re: Milton Friedman: The Rise of Socialism is Absurd

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The issue is that too many capitalists are too greedy and have convinced enough members of the middle-class that increased benefits for those who have not done well under capitalism will come at a cost to them--the middle-class.

The truth is that increased taxes on the wealthy and more protections and benefits like health care and education are relatively cheap when compared to prisons and the increased social and financial costs of poverty and anger.

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How can you be so absolutely ignorant? Are you actually suggesting that only capitalists are greedy, and socialist aren't? What do you think will happen when you take wealth away from greedy capitalists and give it to greedy socialists?

Raising taxes to pay for your socialist policies will mostly have a negative effect on the working class. The people in the top 5% can easily afford those tax increases but, if you apply that tax increase to everyone it's the working class - making it from paycheck to paycheck - that gets hit hardest. If you somehow only apply the tax increase to the top 5%, those taxes just get passed along to the consumer which, again, hits the working class hardest.

Socialism is a failed concept over and over and history has proven that it will fail again.