The cure for socialism is giving more Americans a stake in capitalism

With each passing election, the socialist surge is rising.Bernie Sanders-backed Abdul El-Sayed won the Michigan Democratic Senate primary, defeating a well-funded establishment candidate.

In Wisconsin, Francesca Hong — a democratic socialist who once called for canceling Thanksgiving — came within 3,000 votes of winning her state's gubernatorial primary.The DSA darling Zohran Mamdani is already the mayor of America’s largest city.Some argue that socialism has hit its high-water mark and is losing momentum.

Count me skeptical.Socialism is gaining ground because, for too many, capitalism has become a spectator sport.

The biggest reason more voters support state ownership is that fewer people are owners themselves.Consider the numbers.The national homeownership rate sits at 65% — down from a peak of 69.2% in 2004 and below the 25-year average.

Among Americans under 35, it has fallen to just 35.2%, down more than a percentage point from a year ago.The generational gap is stark: Just 57% of Americans in their mid-30s own homes today compared to 64% of their parents' generation at the same age.

With the 30-year mortgage rate recently climbing 6.69%, the homeownership rate is not about to improve anytime soon.BILLIONS SPENT BY KEY FEDERAL AGENCY HASN'T MADE AMERICAN DREAM OF HOMEOWNERSHIP ANY EASIER: REPORTThe picture is similar in financial markets.Sixty-two percent of Americans own stock — but that number conceals the real story.

Only 28% of households earning under $50,000 own any stock at all, for those with only a high school education or less, it's 42%, and for those 18 to 29, it’s 44%.Declining ownership rates create a perfect opportunity for the far left.People with property don’t like the government taking it.

People without ownership see government-sponsored theft as more acceptable.Because it’s not state ownership that invigorates voters, but the promise that they too can share in the wealth of society.THE NUMBERS DON’T LIE.

YOUNG AMERI...

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Publisher: Fox News

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