Steve Forbes says Trump’s warning against communism reflects “the American future” after 4th of July remarks

Publisher and economist Steve Forbes said he agrees with President Donald Trump’s warning about communism and referenced Trump’s remarks during a 4th of July address delivered at Freedom Fest in Las Vegas, according to Fox News Politics. Forbes described the message as being right in the context of the direction he believes the country is taking and connected it to broader debates about the economy and public policy.

Forbes’s comments came as he discussed what he called the American economy’s current trajectory and the contrast between capitalism and socialism, according to the report. He tied his views to developments in New York City, where he said political choices have contributed to what he characterized as a socialist turn. The report frames Forbes’s discussion as part of a wider conversation about cost of living and economic freedom, though it does not identify a specific policy measure or official action associated with the points he raised.

The Fox News report also places Forbes’s remarks alongside Trump’s stated argument during the 4th of July speech at Freedom Fest, where the President used a “Mt. Rushmore” framework to warn about communism. The report characterizes Trump’s message as cautionary and aimed at motivating attention to what he sees as threats to economic and political liberty.

In the same interview, Forbes addressed his view of the United States’ economic performance, focusing on how tax-and-spending decisions and government reach can affect households and businesses, the report said. It does not provide new legislative details or cite specific bills, but it situates the conversation within ongoing political disputes over regulation, public spending, and the balance of power between the private sector and the state.

Forbes, who has been a prominent figure in economic-policy debates, also used the discussion to highlight the role of political ideology in shaping government programs and enforcement priorities. The report does not indicate that he proposed a specific statute or that he announced a plan to pursue a particular legislative agenda, but it describes him as linking his remarks to the broader theme of defending free-market principles.

Freedom Fest, an annual event that features speakers on policy and economic issues, hosted the 4th of July appearance referenced in the report. The Fox account does not detail additional attendees or transcript excerpts beyond the general description of Trump’s “Mt. Rushmore” framing and Forbes’s agreement, so the record available here does not allow for verification of exact wording beyond the report’s characterization.