A lot. For one, if the government freely takes money from the those that work hard to earn it, and gives it to those that do nothing, there's literally no incentive to work. Therefore, with no one willing to hold a job for fear of having their money taken, the economy falters. Even if Obama only raises taxes on those making over 250k a year and starts heavily taxing corporations, to be able to cover the ridiculous amounts of money he plans on spending for things such as "free" universal health-care, he'd have to take 95% or more of the upper classes income. You may say, "That's fine with me. I want some free cash so let's stick it to the man!" Trouble is, who is it that employs the average person? That's right, the rich cats. The company owners. The upper class. If they start losing most of their income, one of three things will occur. 1: Either they'll close up shop because it can't turn a profit or they'll go bankrupt. 2: They'll pack up and relocate their business overseas. Thus, taking their products, money, and jobs away from the American public. 3: These companies will, to have any hope of covering the taxation and still turn a profit, raise the price of their products. Thus, passing the burden onto the average citizen so that, in the end, those making under 250k end up having to pay the taxes anyway. In any of these cases, the economy will likely take a huge hit and collapse. You think it's bad now with the bankrupting of a few banks, imagine what it'll be like if it happens to every market and every industry. Socialism seems like a great idea that some (mostly those that are too lazy to do things themselves or just want everyone else to give them what they need) hold in high regard, but fact is, it never really works out as planned.hippieshopper post=18.74687.842501 said:I agree, what's wrong with socialism?
However, I have to add that I think our current form of a "free market" is also flawed. A free market only works if there are solid, logical, and fair safe-guards in place that are strongly enforced instead of just suggested.
As a final note, just to clarify, I hate both candidates. Obama speaks in prophetic rhetoric and makes promises he, in all honesty, simply can not keep. McCain, to me, seems like a colossal tool. He's not Bush, but then again, he seems like he has no idea what he's doing. So, I'm not sure which would be worse in office. Someone that would cause a total upheaval of everything this government was founded on and likely cause it to falter; or someone that seems like a bumbling fool that would have to learn everything as he goes. I hate to say it, but I almost wish Hillary was still in the running. I hate her with a passion but damned if she doesn't seem like a better choice then the two jackasses we have as our current choices.