How does socialism make rich people poorer?
Posted by admin on Sep.08, 2011, under Make me Rich
I don’t agree with socialism, but rich people don’t actually get poorer in a socialist system. Unless you tax their net-worth…?
Big corporations do not like socialism for everyone else because it does mean more government regulation for them. They actually have a form of socialism themselves in the form of government bailouts, subsidies and tax lurks. Why would they want their underlings to have what they have been enjoying for years? Ever heard of ‘privatize the profits, socialize the losses’? That about sums it up.
10 comments for this entry:
September 8th, 2011 on 2:53 pm
you even close to know what socialism it is
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September 8th, 2011 on 3:41 pm
socilsim
bad
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surely this makes my fellow liberals smiling, right?
right?
September 8th, 2011 on 3:55 pm
Big corporations do not like socialism for everyone else because it does mean more government regulation for them. They actually have a form of socialism themselves in the form of government bailouts, subsidies and tax lurks. Why would they want their underlings to have what they have been enjoying for years? Ever heard of ‘privatize the profits, socialize the losses’? That about sums it up.
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September 8th, 2011 on 4:13 pm
Yes, France, Germany, and Scandinavia have no rich people. It is quite sad. If only they could have one of the largest wealth disparity in the world like America and African dictatorships. Those poor socialist bastards
And sarcasm aside, 99% of people agree with socialism when they actually learn what it has done in the last two centuries. Guess what ended child labor? Guess what gave workers decent wages and working hours? Guess what gave workers safe working conditions? Guess what provided consumers with safe products? Oh yeah. Socialism, socialism, aaaand socialism. The reason why you are not working in a sweat-shop factory for 17 cents an hour, 15 hours a day making products that poison, maim, or kill consumers is because of Socialism. Read up on the early Industrial Revolution to get a taste of unregulated capitalism.
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September 8th, 2011 on 4:19 pm
property tax. It’s a tax on wealth. Also uncontrol printing of the dollar to pay for government programs that devalue our savings. .
MAtt, you don’t have any idea where the disparity came from. It’s from liberal programs. Low interest rates to help poor buy houses cause housing prices to sky rocket. SInce the rich already have homes, their wealth grew disporportionately. CLinton pushing people to buy stocks cause a huge jump in stock prices making the stocks of the rich richer. PS, the numbers printed on stock portfolio and home estimates aren’t real. It’s only real when you sell. Also High prices for homes are bad unless you own more than one!
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September 8th, 2011 on 4:54 pm
Socialism is the state owning industries, and the redistribution of wealth.
The state take from the rich, keep almost all of it, and give piss-ant pocket change to the poor. Everyone loses but the gov’t. Until a revolution which always comes soon after
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history
September 8th, 2011 on 5:26 pm
Because socialism steals wealth for the producing individuals and gives to them that do not produce anything
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September 8th, 2011 on 5:48 pm
What makes the rich poorer is something called the Income Tax. There are brackets based on how much you make, and if you’re successful and make 250k or over you will get taxed around 40%. That’s almost half of your money, so if you’re a good doctor that makes around 300k a year, you make 180k. The problem with Socialism is that instead of taking that money to improve defense, roads, and other things the government are here for, a socialist state will take that money and give it to people that sat on their asses so that everybody can be "equal". What it does is it takes away the fruits of labor and decrease the motivation to work hard in life.
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September 8th, 2011 on 6:20 pm
cuz it balances the wealth like the hero robin hood did to evil kings
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September 8th, 2011 on 6:39 pm
It doesn’t. To all the people who claim that socialism is bad or doesn’t work, what do you call Sweden?
The Swedes have income taxes of around 60%, but are also one of the richest and happiest nationalities in the world.
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