During difficult economic times, Socialism becomes a popular ideology due to the increased amount of economic suffering. When times are good, it’s OK if others make a lot of money and do well, so long as you are also doing well. As soon as things turn bad, it then becomes curiously not OK if someone else continues to do well if you are struggling. Why can’t we be happy for someone else? Why do we have to bring others down?
There are things about Socialism I like, such as making sure nobody has to go bankrupt and live in poverty due to inadequate healthcare coverage. And then there are some things about Socialism I don’t like, such as the numerous examples of corrupt Socialist leaders who pilfer their people.
One of my comrades in the post, “Socialism As A Means To A Brighter Future” commented an old parable that demonstrates why Socialism might not be a way for a better tomorrow. Have a read and let me know your thoughts.
That’s a stupid example you use of the punk in the subway who would magically turn into a nice person if you gave him more. That is where you are wrong Comrade, the more you give people the lazier they get, ie people on welfare are dirty people in general (yikes!) versus blue collar hard working people. The more you give the less motivated the creators are in a society.
My parable: The ant worked hard all summer collecting food and preparing his home for winter. The grasshopper played all summer not doing any work.
When winter came the grasshopper had no food. No worries, the grasshopper elected a socialist leader that took away 40 percent of the ants food and gave it to the grasshopper.
The next year the ant decided that the new government would take care of him the same way so he played all summer too, as did all the other hard working producing ants.
When winter came, there was no food and they all starved to death.
Except for a few fairy lands, economic times are tough. I wouldn’t mind the government siphoning off millions of dollars from billionaires to give to the rest of us poor folks. But, I’m not about to lobby or vote for anybody who would do that because I have too much pride.
I believe I can take care of myself and not depend on the charity of others for extended periods of time. If I’m down and out, yes, I would like a helping hand from the government who receives plenty of my tax dollars. But, I can only accept as much help as I put in. Otherwise, I’m taking away from someone else’s hard work and that’s not right.
Start your own business/website: If you feel you’re not getting paid what you’re worth and want to boost your income, start your own business online on the side! It used to cost a fortune and a lot of employees to start your business. Now you can start it for next to nothing with a hosting company like Bluehost for under $4/month and they’ll give you a free domain for a year to boot.
Brand yourself online, connect with like-minded people, find new consulting gigs, and potentially make a good amount of income online one day by selling your product or recommending other great products. Not a day goes by where I’m not thankful for starting ONIG Financial Blog in 2009. Here’s my step-by-step guide to for how to start your own website like mine in under 30 minutes.
Manage Your Money In One Place: Sign up for Personal Capital, the web’s #1 free wealth management tool to get a better handle on your finances. In addition to better money oversight, run your investments through their award-winning Investment Checkup tool to see exactly how much you are paying in fees. I was paying $1,700 a year in fees I had no idea I was paying.
After you link all your accounts, use their Retirement Planning calculator that pulls your real data to give you as pure an estimation of your financial future as possible using Monte Carlo simulation algorithms. Definitely run your numbers to see how you’re doing. I’ve been using Personal Capital since 2012 and have seen my net worth skyrocket during this time thanks to better money management.
Updated for 2021 and beyond.