Who here believes in it, and why do you prefer it over other systems?
Being a Canadian....I guess I am "socialist" by association of my Canadian citizenship.
Although, the Europeans are socialist too, but
their taxes are so much higher and they get way more benefits than the Canadian system, but their politicians stoled all the government money like the United States, and now their system is collapsing.
Canadians live under a socialist system of high income taxes, hidden taxes (in gasoline) and social services taxes. Supposedly because of our low population of 33 million people , we pay higher prices on food, clothing, cars, electronics.... uhm why I don't I just say that we pay high prices for everything.
You only get by in Canada, it is difficult to get rich. The definition for rich in Canada is $250,000 or more in savings. For a good 90% of Canadians saving that much is extremely difficult, due to the high taxes and living cost.
The trade off for expensive cost of living and high prices is generally the social services...like unemployment insurance, disability insurance and old age pension. Though these are under attack by our stupid government wasting tax payers money.
I just got back from a 10 days vacation in Miami, Fort Lauderdale and Key Largo , Florida. Mind you I have traveled all over the U.S for work in the past 15 years and have noticed the gradual decline of certain areas and the debt situation in States and municipalities getting worse.
The U.S has quite the same social benefits, but what I and many Canadians have noticed is that U.S income taxes are much much lower, the price for food, clothing and gasoline is at least 30% less than Canada when dollar is almost at par (why do you think that their are millions of Canadians crawling around in U.S malls). Canadians make a list and shop in the United States whenever they can.
The problem with the U.S right now is that the citizens of American have elected one idiot president after another, who have pillaged and plundered the U.S tax payers dollars. Yes, these politicians have stolen billions of dollars over the last 10 years at an alarming rate. The U.S is bankrupt not because the citizens haven't paid their taxes, it is bankrupt because the U.S citizens tax dollars have been used to fund politicians expensive lifestyles and to bail the big banks out and pay for expensive external warfare.
Many U.S States and municipalities are broke and social services (benefits to U.S citizens) is what is going to suffer, so what are they going to do is raise taxes and because of this......... a more socialist type system will eventually be coming the United States. Americans can expect higher and higher taxes, because the tax coffers are empty...all stolen by politicians, bankers.
At worst, American income taxes may reach that of what Canadians are paying right now.
Hopefully, the U.S will not reach the level of taxes taken from citizens like that of Europe which is really high.
Canada, survived the banking collapse of 2007-2009 because our banks were more prudent than the U.S and Europe, also the Canadian government managed the Government deficit much better. I guess, it was luck or just better Finance Minister in the Canadian government than the rest of the world.
Anyway, if any government is irresponsible than its citizens will suffer, and the economic system will eventually have to change.
CrytoCoinMKT