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1/28/2016 6:55:58 AM
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Time for socialism to take hold? Socialism has tried to take hold and has failed every time, most recently in Greece. Also, stop using small social programs with marginal benefits as a case for overall socialism. Libraries, roads, emergency services, etc. can be paid for with a small tax combined at both the state and federal levels. Not some big bloated number in the 50% range. Allow people to keep more of what they earn, that is how you encourage investment which is necessary for economic growth
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Socialism and its big ugly brother Communism have done well in some countries (ie Germany and China) and Capitalism has failed as many times. So the jury is still out on who is best. (SIDE BAR: I hope for something new like what they have in star trek where there is no currency) Also we have in the US what is called a Progressive Tax System where your income is tax as you earn it at different levels so that first tens of thousands no matter how much you make after will always be taxed the same. My point is that if I give a dollar to a poor man he will spend it and it will flow strait back into the economy. If I give a billionaire a dollar he will never notice and likely never spend it, it will sit and make him richer by way of interest. Last point historically the US grew faster and enjoyed a more stable economy when the wealthy were taxed at a higher rate (examine 1900 to 1970). Food for thought
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Star Trek's Federation was socialist...
