I may have hurt the feelings of some of my visitors by associating modern liberalism with socialism. This cannot be helped because it is a fact of politics. In the following video you will hear individuals advocate the most basic concept of socialism. And in their advocation affirm everything I described about socialism in part II of this series. Most important is the fact that they reveal their ignorance about the most basic fact of an economic system.
1. You cannot eliminate profits or put a cap on profits without bankrupting that business in time.
2. The paychecks of every person working in that business is derived out of the profits of that business not just the owner’s paycheck.
3. No business can grow if you place a cap on the profitability of that business.
4. All taxes are a dirivative of the profits of a business.
A h/t to Bruce over at the “Gay Patriot” for the video lead.