Sometimes a picture really is worth a thousand words. I think the example on the left does just that regarding the seemingly complex concept of socialism and wealth redistribution. In my opinion, it sums up the functional basics of socialism very well.
Under a socialistic system, government (or the “community,” as socialistic proponents like to say) collects resources through “progressive” taxation. Stated another way, government levies an increasingly higher tax burden on those earning or owning more assets. In reality, though, socialism looks a lot like armed robbery since the threat of collective force is used to confiscate a person’s wealth.
It is also worth noting that, according to Marxist theory, socialism is the transitional stage between capitalism and communism.
Please note: I do not know who produced this graphic and thus cannot provide appropriate credit.
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