NJ tax hike on rich and wealth redistribution?

[CJD]

(09-17-2020, 01:50 PM)Mickeypoo Wrote: Can someone please explain what would make something like this Socialism vs not?

The term Socialism has been so overused by people who don't like any kind of assistance for poor or middle class families at the expense of the rich, that it basically has lost all meaning.


So, let's say we begin calling tax redistribution from the wealthy to lower income people (whether it be via welfare, unemployment, tax rebates, vouchers, food stamps or what have you) is now considered "socialism."

In this scenario, yes. This is socialism.

But also in this scenario, socialism is ***** fantastic and needed if we want to escape the crippling wealth gap in this country that is allowing millions to suffer while there are people who make millions and billions of dollars off of the backs of underpaid workers.


However, if we go by the actual definition of socialism, an economic system in which ownership of private property (not personal property) is held by the workers (allowing them to benefit from their own labor) rather than a bourgeoisie class (What Marx called the wealthy capitalists that typically own the factories, production plants etc), then....no. This is clearly not Socialism.