Last updated on February 1, 2016
Dustin Hodges/ Contrinuting Writer
Over the previous few years there has been a growing sentiment about the evils of the “one-percent.” Yet many have no real concept of whom they are demonizing. From this growing and often loud group of miss-informed and ill-advised individuals has caused a recent rise in the support for socialism in the United States. These people have been raised in the safety and comfort of the life capitalism has provided. Yet they desire to turn back the clock and live under the dangerous and unrelenting horror that is socialism.
Looking back at the past century, many nations and governments have implemented Marxist and socialist ideologies, only to create mass-starvations, extreme poverty, and eventually destruction of the rule of law. This is the future currently being promised by presidential candidates who are promising government supplied healthcare for everyone, government supplied college for everyone, and government supplied food and housing for everyone. The promises being made are that these things will be “free,” yet anyone who believes anything is free is highly uninformed.
Government income comes from taxes, which are paid by every adult American. Therefore anything the government promises to pay for is actually being paid for by every Americans hard work. The common theme among people pushing for socialism is to “tax the one percent.” This plan is highly flawed, as the entire assets, not just income, of even the top 10% would not cover the 100 Trillion dollar price tag that would come with all of Bernie’s promises.
The so called evil one percent is a much misunderstood group of Americans, as most people believe these are the billionaires, sitting in high rise offices on Wall Street. There are a few issues with this theory, as the real one percent are not all billionaires, many are working right here in Sumner County. Many of you may know someone who still operates a family farm, with equipment and land amounting to much more value than you may realize. Trying to increase quality of life of one group by utilizing other groups hard work has never been feasible, as Margaret Thatcher put it best, “The problem with socialism is eventually you run out of other people’s money.”