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Socialism And Utopia

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Socialism: The Truth Behind the Utopia

Socialism is looked upon, and favored by many millennials and young adults in Generation Z. It is a good idea on paper, like many ideas, but when you put such ideas into the real world, they don’t turn out as good, because you have to read between the lines and dig deeper into what would make such a machine work. In Socialism, everybody is equal, everybody is living the same life, the life which the government controls. What isn’t said is that everybody is riding the poverty line, everybody is equal in terms of economy and way of living, but everybody is poor.

Man Versus the State, by Herbert Spencer, is a book claimed to be “one of the most powerful and influential arguments for limited government, …show more content…

The government regulates how many hours for work, what the cost of products are, and what the pay is. The businesses don’t decided anything. This is much like slavery, with the owners being the government, and the slaves being the citizens. The government essentially owns everything dealing with the economy, they are a dictator of the country’s economy. Socialism takes away the liberty to decide how you wish to spend your money; it assumes you are not smart enough to decide what you need. With a central government owning all, or any, means of production and distribution means there can be no competition, profits, losses, market prices or even a market. However, profits, losses, and prices serve to guide scarce resources to their most highly valued means. The fact that socialism is inefficient compared to free-market capitalism can be seen as the answer to an empirical question. History has answered this question: nations such as the former USSR, Vietnam, Cuba, and North Korea are great examples; these nations were not …show more content…

Socialist countries have a high tax rate. In fact, Scandinavian countries are known for having high taxes on income. “According to the OECD, Denmark (26.4 percent), Norway (19.7 percent), and Sweden (22.1 percent) all raise a high amount of tax revenue as a percent of GDP from individual income taxes and payroll taxes.” Compare this to the 15 percent of GDP raised by the United States through its individual income taxes and payroll taxes. In order to raise a lot of income tax revenue, income tax rates need to be high. Denmark’s top marginal effective income tax rate is 60.4 percent, Sweden’s is 56.4 percent, and Norway’s top marginal tax rate is 39 percent. Comparing these to the United States’ highest tax rate of 46.3 percent. In the United States, there are different tax brackets for the citizens, and the tax bracket you’re in depends on the income you have. This is different for these Scandinavian countries, who have a flat tax rate for most citizens, no matter the income they make. The top marginal tax rate of 60 percent in Denmark applies to all income over 1.2 times the average income. For Americans, this means that all income over $60,000 (1.2 times the average income of about $50,000 in the United States) would be taxed at 60 percent. In the United States, the top marginal tax rate of 46.3 percent kicks in at 8.5 times the average U.S. income, around $400,000. Few taxpayers in the United States

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- “By 1917, the top federal income tax rate had been raised to 67 percent. Though it fell in the 1920s, it would rise again during the Great Depression and, especially, World War II. In 1940, before the United States entered the conflagration, the federal income tax raised $1.5 billion ($25 billion in today’s money). By 1945, it collected $17 billion ($223 billion). The top income tax rate would not fall below 70 percent again until

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Democratic-socialist, Bernie Sanders, has no desire to seize control of the business sector and transfer the means of production to the people or the state -- rather, he wants to employ policies that require everyone to play by the same set of rules,

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In the United States of America, the capitalist system dominates our economy by fostering production, competition, and private ownership. Although capitalism appears to be effective, especially for large corporations and the ruling class, it can be a problematic and unfavorable system for many others. An economic stratification has always existed in the Modern Western European society. As countries aimed for nationalism, or unity among the people, divisions in economic class emerged. The working class of the nineteenth and twentieth centuries frequently endured long production hours, low wages, unemployment, and poverty.

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In chapter 3 of The Great Gatsby, Jay Gatsby throws a gigantic party and invites his neighbor, Nick Carraway, to his party. This is significant because Gatsby is “in love” with Nick’s cousin Daisy. By inviting Nick, he befriends him in order to become closer to him to ask him to reintroduce him to Daisy, who is now married with child. In The Great Gatsby, Mr. Gatsby has unquestionably eccentric tastes.

