Article Urges Expanding 65% Homeownership and 62% Stock Ownership to Counter Socialism
Updated
Updated · Fox News · Sep 3
Article Urges Expanding 65% Homeownership and 62% Stock Ownership to Counter Socialism
1 articles · Updated · Fox News · Sep 3
Summary
A new opinion article argues Republicans should answer socialism’s electoral gains by widening asset ownership, not just attacking left-wing policies, after socialist-backed candidates advanced in Michigan, Wisconsin and New York.
The piece says capitalism has become a “spectator sport” for too many Americans: homeownership stands at 65%, down from 69.2% in 2004, while ownership among under-35s has fallen to 35.2%.
Stock ownership shows a similar gap, it argues, with 62% of Americans owning shares overall but only 28% of households earning under $50,000 and 44% of those aged 18 to 29 participating.
To reverse that, the article calls for more housing supply, faster permitting, commercial-to-residential conversions, and employer help such as matched savings and closing-cost assistance for first-time buyers.
It also pushes broader equity compensation, ESOPs and automatic retirement enrollment, framing wider ownership as a political defense of free enterprise and a practical climate gain because buildings use nearly 37% of U.S. energy.