Socioeconomics: Capitalism & Socialism 1

Socioeconomics: Capitalism and Socialism

Matthew J. Banks

Prof. Amy E. Johnson, MA

ENGL 111

April 20, 2010

Socioeconomics: Capitalism & Socialism 2

Socioeconomics: Capitalism and Socialism

Socioeconomics is as difficult to describe as the supply and demand of air, though

seemingly invaluable, it is also not a commodity but an environmental benefice. Defined as its

components it attains a moment of clarity, socialism, share and share alike, and capitalism, a

barter system. Socialism is the belief that social ownership, asset(s), can be achieved by

voluntary and peaceful surrender of their holding by wealthy groups, causing debt bondage and

wage slavery. Capitalism is the belief that something more than a promise, will restore society to

normal economics. We must discuss the dramatic moves or we will never take the first steps of

liberty.

Socialism is a stage in society, transitional between capitalism and communism, and

distinguished by unequal distribution of goods and pay according to work done[ CITATION

Mer10 \l 1033 ], tendering nothing for economic growth or employment. Lead by rumormongers,

a subsection of profiteering exploitations alongside Capitalism, which thrives in a climate of

fear. Socialism is not so much charitable as it once was, as in recent times becoming,

entrepreneurial and exploitative. Some will argue that without it, there is no responsibility but

with it, the benefactors are not. Right now, the responsible are paying for the irresponsible and

the burden is growing, making blind faith in politicians a faulty option. Despite austere warnings,

the bureaucratic laws have increased the count of hypocrites, increased taxes to the breaking

point and interfered with personal choice, in a country founded in opposition of such aristocracy.

Shameful, spend now and tax later, tactics have priority socialist countries in collapse.

History

At the turn of the twentieth century, society had become one of equality through

adversity. In the nineteen-twenties, President Harding with an unlamented economic calamity

Socioeconomics: Capitalism & Socialism 3

inherited by his predecessor President Woodrow Wilson defeated an economic depression with

record unemployment, massive debt and a bloated federal government[ CITATION Whi10 \l

1033 ]. This forgotten depression was solved without the governments expenditure of taxes

from citizens, just the opposite cutting the federal budget in half, cutting marginal income tax

rates for ALL groups, cutting the national debt in half, not the deficit, the DEBT.

His successor President Calvin Coolidge said, "I want the people of America to work less

for the government and more for themselves, I want them to have the rewards of their own

industry…this is the chief meaning of freedom.[ CITATION Per25 \n \t \l 1033 ]”

Nine years later, new presidents such as Hoover followed by FDR reintroduced a

bureaucratic government, massive taxes and spending, causing the great depression. This is the

era that gave birth to a government that nears dictatorship, obscene taxes, and the government

entitlements, many of which today still repress the economy. These 'New Deals' prolong

economic depression, yet again, the goals of those comfortable with a welfare state that say or

imply they support free market principles but are willing to commit totalitarianism.

Socialism is humanitarian aid in a relevant outlet for people to crawl out of the proverbial

gutter, when they cannot do so alone, to make it through hardships, and to help others to whom

they are responsible. Socialism is often disrespected, partially because the immature do not

understand its purpose, that in a roundabout way they will be paying for everything and their

possessions. Directly funded resources are vital to taxpayers and the taxes they pay, because the

stewards are certain of the costs of operation, and of the effects, damage will do to future costs.

Taxes

Approximately 28% of the population paid zero federal income taxes in 1950; today

nearly, 50% do not pay federal income taxes[ CITATION Int10 \l 1033 ]. With bankrupt cities
Socioeconomics: Capitalism & Socialism 4

and states and a national debt of trillions, a GDP in negative fully reversed cannot compensate

for the losses of the entitlement programs all run by the government in its current condition

[ CITATION Wes10 \l 1033 ] [ CITATION Ber09 \l 1033 ] [ CITATION Int10 \l 1033 ]. This

broken system burdens conscientious taxpayers for those who are ungrateful and unwise. Soon,

financial stress will fall upon all, every time people accuse and attack those with moral fiber or a

functional work ethic there is tragedy. People, who make money, do or do not give to charity, but

for sure, many of those dependent on the state believe that people are not charitable, are not

themselves and believe people must be compelled to do so in each instance[ CITATION The10 \l

1033 ].

