by Burgerman » 13 Sep 2018, 09:04
Here is another example.
Puerto Rico is very socialist but it ran out of other people’s money years ago and it now finds itself in a dire economical situation. Then a storm came and they have never been able to recover since because of crippling debt. And very low productivity.
Signs of creeping socialism:
Tax rate: High taxes for corporations both Commonwealth and municipal, and especially for individuals earning middlle to high income in order to subsidize the "special" communities.
Large or largest employer: Commonwealth and municipal goverments and public corporations.
Housing: A significant number of the population lives in public housing or subsidized housing paid by: you guessed it.... Taxing the rich.
Healthcare: Majority of the population has free healthcare.
If you want to witness how liberal left socialist policies end, please go to Puerto Rico, greece, venuzuala, or any country that embraces lots of wealth redistribution to make life more "fair" and you will be innoculated from the socialist disease. Be quick. Theres not many left in the world, they mostly collapsed into violence and starvation after extreme poverty.
Yet we still have people that are too dim to see why this always fails.