Before we get started on how I see socialism infecting the US , I think it’s only right if we break down that word socialism because not many really understand this term. Socialism at its core is just a political ideology , and the idea behind it is that strict government control over the economy such as government health care , mandated wage requirements , more restrictions and regulations on private businesses , government intervention within financial markets and its all for the idea of having equality amongst society. In order to achieve this they will need larger government …Now what are symptoms of larger government? Well it has to mean higher taxes ; because something I always say is that government doesn’t produce it just redistributes. So now that you have a brief overview of what this ideology means let’s look at symptoms of this ideology. As I said earlier bigger government, and how can they achieve this ? Simply by charging us more on taxes so we can fund all the rules they want to instill in the system. Now with bigger government putting their power into all industries it will destroy innovation , free markets , entrepreneurship , and ruin all wealth classes , making everyone stuck at the same level regardless how much value you give opposed to the next person.
Example : you can have a Jeff Bezos that has brought arguably some of the most value to today’s generation getting paid the same amount as someone who doesn’t bring no where near that value.
-How can this be?
Because once government comes into an industry , this industry is now funded by tax payers dollars through the government. Example let’s look at healthcare, so the idea is that if government backs health care and allows people to get health insurance all these hospitals and doctors can charge whatever amount they want because it is the insurance that is paying it not the people (but the people are paying it in taxes) which now ruins the price of health care cause everyone wants to charge more to make more, this is the reason why health care is so expensive. This is the danger of government coming into the economy, it ruins free markets. The government in a socialism environment are even able to take ownership to your own private land wether it be a farm , or just acres of land that you’ve worked hard for… everything belongs to the government.
Socialism destroys an economy and forces it into market reforms for re-growth. Which is currently taking place right now. If we take a step back by one decade, the 2008 crisis is an example of that. We cut back in spending, paid off corporations who went completely bankrupt, and offered government aid to consumers who were out of work or in need. Fast forward to today, we’re running the same protocol under COVID-19 where we see massive bailouts, we see unemployment paying workers more than their minimum wage, an unprecedented of printing which inflates the national debt. Do you see the cycle now? This system is creeping more and more into America by the day or should I say by the crisis.