A side effect has become that tuition has raised as much as five times as much as it was

in 1980, rising to more than 100 of a family’s income capability[ CITATION NAT02 \l 1033 ],

as universities exploit welfare aide grants and loans provided by the government, to pay for

expansion and tenure. In 1950, spending on social services by the U.S. government was 33.4% of

total federal government expenditures, today it is 61.3, SSI to see payout exceed pay in this year

- 56 Million people receive some type of benefit [ CITATION Chr10 \l 1033 ].

This occurs at state and federal levels[ CITATION Chr10 \l 1033 ], California is in crisis,

making outrageous cuts in education and public services[ CITATION TAM10 \l 1033 ], and it is

a microcosm of national socioeconomics. From taxes not only of salary but also of individual

taxes on specific items in full luster at both state and federal levels, each income bracket pushes

closer to the poverty line as the gap between the upper and lower incomes grows. Every dollar

charged in taxes is one a worker cannot spend, on their children’s education, vacations, and

putting back into the economy, that would be more productive, putting back into economics. It is

also possible to flat tax a society without cutting vital programs calling it waste reduction. Half
Socioeconomics: Capitalism & Socialism 5

of our country's households do not pay taxes at all. Therefore having little reason to work

logistically, as costs saved by the system at any corner congress continues to spend because

likely half is not watching those who pay the least often wanting the most.

Michael Tanner, Senior Fellow of the CATO Institute says “federal projected increases in

government spending by the middle of the century, will be 40% of GDP for Social Security,

Medicaid, Medicare and 20% to federal employee wages, estimated at bankruptcy by the end of

the century. The CBO says that 35% taxes would jump to 88% taxes, to compensate for

government, just in federal taxes. The richest 10% of Americans pay 20%, funding almost half of

this country.” Tanner estimates tax increases to finance government spending, making

predictions based on CBO spending projections, changes of the following income ranges: 35% to

88%, 25% to 63%, 10 to 25%, and the corporate tax rate from 35% to 85%. [ CITATION

Tan10 \l 1033 ]

Cutting taxes on employers of the economy is a small boon to the economic growth,

keeping employees and promoting personal purchases, but not an economic return to average

from recession, or an economic recovery can finance the current federal budget.

Repercussions

If freedom rings with governmental control of choice, with irresponsible and ungrateful

social services recipients, the institution suffers. As the inept come to power, more entitlement,

less choice, less freedom, fewer rights to work but more cause to pay, stifles innovation. The

ungrateful and the naive who consider the waste on them worthwhile are diluting the purpose of

government[ CITATION Wil62 \l 1033 ]. Our country is in severe debt and every financially

combative effort to resolve this problem has been total cost expenditure, from solely a lack of

conservative approach. It is a failed business model, further damaged by those involved not
Socioeconomics: Capitalism & Socialism 6

concerned with their investment, as this country is our investment, as well as it is one of those

still yet unborn. Teachers salaries in California are the highest in the nation, with great benefits

and great pensions - teacher firings and dangerous cuts in educational services are avoidable if

the entitled would mature and share the burden of taxation. The Nation is soon to follow this

more for less mentality. The budget is misallocated, something has to be done soon, short of

sweatshops and slave labor with annulments to bans on political dissent.

The diligent receive mandates to purchase health-care, with prohibitions to cross-border

purchases and personal purchasing power, increased payroll taxes, fines and

penalties[ CITATION The10 \l 1033 ]. The repercussions of underfunding include a decrease in

Medicare and Medicaid services, allowable deductions and tax credits and threats to other

programs, like the educational system as mentioned, and social security, in measures to reduce

costs as new governmental boards, regulations and commissions on cost effectiveness form,

funded yet again by taxes[ CITATION The10 \l 1033 ]. These costs effect college tuition rates as

well, and the uneducated are defenseless as costs raise and quality of service declines.

