GRusling Wrote:
Feb 08, 2013 9:17 AM
The problem with socialism is that eventually, you run out of other peoples money. That's exactly what's happening in America today. Why would anyone "work harder to produce more" when the profit incentive is reduced to zero? The more they earn, the more government "takes" so their net profit does not advance. Under such circumstances there is no incentive to take the "risk" necessary to grow, expand or do more. There is no reward, so business sits still and hedges its bets, conserving its capital for some future time when actual "profit" can be expected. This is why communism is a totally failed ideology...