The first problem with Mark, Sarah, and Michael’s belief is that they assume our country’s debt and “poverty” has occurred as a result of wealthy individuals who have “stolen” the money. This claim assumes that money held by each person does not belong to them. Rather, it is money bestowed upon them by the government. In making this statement, supporters of socialism fail to recognize the idea that the money each person has is money that they have worked for and earned. In exchanging their time, labor, and energy for a paycheck, they now own this money. Therefore, it is no longer owned by the government and the statement that the rich have stolen, rather than earned, it a faulty one.
Mark and Sarah need to realize that poverty is not a result of the rich. It is a result of low-income earners or irresponsible spending. The same is true for our government. The debt that the United States has accrued is not because big businessmen are sneaking into the national treasury and stuffing their pockets. It is because the American government has done more spending and borrowing than its budget has allowed. Just like the “poor” citizens that socialist America would like to support, the American government is bringing in less money than it feels justified in spending.
Lastly, socialism is an impractical solution to the issue of debt and poverty in America because it does not actually provide the government with more financial resources or stability. Rather, it attempts to put a band-aid on the financial paralysis of the United States by spreading the wealth. Instead of allowing the country to successfully stand on its own, socialism is sure to further financially debilitate the country.
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