The typical attempts to seek adoration without effort is part of the problem, because it

entitles people to expect the unattainable, the right to destroy had never been. If you think, a

liberal government is going to stop taxing at the rich and the repercussions absent, than you have

no sense of history. It never has ended with the wealthy. Limits tighten as the definition of rich

gets rewritten time after the next, until social welfare becomes emphatically unbalanced and

socialism drains away the income earners. Slowly the slaves attempt to become the master in a

feudal state where socialism as a solution puts people to sleep, drip by drip of poisonous political

power and corruption. This problem time and again, and created self-concerned dictators such as
Socioeconomics: Capitalism & Socialism 7

Hitler, Pol Pot, Mussolini, Stalin, Chairman Mao, Napoleon, Caesar, ALL who fought for bad

ideas and horrible decisions in the name of a new order of socialism.

Entitlements are exploding with the rich picking up the 'tab'. Housing credits[ CITATION

The101 \l 1033 ], cash for clunkers[ CITATION Car10 \l 1033 ], green building

subsidies[ CITATION Eco10 \t \l 1033 ], all creating an entitlement that builds with people who

forget the government thrives on reciprocating taxes and loans from the nation's treasury and

Central Bank, to fund social services. Some people are so far gone, they suffer an emotional

disconnect, believing that a free ride will never end, but truthfully some has to pay the fare.

Crime is reprehensible, and without funding for police, it will run rampant with fundamentals

intent on the state dependency agenda and other bottom of the barrel criminals. If the power and

incentive to experiment does release from the dictators to states, schools, and families, the

recipients will take decisive action. Things they cannot do, become trades and skills, to be taught

in schools.

Federal Reserve chairperson Ben Bernanke said April 7, 2010, "To avoid large and

unsustainable budget deficits, the nation will ultimately have to choose, among higher taxes,

modifications to entitlement programs such as SSI and MC, less spending on everything else,

from education to defense, or some combination of the above,.. But unless we as a nation

demonstrate a strong commitment to fiscal responsibility, in the longer run we will have neither

financial stability, nor economic growth"

Government results are becoming highly suspect, in 2010; only 81% of dept of education,

spending goes back to the states and test rates have been flat since the Dept. of Education’s

inception. [ CITATION USD10 \l 1033 ][ CITATION Nat10 \l 1033 ].

Negative effects
Socioeconomics: Capitalism & Socialism 8

“The only way to keep them out of the cookie jar is to give them no choice, which is why

whether it is balanced budget acts or pay as you go legislation or any of that... It’s the only thing,

if you don't tie our hands, we will keep stealing” --Congressman Tom Picrello, March 18, 2010.

 Education, trade and illiteracy make a necessity for the state of humanity to progress

through education, a system of currency, and eventually charitable society, and yet still some

cannot afford to educate themselves into independence as the process continues. What will the

irresponsible do, when comes the flood, will they take to higher ground, refuse social programs,

raise taxes, if there was a higher ground, there would be not the unsustainable debt, there would

be no flood. Student loans by government, salary and payment of student loans for those who are

a federal employee, is indentured servitude.

When entertainment mixes with politics, the result is science fiction, untested,

improvable captivating results for burgeoning fortunes with cash in hand. So many are convinced

they must fight the government's downhill spiral battle for them, without knowing the truth, the

causes and effects of supporting a cause for publicity have come to falls in the quality of federal

programs, including pensions, health and education coast to coast, both publicly in budget and

privately in the knowledge base of the consensus. Sufficing supporters are often debutantes and

lunatics, crippled by vanity, trying to alter reality. When politics mix with science, you get just

conjecture.

Negative and positive are always the same, and we must “hold these truths to be self

evident,”[ CITATION Uni76 \l 1033 ] , and consider our options and not simply rediscover our

“better angels.”[ CITATION Tim09 \l 1033 ] [ CITATION Abr61 \l 1033 ] What is more

important, a resume or a credit-score?

Socioeconomics: Capitalism & Socialism 9

 There is a revenue problem. Civility and humanity must remain, as supporting

proponents of social services and we cannot ignore or denounce the truth. Every year people lay

victim to poverty due to natural disasters, a diminutive economy, ill-considered family structure

or some combination of each, more and more as the gap between the upper and lower incomes

widens, as they themselves do not contribute, eventually resorting to extremes. Those who want

the oppression and ensuing tyranny, change the topic by demonizing the conservative opposition,

growing prominence as threats of our societies collapse becomes apparent and looming. The

damage only worsens as news reports come from entertainment companies.

