Socialism is where the economy is controlled by the government and while it provides for more welfare programs for those who cannot work or those who cannot make enough money to support themselves or their family. And while that is something that enlightened populations should strive to do for their less fortunate, socialism is totally predicated upon paying taxes.If a majority of Americans find loopholes in the law and can avoid paying their fair share of taxes, those who embrace socialism will be hurt unless the government either cuts back on other items it funds like the military or it borrows money from foreign countries or it prints up more money.
Printing up more money dilutes the value of the currency being used which causes inflation and borrowing money requires that future generations pay the debt which is somewhat of a ponzi scheme when you think about it.
TAXES are the best way to go if you want socialism for everyone... so, the wealthy and others must be stopped from using the loopholes in the law to avoid taxes. This also involves corporations avoiding taxes as well...
However, if coporations are taxes too much they will not invest in the future as their main focus is to pay their shareholders a dividend every 3 months. Stockholders drive the direction of companies.
There are a few downsides of socialism:
- slow economic growth
- less entrepreneurial activity
- less competition
- less individual motivation to improve
The main two types of governments that have the ability to CONTROL THE WORLD are:
- Capitalism
- Communistic Dictatorship
As far as a communistic dictatorship is concerned we have two great examples:
Countries that move in the direction of socialism typically do not have strong militaries and are therefore controlled by capitalistic countries or communist countries.
The other difference that one must seriously take into consideration and that is the fact that only capitalism affords the FREEDOMS that are present in the USA. No other country in the world has the freedoms that Americans have... especially with our Bill of Rights.
What concerns me is that if the USA moves closer to Socialism will they lose their freedoms which is exactly what the management team at TWITTER did when they censored free speech and only allowed speech that agreed with their political views.
Only the ignorant do not understand the importance of free speech.,
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