What is Socialism?
Socialism is Fairness Economics from the employee's perspective. The opponents of socialism are affluent capitalists that are already taking a greater share of the nation's economic prosperity than what they should be taking. These socialist opponents are supported by under-educated laborers that do not really know what economic system is in their best interest. These uneducated laborers were simply indoctrinated at a young age; and they now defend the myths that their equally unenlightened parents embraced.
Socialism advocates:
Intentional Corporate Misinformation
Socialism does not rob individuals of their personal liberties and freedoms. Corporate leaders often use descriptions of autocracies to describe socialism in order to confuse the general population. Socialism protects the excluded general population from excesses perpetrated by those who were given exclusive access.
Corporate leaders maintain numerous social myths to justify their retention of an inappropriate amount of corporate profits; such as -
The Entitlement Myth
The Ownership Myth
The Entitlement Myth
Past economic errors by corporate leaders have resulted in failed corporations and economic crises at the national and international levels. These egregious mistakes demonstrate that corporate leaders have no particular insight that is lacking in the general population. Corporate leaders were simply accorded exclusive opportunities that the general population was excluded from enjoying. These exclusive opportunities do not entitle corporate leaders to any inappropriate portion of corporate profits. The exclusive opportunities obligate corporate leaders to advocate on behalf of the general population that was excluded from those exclusive opportunities.
The Ownership Myth
Someone that starts a business is entitled to all of the business's profits if the business owner does all of the work required to keep the business functioning. But, once that business owner harnesses the synergy of employees, the owner is obligate to give each employee an equitable share of the profits that those employees helped produce.
The Role of Taxation
Taxation is the means by which government regulates the distribution of profits. Severe taxation on received wealth that is above and beyond the national median income is the mechanism used to equitably redistribute the nation's wealth among all members of society that were excluded from socio-economic opportunities.