Some people take jobs that pay less because it makes more sense to make a lower salary

in a lesser tax bracket rather than work harder and longer only to bring home the same pay after

taxes. The middle class squeeze is less hospitable to the forms of higher taxes, college aide, to

the tune of 70%.[ CITATION Ste10 \l 1033 ] Lest we forget new taxes hurt jobs, as a society of

reverse morals keeps taxing and spending more without more action, causing deficits and new

taxes. To understand the cost, while providing assistance based on quality and not quantity,

under a government that trusts the aristocracy more than the people, we must remind ourselves

we are free to work hard, save smartly and to pass on a lasting legacy of the values and wealth of

prosperity, not dependency, to the offspring who must succeed.

It has been commonplace for much of time, to plant the largest seeds, and not the

smallest. Wealthy philanthropist George Soros warns Europe of collapse as violence in Greece

grows due the problems the United States is currently creating for itself, debt and entitlement.

[ CITATION Tet10 \l 1033 ] Severe consequences as entitlement only increases debt can only be

avoided if projected cost estimates must be accurate AND Congress cuts spending, neither of

which have yet been done. The current administration also said that unemployment would not go
Socioeconomics: Capitalism & Socialism 10

above 8.5%. Throughout known history, pioneers have had no money, nor safety net, nor

guarantee of health-care, these are what people want, but will they sacrifice liberty and freedom

to be a Pavlovian dog of the government. If a government creates a dependency, disappointment

and revoked liberty ensue. In a country devoted to states sobriety when there is none, often on

both sides, lie, cheat and steal to repeat the like, an invalid, incompetent, welfare state, labor and

appreciation for production, yet there are so many paid to avoid innovation.

People, who want the high-income earners to pay more taxes, do not realize that the high-

level income families earned that money legitimately. Like many children, if they spent as much

time workings as they do complaining, things would already be finished working. It is better to

serve your survival, than to serve the weak, because society is one that gratefully as well as

inherently serves all, tandem to the price of freedom. Most people may enjoy this charity,

because it is not their money and rightly so, but people lose their humble climate if someone else

pays, assuming there is not an ultimate cost. Congress has excelled at spending for several

decades. The openly projected national debt is to reach 20 Trillion in the next 10

years[ CITATION Ass10 \l 1033 ].

 There have been bad people in the financial sector and bad people in our government

who made bad deals for all of us, but because the central bank has deep pockets, society pays and

all problems, fictional or not, are financially supported by taxes. If they make the most, as they

contribute the most, as in the forfeit of taxable income, they further soon may not contribute by

either means of asset depletion or subterfuge of payment, just as anyone in poverty, math does

not change if the number is bigger. This is an information age, driven by twenty-four hour

media, fueled by loquacious hopefuls, who concern themselves with trivial things. Often in

groups, they throw the occasional fact to their audience for the sake of information
Socioeconomics: Capitalism & Socialism 11

entertainment, under the auspices of journalism, between their attempts to marginalize their

opposition, brainwashing our future leaders. Waste, fraud and abuse of power and money, in

both are very similar, if not the same a small price for theoretical safety, emotional comfort and

lackluster and sparse information at its finest.

 "When the people fear the government, there is tyranny. When the government fears the

people, there is liberty.” --Thomas Jefferson.

The 13th amendment is the abolishment of slavery except for punishment, what was the

crime committed that allowed Washington, D.C. to mandate the purchase of a good or service,

which is conscription. People may become corrupt if never taught ethics without entitlement.

With any situation the first offense is circumstance, the second is happenstance, and the third is

enemy action, to which the result is a reversal of the blind following of taxation without

representation and the indictment of our politicians' character, soon followed by civil unrest.

With a total unending dependency, there is a loss of freedom for every person to make intelligent

choices without guidance, interference or compulsion by captors, some might call this

codependency. There are areas of personal choice, which are of no import to the government, its

lack of socialism of morality, or its environment of adolescence.

Moody's, a credit rating agency, made a statement, “preserving debt affordability at

levels consistent with AAA ratings will invariably require adjustments of magnitude that, in

some cases, will test social cohesion" and "the severity of the crisis will force governments to

make painful choices that expose weaknesses in society." Former CBO Director, Doug

Elmendorf said, “The nation’s fiscal path is simply unsustainable.”

