socialism is fundamentally about taking from one person to give to another using the force of gov't laws.
In the begininng is sounds good because after all the rich supposedly have vast reserves of wealth, more than they can spend in a life time so basically that should some how be stolen from them, or forced through gov't mandate under penalty of fine or arrest or seizure to be taken by the gov't and distributed to whomever the interest groups are.
The problem with this besides out right theft of property, is the old saying of "you can give a man a fish and feed him for a day or you can teach a man to fish and feed him for a lifetime" . Socialism is about giving the man a fish. It may help a person out in the short run but its no benefit in the long run.
Also the list of the needy is ever growing. Besides outright fraud, any body can become a political constituent and essentially lobby the political sphere for moneys.
âEUoeI have never understood why it is âEU~greedâEUTM to want to keep the money youâEUTMve earned,
but not greed to want to take somebody elseâEUTMs money.âEU
- Thomas Sowell
By helping out individuals you are essentially creating a culture of learned helplessness and irresponsibilty. This is what the social welfare "safety net" creates as an unintended consequence of goodwill. In the past wealthy people would donate some of their wealth to poor houses etc. and then use it as a tax write off. This could take care of some but was by no means able to satiate everybody's desires.
It's easy for politicians to use these classes of people to pander for votes and pretend to the populace that some how social ills and just facts of life are some how being fixed and managed by the state through the institution of a social welfare program. The problem is the longer this goes on the more advantageous it becomes to keep these systems in place.
A bribed populace is a happy populace
Unfortunately the hidden cost in socialism and "social welfare comes later down the line when at a certain point the people recieving the benefits of social welfare begins to become enormous. This cuts into the fiscal problems of the country becuase it is simply not possible to provide everyone with everything because at some level, all wealth that is created was created through production of goods or services. By taking wealth from productive members and giving it to those that are unproductive a nation begins to cease to invest in future labor and production by merely eating its own wealth through the subsidizing of the poor.
Recently Francois Hollande in france attempted to pass through a tax on the wealthy of nearly 75% of ones income over a certain level. The problem with this, is that it chases wealth out of the country. No rich person that is sane would want to stick around in a country that would take 3/4 of their wealth per annum. The net effect if they did stay is a lowering of everybody's standard of living. How? Eventually what happens when the wealthly are taxed to the point where they are no longer wealthy?
In order to continue to fund social spending the gov't must then go into debt or find the money elsewhere, or simply print it. All of these situations lead to catastrophic results which can be seen in the current financial crisis, the argentinian crisis in 2000-01, Zimbabwe Hyperinflation, Weimar Germany, etc etc.
People often forget that aside from social spending, a country also has to pay for itself and reinvest in itself. By placating the poor and subsidizing them, they are not investing that wealth in productive enterprises which would in the longer run generate more wealth over all in a society. However to most, that idea is untenable when one is poor right now, and through long term investment in a society one may only see economic prosperity in generational terms. This is assuming gov't could some how by itself pick winners and losers in a market (which is ofcourse communism) versus just letting the rich keep their money (free market capitalism)
Socialism is the very idea that theft makes right somehow. By robbing Peter to pay paul, you have increased paul's standard of living temporarily but also lowered Peter's. At some point there will be no more money left to steal from Peter, and paul will be very angry that he is not being paid. At that point socialism fails. As it has always failed. when there is no more money left to steal.
Socialism is antithetical to the idea of property rights. If the gov't or any force can essentially decree that what you "own" must be surrendered " for the good of all" then you do not own it.
"Socialism is the doctrine that man has no right to exist for his own sake, that his life and his work do not belong to him, but belong to society, that the only justification of his existence is his service to society, and that society may dispose of him in any way it pleases for the sake of whatever it deems to be its own tribal, collective good." - ayn rand