Gary discusses the economic nonsense being discussed and "promised" by a certain presidential campaign. Socialists breed envy and what Herbert Schlossberg called "ressentiment" (see Idols for Destruction pp. 51-54) by encouraging voters to go after the "rich" and big businesses. This tactic ultimately hurts the very people is claims to help by causing both higher taxes and prices. 

Read Leonard Read's important article "I, Pencil" here: https://fee.org/ebooks/i-pencil/