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The trouble with socialism is that eventually you run out of other people's money

Posted by: TJNFL1 on Dec 28, 12:38 in response to slipping jimmy's post give poor people more money and they will certainly pay...

Socialism as a form of government that continuously expropriates private capital until all the industry in the country has been nationalized (or until the country’s economy has been run into the ground, whichever comes first).

Socialist governments traditionally do make a financial mess. They always run out of other people’s money. It’s quite a characteristic of them. They then start to nationalise everything, and people just do not like more and more nationalisation, and they’re now trying to control everything by other means. They’re progressively reducing the choice available to ordinary people.

British Prime Minister Margaret Thatcher - February 5, 1976

GOP Tax Reform Will Benefit Middle Class More Than Wealthy. The wealthiest people in America will pay a larger share of total taxes. PhoneHome Dec 28, 08:26

they pay a larger share of taxes because they have the largest share of all the money. {nm} slipping jimmy Dec 28, 08:40

Now you're getting it. The richest 20% pay 87% of Federal Taxes collected. The bill increases that to make it even more progressive. PhoneHome Dec 28, 09:14

you keep repeating this myth as if it's a truth, so {nm} slipping jimmy Dec 28, 09:41

"Myth: Half of Americans Don't Pay Federal Taxes" slipping jimmy Dec 28, 09:41

You lost the debate on facts, so change the subject. Our discussion was on income tax. SocSec Tax in this article complete different topic. {nm} PhoneHome Dec 28, 10:42

Social Security was and still is a liberal brainchild. Good luck trying to take it away. But if that's what you wish . . . {nm} PhoneHome Dec 28, 10:45

About 4.2 million additional taxpayers will escape federal income taxes in 2018, according to a new analysis by the Tax Policy Center. {nm} PhoneHome Dec 28, 09:15

give poor people more money and they will certainly pay taxes on it {nm} slipping jimmy Dec 28, 09:34

At least now that you agree the new tax bill does "give" them and the middle class more money , we'll focus on ways it helps them earn more {nm} PhoneHome Dec 28, 10:22

don't put words in my mouth. i didn't say this bill does that. {nm} slipping jimmy Dec 28, 10:24

Actually, you did imply it and quite eloquently. {nm} PhoneHome Dec 28, 10:38

The trouble with socialism is that eventually you run out of other people's money TJNFL1 Dec 28, 12:38

Insurance is Socialism. The Fortunate pay for the Misfortunes of the Unfortunate. {nm} Captain Obvious Dec 28, 14:09

Unless you file a claim {nm} TJNFL1 Dec 28, 15:01





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