Socialism? Let's Cut to the Chase

[tecelote]

Read the full article:
http://readersupportednews.org/opinion2/277-75/32536-socialism-lets-cut-to-the-chase

Excerpt:

...Recent painful examples of the nation’s wealth being redistributed from working class Americans to the wealthiest include the Iraq war and the so-called housing bubble collapse.

The Iraq War transferred, by all accounts, trillions of US taxpayer dollars into the coffers of arms manufacturers and contractors. It was in all likelihood the largest and most rapid such transference in history.

The housing boom-to-bust “Recession of 2008,” arguably continuing today, turned American homes into Wall Street commodities. The result was that millions of Americans lost their homes. Wall Street investors got rich betting on the bust, and those who lost money recovered it from investment insurers, who were then bailed out by the American taxpayer. Wealth redistributed – big time.

The conflict isn’t over Socialism, it’s over who should be allowed to enjoy its benefits. The nation’s wealthiest 1% of individuals and corporations do. Everyone else does not, but certainly should...

[alterfurz]

1. Capitalism: If it works so well, why do we have to keep bailing it out?

Socialism: If it's good enough for the bankers, it's good enough for the rest of us!

[d_legendary1]

2. The 1% own the American Dream

The rest of us just work here with no end in sight.

[WHEN CRABS ROAR]

3. Capitalism will fail

It's based on unsustainable increasing extraction of resources.

[WDIM]

4. Where are the investigation of the Trillions of dollars lost

to fraud and embezzlement?

The crime spree of the mega wealthy is incomprehensible. Their crime is so big and so bad that nobody believes it but its true.