What is socialism and why is it so bad?

Fiscal conservatism 105

I like to throw around the phrase that our President is a socialist, and I believe it is true. But there are many people who think this is a slur. I don’t intend it as such. I believe it is descriptive of his motives and actions.

So let me take a minute to explain what socialism means to me and why I think it is bad for our country. I’m not an economist, of course, so this is just my personal observation. And I will try to keep it simple with an overview. If anyone wants to comment I’d be happy to go into more detail.

Like many political systems, socialism is probably great in its ideal form. The concept behind it is that people are people, everyone is equal, and they are all part of a larger society in which they can all do their part for society’s improvement. I don’t think you have to believe that “everyone is equal” means that everyone has to get paid the same. Someone who works harder or is more educated or is a lot smarter could be compensated more than someone who isn’t....

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