I keep trying to explain the economy to my children in light of the presidential candidates' platforms. Sadly, even some of the best political gaffes are lost on those who don't understand the difference between capitalism (McCain) and socialism (Obama). To help me teach my children, I turned to my son's 11th grade Social
Studies textbook, whose sum total definition is that socialism is "the idea that the government should own and operate industry for the community as
a whole." With that paltry definition, no wonder my children don't know
what socialism is. Frankly, kids could better understand socialism by reading
Wikipedia: "All socialists share the belief that capitalism
and creates an unequal
All socialists advocate the creation of an egalitarian society, in which wealth
and power are distributed more evenly."*
This sounds very much like Obama who is now trying to camouflage his
socialist ideas ("the equal distribution of wealth") as "opportunity."
So, folks, Robin Hood is back in town. Obama is trying to "rob from the rich
and give to the poor." His plan "advocates the creation of an egalitarian
society" by taxing the rich even more and eliminating or reducing taxes
on the other 95% of America. In Joe Biden's words, "It's time [for the
rich] to be patriotic."
To simplify the implications of Obama's socialistic plan, let's talk
about a common, childhood money-making scheme. Suppose all the kids in the
neighborhood put up lemonade stands around town to earn money for the
movies. At the end of the day, the government (Obama) says, "Great job,
kids. Now give me all your money, and I will give back to you what you
need to go to the movies." Many are excited because they didn't make enough
to pay their own way; others are unhappy because they worked hard to take
friends along but now aren't allowed to; still others complain because,
even though they made enough to also buy popcorn and candy, all they get is a
movie ticket.
So, the next time kids sell lemonade, what's going to happen? Who's going to
try hard to earn more than the other kid? What's the incentive to work
hard at all if, at the end of the day, everyone gets the same thing? That
incentive to work hard is one of the key differences between Obama's
plan (socialism) and McCain's belief in the system we've supported since our
nation's inception (capitalism).
For decades millions have left other countries to get away from socialism in order to have a chance to build their futures. Are we going to lose our
capitalistic nerve now just because times are tough? Are we going to
give up on a system that creates wealth by fostering entrepreneurship, hard
work, creativity, and, yes, even sacrifice? Or are we going to cave in to
socialism because we've lost our drive for and belief in the American
dream?
At times like these, it's tempting to look for a leader to ride in on a
white horse and rescue us from trouble. Why don't we allow capitalism to
be our hero? Socialism has deep financial needs to support itself so will
always come seeking the taxpayers' pocketbook. Whatever we feed will
grow. If we feed irresponsibility, laziness, or greed, they will persist and
even thrive. But if we feed incentives to work hard and earn our own way,
capitalism will thrive and the American dream will live on.