The Biden administration should prioritize growth over redistribution

As President-elect Joe Biden and Vice President-elect Kamala Harris prepare their agenda, dealing with the pandemic and working to rebound the economy are certain to be key priorities. However, the Democratic Party still has a tough battle ahead in Georgia to flip control of the Senate, and it lost many seats in the House when most projections predicted that it was going to increase its majority.

Despite these setbacks, campaigning as a centrist, and winning several key states by narrow margins, the incoming Biden-Harris administration has already signaled that it is considering radical economic changes. In the final stretch of the campaign, Harris even posted a video on Twitter that claimed, “Equitable treatment means that we all end up at the same place.” Unfortunately for the incoming administration, this approach is at odds with what most people want.

First, it’s important to understand that America’s pre-COVID economy was actually doing very well. When 2020 began, poverty was at a historic low. Before the pandemic truly hit the United States in March, America’s economic expansion was the longest on record. The unemployment rate was extremely low, and incomes, especially for lower-income workers, were on the rise.

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