Loans & Credit

Kamala Harris and the Legacy of the Opportunity Economy

Kamala Harris and the Legacy of the Opportunity Economy

Opinion editor’s note: Strib Voices publishes a mix of guest commentaries online and in print each day. To contribute, click here. Presidential candidate Kamala Harris is making the creation of an “opportunity economy,” with a focus on expanding opportunities for the middle class, the center of her campaign. How entirely appropriate. A historical oddity is that this same theme was the focal point of a former Republican president, Dwight Eisenhower.

As the supreme commander of our forces in World War II, he was all too aware of the sacrifices made by our troops and was fully committed to their well-being when they came home, and this meant helping the average American. He was a sturdy defender of the progressive tax system, which imposed a rate of 91% on the wealthy and 54% on corporate profits. Contrary to the propaganda of Trump Republicans, our economy prospered, and personal income rose 45% under Eisenhower. Both Wall Street and Main Street loved “Ike.” Why not? America was growing, the middle class was expanding, a national highway system was launched, Social Security was broadened, a minimum wage was established, and the budget was in balance.

In essence, prosperity was trickling upward, and America felt good about itself. Now we have a tax system designed to transfer the cost of government to the middle class, resulting in its shrinkage even with two parents working. Our society is laden with debt, from credit cards to the national government. Even worse, our nation is more divided and self-centered than ever before. Sadly, our sense of community is becoming a distant memory.

Kamala Harris is now taking the baton from the past and, with optimism and confidence, advancing the message of restoring fairness to America. Her true guide is Abraham Lincoln who committed us to a “government of the people, by the people, for the people.” How tragic that Trump Republicans are so willing to turn their backs on Lincoln and Eisenhower in order to create a government of, by, and for the wealthy few. As a retired Republican governor, I am proud to fully support Kamala Harris and her commitment to restoring decency and fairness, giving every child the opportunity to truly be part of the American dream. Arne H. Carlson was governor of Minnesota from 1991 to 1999.