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“Socialism” and “communism” was introduced into America’s political lingo when the reformers tried to own useful property together as a community instead of private individuals. Several Utopian societies attempted to change traditional gender roles and

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In identify himself as this socialism person, he stated that it is immoral and wrong that 57 percent of all new income is going to the top 1 percent. He used the example of a working mother on maternity leave. Why can’t the United States follow other countries policies and procedures, when you have a baby? That is, we will not separate you from your newborn baby, because we are going to have medical and family paid leave, like every other country. He stated that United States should follow Denmark, Sweden and Norway, and learn from what they have accomplished for their working people.

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In the more developed regions of the world such as the United States, the United Nations and some of the Asian Countries, the form of economy there is Capitalism. Capitalism allows business owners to expand as much as they like since businesses are privately owned and the government have little to no influence on them. To the rich, capitalism is great, it allows them to be as rich as they want, but to the poor, capitalism only makes them poorer, it creates a disparity in social class system, and the varying changes in employment rate as a result of monopolization. Capitalism, due to monopolization makes the poor stay poor. To elaborate: a monopoly is when a person or a group owns the majority of the supply for the public.

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Socialism contains a wide array of economic and social structures that are all generally defined by several core concepts. Stemming from the beliefs of Karl Marx, socialists value community control over the means of production, as well as free access to goods and services such as health care, education, employment, and many others. Most modern socialist states achieve this through strict regulation of the economy, as well as high taxation. The socialist model works by having every member of a community contribute to production, and having that production directly benefit everyone, cutting out profit entirely, as the only things produced are those that are necessary. I do not classify myself as a socialist, however, I do believe in many of the things that socialism proposes, in particular, the vast social freedoms and opportunities available through socialism.

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Should America implement a flat tax? According to Steve Forbes “For many years, people have said, ‘Make the rich pay more,’ and many politicians have said, ‘The rich people need to pay their fair share,’” (Forbes) but what do we think is really fair?

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Conclusion Tax is an important tool for governments to narrow the gap between the wealth and the pool, and further provide public services and ensure social equity. Therefore, no matter in developing countries such as China, or developed countries such as the UK and Australia, individual tax are used to support public expenditure and struggle with income inequality. This is why the three countries all have a progressive tax system with some reasonable allowances. However, because of the different political, economic systems and national conditions, there are some differences exist. Firstly, the tax rates are different which is due to the disparate average income level and income inequality.

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65% for the “upper middle” bracket 19% of the U.S population. And a whopping 275% of taxes for the 1% of the U.S. These numbers undeniably show a non “equal” society but one out for the 1% and other high rollers. America isn’t protecting the people at the top nor the bottom.

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After all of these discussions and detailed analysis above, the essence of spirit and meaning which is represented behind the flat tax system is the key issue we should concentrate on. Even under the flat tax system, the rich still pay more tax as well as under the progressive flax system. The most important reason for applying flat tax system is to restore to our people their sense of freedom, their privacy and moreover, their Bill of Rights, all of which have been systematically exploited to enable the IRS to accomplish its mission closely. All in all, compare to progressive tax system, flat tax system can better consist with the Bill of Rights which is buoyed by the spirit of

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In the book Utopia, Thomas More portrays a perfected society in which the economy is based on ideals of communism. “I readily confess that in the Utopian commonwealth are very many features which in our societies I would wish rather expect to see.” None today would choose to have these qualities because there aren’t individualized gains in Utopia. People want to be the greatest that they can be. More’s society is about the public’s well-being.

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Instead of capitalists or private sectors owning the factories of production, the government owns them. This in turn results in the government collecting the profit instead of just businesses taxes. Pros and Cons Proponents of both systems have continually argued which economic system is better. Both have their advantages and disadvantages. Capitalism makes sure that an economy will produce the best products and that these are priced reasonably.

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Do you ever think of why should or shouldn’t the rich people pay more tax than others? Nowadays, people are arguing about the fairness of paying more tax. Statistics have proven that the rich have paid the majority of U.S. income taxes. A person making $100,000 will pay a higher percentage of his income in taxes than a person making $20,000 for instance. According to the Congressional Budget Office, “The 10% of households with the highest incomes pay more than half of all federal taxes.

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