Quote Originally Posted by jonquest
socialism is bad because it is economically and morally wrong. taking money from one person and giving it to another person hinders production of the overall economy by rewarding failure. the current bailouts are the best example. as for the moral issue, it is wrong to take money earned from one person and give it to another person without their approval. socialism sounds nice and great and makes people want to gather around the campfire to sing koombaya, but really a free market is better for all people.
That's communism, not socialism.

Socialism means that the government takes over some markets, such as housing, health care, food production, etc.

You're thinking of communism, where the state tells you where to work and where to live and what to eat.

If it's not okay to take money from someone and give it to someone else, then taxes (especially income taxes) must really bother you.