Wednesday, February 9, 2011

In order for socialism to function in a society its tenets require the forcible redistribution of income and wealth. In practice this has never been able to be accomplished since much of wealth is the accumulation of income over time. Once established its owners have always found ways to retain that wealth by way of the power it wields. However, since income is derived in a current time frame, governments have been able to succeed in taxing higher income owners more than those earning lower incomes. This is not the same as the taxing of wealth.