A Lot Of People Think It Makes More Sense To “Spread The Wealth”. Let’s Discuss Socialism Versus Capitalism…
If there’s one thing that’s attractive to someone who votes democrat it’s the idea of “spreading the wealth”. It’s the idea of taking from the rich and giving to the poor, it’s about “leveling the playing field”, it’s about giving to those who don’t have from those who do have.
The appeal of getting something for nothing is very attractive and hard to resist. That’s a big reason there are so many people on some sort of Welfare whether getting cash, free housing, food stamps or whatever. Like clockwork, every month they get their money and food stamps and they don’t have to do a thing to get them, to include having to work for them.
That’s right, they don’t have to work to get all of this. They just get it. That means they have the whole day to do whatever they want. They can just sit home and watch TV all day, or go hang out with their friends, or go party all day long, or play video games, or anything else they want to do while the rest of us go to work to pay taxes so they can get all of these freebies.
This is referred to as “Socialism”.
Capitalism is the journey of pursuing a greater financial standing. This could be from getting a college degree to make yourself more sought after, or get even more education like a MBA, or working harder than everyone else, or even starting your own business.
The problem is, for those who are trying to better themselves, in an socialism society they get heavily taxed with those tax dollars being shared with the “less fortunate”.
This is what we’re talking about in this article … Socialism versus capitalism. Let’s start with this …
This Teacher Taught His Class About Socialism In A Very Effective, Real-World Example That Allowed His Students To Experience Socialism First Hand
Isn’t this quite the eye opener?
And it’s exactly what happens. How else can you explain the percentage of people benefiting from one form of welfare or another increasing significantly over the past 6 years while under a Democratic president? Democrats believe in Socialism, in case you didn’t know.
How much of an increase? Get this … it’s been said over 50% of the public is on at least one form of public assistance. That’s a lot!
On top of this, for the first time in the history of the U.S. there have been more business closures than new business startups. (Notice the year this article was written… 2015 during Obama-Biden Administration.)
That’s a huge hit of lost taxes! Not only did all of these businesses close which will no longer be paying taxes, but many of the employees that worked at these businesses are now unemployed and no longer paying taxes. Instead, the employees are now going to add to the number of people on the Welfare system.
Socialism DOES NOT WORK!
It’s an easy sell by Democrats because we all love FREE stuff. But it just cannot be sustained. And with a deficit at over $18 Trillion Dollars, something is going to have to give.
If the Democrats win the next election it’ll simply mean higher taxes. That’s their solution to being able to provide all of these entitlement programs to people. With higher taxes there will be even more businesses closing and more people being added to welfare/entitlement programs.
Already the American business pays the highest corporate tax in the world!
There will be a point when the government will have no choice but to stop the entitlement programs because they can no longer afford them due to the huge lose in taxes because of the huge decline in businesses.
Unfortunately, if this country comes to this cross-road, it may just be too late!
It’s important that you understand these things because way too many people are voting for the wrong reasons.
Republicans understand this which is why they promote and support small businesses. With small businesses employing 2/3 of American’s it makes small businesses very important to the economic landscape of this country.
This is one of the biggest differences between Republicans and Democrats. Republicans look at providing welfare in a financially responsible way by understanding that the only reason they can make entitlement programs available is because of the taxes paid by businesses and employed consumers.
Democrats, on the other hand, take from the rich and give to the poor in the way of increased taxes. Already the tax base is decreasing because of business closures or moving the business to a country with a lower corporate tax like Canada and Mexico. The only thing democrats think they can do to bring in the money they need to support the entitlement programs is to increase taxes even more to compensate for the reduction in people and businesses paying taxes.
Here’s a spreadsheet that shows the differences between Capitalism and Socialism in their purest format.
Economic System | Capitalism | Socialism |
| Equity | Capitalism is unconcerned about equity. It is argued that inequality is essential to encourage innovation and economic development | Socialism is concerned with redistributing resources from the rich to the poor. This is to ensure everyone has both equal opportunities and equal outcomes. |
| Ownership | Private businesses will be owned by private individuals | The State will own and control the main means of production. In some models of socialism, ownership would not be by the government but worker cooperatives. |
| Efficiency | It is argued that the profit incentive encourages firms to be more efficient, cut costs and innovate new products that people want | It is argued that state ownership often leads to inefficiency because workers and managers lack any incentive to cut costs |
| Unemployment | In capitalist economic systems, the state doesn’t directly provide jobs. Therefore in times of recession, unemployment in capitalist economic systems can rise to very high levels | Employment is often directed by the state. therefore, the state can provide full employment even if workers are not doing anything particularly essential. |
| Price Controls | Prices are determined by market forces. Firms with monopoly power may be able to exploit their position and charge much higher prices. | In a state managed economy prices are usually set by the government this can lead to shortages and surpluses |
Vote wisely by being informed.
If you have any thoughts or comments about this share them below in the comments section.
8/21/2015 Update:
Here’s another article that supports what I’ve been saying, “American cannot sustain entitlements at the level we’re spending money on people …Â The global era of socialism, entitlements and debt spending is about to come to an end