Is America ready for socialism? | The Tylt

Is America ready for socialism?
A recent Oxfam report found 82 percent of the wealth created in 2017 went to the richest 1 percent of the population. Socialism has long been a dirty word in America—often associated with communism and tyranny. But between rising income inequality and the popularity of avowed socialist Bernie Sanders, many Americans are growing tired of capitalism. Others say America was built on capitalist values, and socialism is an unjust redistribution of hard-earned wealth. What do you think? 🌹 🇺🇸 🌹
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Is America ready for socialism?
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A recent Oxfam report found 82 percent of the wealth created in 2017 went to the richest 1 percent of the population. 

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Bank of America announced customers with a low checking balance would have to pay a fee of $12 per month to keep their accounts open—essentially charging the poor for being poor. 

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And Amazon CEO Jeff Bezos made an astonishing $2.8 billion in a single day after eliminating jobs for cashiers.

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Rampant income inequality, a shrinking middle class and the skyrocketing cost of healthcare, education, and housing have many wondering—is capitalism really the best economic system? 

As Harold Meyerson writes in The Guardian, more Americans than ever are embracing the idea of socialism because capitalism has failed them.

Where once the regulated, unionized and semi-socialized capitalism of the mid-20th century produced a vibrant middle class majority, the deregulated, deunionized and financialized capitalism of the past 35 years has produced record levels of inequality, a shrinking middle class, and scant economic opportunities (along with record economic burdens) for the young.
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But defenders of capitalism argue socialism is antithetical to America's core values as a nation. Could a model built on the needs of the many really work in a country like ours? Sterling Terrell of Thought Catalog doesn't think so, because socialism is "condescending, inefficient, and immoral." 
The idea under socialism is that everyone pays taxes and the government, in an equitable way, provides its citizens with the things that they need. While it appeals to many people, socialism is wrong.
Simply put, socialism takes away the liberty to decide how you wish to spend your money; it presupposes you are not smart enough to decide what you need. Your income was yours to spend as you wish. Now it is the government’s, and it will provide for you what it thinks you need.
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Capitalism may not be a perfect economic system, but it is the best economic system.

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FINAL RESULTS
Politics
Is America ready for socialism?
A festive crown for the winner
#TimeForSocialism
#CapitalismRules