensions for full-time employees like traditionally "evil" oil companies and manufacturers.
Kotkin, Presidential Fellow in Urban Futures at Chapman University and executive director of the Houston-based Center for Opportunity Urbanism, said the system of taking wealth from the upper middle-class through taxation is already occurring in California, leading to a shrinking middle class that can no longer afford to buy homes.
"That's what they want to do nationally. They're not gonna attack the oligarchs, they're gonna attack the upper middle-class. That's where the money is," he said, explaining that higher taxes would be used to subsidize a guaranteed income, health care costs and rent.
Kotkin said the leaders of tech and finance companies are increasingly supporting Democrats, appealing to liberals on issues like climate change, race, gender and immigration.
Tucker Carlson asked why political leaders are not talking about the changing U.S. economy on either side.
"This makes me so mad. We need a Teddy Roosevelt. A flaming sword of justice to restore the middle class. ... I pray that you're wrong, but I suspect you're not," Carlson said.
Watch the full discussion above and check out Tucker's recent interview with an Amazon worker who was living out of her car.