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“Socialism works only until you run out of other people’s money.” Margaret Thatcher

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5 Responses to ““Socialism works only until you run out of other people’s money.” Margaret Thatcher”

  1. How do you run out of money?
    Money always exists because
    it gets circulated everywhere.

    That is one of the functions of money.
    It acts as a medium in order to exchange goods.

    If the government taxes,
    they don’t keep the money.
    They spend it.

    If you are talking about public schools,
    then they pay teachers who then spend
    that money else where.

    And by the way,
    teachers pay taxes also.

    Margaret Thatcher and her followers
    should study economics a little more
    closely before they make
    ridiculous comments.

  2. Myers –
    Money represents productivity;
    to attach a value to the paper,
    it must be backed-up by something …
    i.e. effort/labor.

    If you’re not getting it,
    cross-out “money” and replace that term with “effort.”

    If people are not free to keep what they produce,
    they stop producing –
    which is when socialism becomes communism
    (i.e. forced labor).

    I work for the reward or fruit of my labor;
    the moment you or anybody else takes what
    I’ve toiled to gain,
    it becomes useless for me to continue …
    at some point, those that produce,
    don’t find merit in the effort and cease to work …
    it is at that point that the STATE must compel
    the labor (that’s called communism).

    Socialism is the taking of
    your labor/earnings/money to satisfy my desire –
    and it doesn’t work because selfish people
    (which we all are) do not labor w/o reward.

    It’s quite simple –
    you don’t need to study economics to understand it.

    My four young children understood
    the concept early-on …
    and you can too, w/a little thought.

    Give it another try.

    • If you’re still not getting it,
      you work to earn money,
      I’ll give you my address
      and you send me every check.

      We’ll keep doing that every week
      until you have a better grip on “economics.”
      (it’s also more efficient than losing 50% of
      your money to the government on the way
      to my wallet –
      oh, but wait, you’re OK w/socialism,
      so you’re not interested in efficiency)

      People are socialists for one of two reasons:
      either they’re the receivers OR they’re in power,
      doing the taking –
      you see socialism has two classes,
      the powerful (political) class who also have the money,
      and the poor.

      There’s no middle class.
      (Actually there’s a third reason
      that people are socialistic …
      they’re just not aware of what it is
      and the damage that it does).

      Freedom is beautiful and it
      creates tremendous opportunity –
      doesn’t guarantee results,
      just the chance …
      ask yourself if, in America,
      you can drastically improve your standard of living
      in one generation (it’s done all the time)
      as compared w/those trapped in socialistic nations.

  3. An economics professor at a college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that socialism worked and that no one would be poor and no one would be rich — a great equalizer.

    The professor then said, “OK, we will have an experiment in this class on Socialism — sharing the wealth”. All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A (substituting grades for dollars – something closer to home and more readily understood by all).

    After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.

    The second test average was a D! No one was happy.
    When the 3rd test rolled around, the average was an F.

    As the tests proceeded, the scores never increased as bickering, blame, and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.

    To their great surprise, ALL FAILED and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great, but when government takes all the reward away, no one will try or want to succeed.

    This could not be any simpler than that.

    These are possibly the 5 best sentences you’ll ever read and all applicable to this experiment:

    1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

    2. What one person receives without working for, another person must work for without receiving.

    3. The government cannot give to anybody anything that the government does not first take from somebody else.

    4. You cannot multiply wealth by dividing it!

    5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.


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