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Socialism

reviewed by Ridgewalker

Any of the various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods, a system ...
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Ridgewalker
10/18/2008

Socialism 1

If there is an equation between socialism and spreading the wealth around, I'm not clear on how this will work in the current economic fabric. For instance, Obama claims that he will not increase taxes on anyone earning less than $250k, which, of course, are most people, but he will raise taxes and mandate insurance on those above this line. The people above the line are the people who create jobs for the people below the line. This will put a tremedous strain on an already fragile system and, in my assumption, will wipe out a lot of jobs...and the repercusions of this can be profound. Someone want to help me to clarify the logic here?

Join to vote! 4 Helpful / 1 Funny / 1 Agree / 0 Disagree
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Wiseguy commented 406 days ago.
Sorry...can't help you

Ridgewalker commented 406 days ago.
You're fired!

Victor83 commented 406 days ago.
Ridge...I'd say you summed it up pretty well. Besides...logic never works on the ignorant.

Ridgewalker commented 406 days ago.
Maybe Barrack Obamarama has a Super Double Secret plan for us...

Victor83 commented 406 days ago.
BTW...my remark regarding the ignorant was not directed at Loerke.

fitman commented 406 days ago.
Re 'Trickle Down' aka 'Voodoo Economics'... They piss on us and tell us it's raining.

sperryc commented 406 days ago.
I have a hard time justifying tax breaks for people who don't need them. Plus, if I sell stuff, broke buyers aren't helping me to grow and create jobs... But it's a complex situation and I see where you're coming from, Ridge. I guess I just disagree that Obama's approach to taxation (ie allowing breaks for the highest bracket to expire) will have the devastating effects you're predicting. I didn't see any jobs being created under the current system...
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