Commentary
The current failure is the sixth time our country has experimented with so-called “progressive’’ economic policies.  It never works.
As I described in a prior Epoch Times article (Can “Modern Supply-Side Economics” Build Back Better?), from 1913 to 2015 there were five periods consisting of 52 years when such policies were put into effect.  During these years attempts to rely heavily on government to increase living standards had the opposite effect.  They produced no increase in the real take-home pay of the average worker.
With such a dismal record, most people would assume these policies would be avoided like the plague.  Unfortunately, this has not been the case. Politicians can make such policies sound attractive despite their terrible record.  Unfortunately, the collective public memory is relatively short….