The world is on edge, there will be civil unrest because when they reckon the looted

treasury and a different future for their children lies in route, they will not sacrifice taking the
Socioeconomics: Capitalism & Socialism 12

easy path, not relinquishing entitlements. Those that flaunt their possessions remand all, with

ungratefulness to the eyes of the rest of the world. Because the majority rules, does not mean

they are correct, we have rights that come from experience and history and not from any

politician. State dependent fiends cannot live independent, so could not possibly govern a society

that must function independently.

Conclusion

If investors know that taxes are going to go up at the end of a year, they are going to sell

off, and any recovery will be short lived, as an economic system slowly stops, just as if a

population burst has occurred, or the price of a valuable commodity such as oil were to

dramatically increase. As those who donate to charity at the end of a strong work ethical day,

having no issue with socialism, are bullied by those who believe it does not yet offer enough,

who themselves give nothing or not enough, a government in any number of shades of corruption

is nationalist and not patriotic. To insist on problems without facts, without knowing the effects

of your actions, and to blame those that want to conserve the ways of functional society that have

been in place since its inception, is alarmist and illogical. The problem ensues as both sides of

exploitation continue the same conflicted mindset, as the charlatans attack the pride of the hard

working, a neoconservative oppression, designed to elevate the new fascists to elite status, as

long as it remains new, or they will discard it as soon as they lose interest.

The capitalist system is dying on the vine as tax revenues are drying. Canada has never

had a federal department or ministry of education, getting higher test scores in international

comparisons, than the US, and Canada has more school choice, more voucher programs, more

charter schools, and more innovation, because decentralized innovative local school boards do

better than a federal department of micromanagement[ CITATION Chr101 \l 1033 ], which

Socioeconomics: Capitalism & Socialism 13

speaks wonders for state sovereignty. Awhile Chicago is one of many major cities in the United

States, closing schools, packing pupils to capacity and experimenting with ‘pay to pass’

programs[ CITATION USA08 \l 1033 ], big establishments do not prove well for innovation and

individuality, they have a rigid mindset which they bestow on their drones.

Wall Street is Main Street, Enron, AIG, Goldman Sachs, and others have been fraudulent

over the years, but that was not Wall Street and Main Street, it was Wall Street and Capitol Hill.

Credit will get tight as Wall Street gunslingers take back control of Main Street from evil Uncle

Sam, despite the agenda, capital is king. If taxes do not come down, Wall Street will stop

funding the cults who attack capitalism to fund bureaucracy, regardless of opinion. There will

always be a balance where the next generation philanthropists will end the vanity of the welfare

state, to bring liberation to freedom and responsibility.

The free market and common sense are the good solutions to complicated problems that

will rule the day. The adoration and expansion of government programs without removing the

overall waste, fraud and abuse, is an allocation of excess. Gratitude and respect both increase

when fleeting items and cherished wealth are earned, entitlement programs often do not protect

the vital resources used in operation, food commodities are regulated but only cattle are given

free food. Countries cannot afford to keep walking people through the darkness or they will

never learn to see, they will never learn to elect someone to illuminate the situation, to end the

taxes that kill jobs to pay for unemployment in a return to an economic fluidity dream. A nation

of entitlement cannot keep holding the hands of the innocent or they will not leave the luxury of

the government dole.

A severe political division and sharp rhetoric, on one side, red blood carrying life to vital

organs returns to its source to do good again, the adverse blue blood, seeks to control more life,
Socioeconomics: Capitalism & Socialism 14

only carrying waste, requiring more, taking the breath out of the livelihood of the country, a

bankrupt culture and the checkbook to match. Existing costs will consume every tax dollar raised

or lowered, why not promote a growing economy that society can partake. Like in electronics, a

signal makes a degradation trip, sent across a wire, only able to go a certain distance before a

repeater. Money cannot be as effective when first taking a trip to Washington for allocation to its

original purpose before arrival.

This easy money cannot go on forever, or the government will inflate another easy credit

bubble, the debt of the government has replace the debt of the private sector in just the last year,

and without a plan to reduce the fiscal deficit in the years to come, to avoid default they will

create a monetary inflation. Legislation alone will not solve the problem; together people need to

teach others the benefits of success and the flaws of socialism.

 
Socioeconomics: Capitalism & Socialism 15

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