Socialism lowers economic inequality

because

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It taxes the upper class and grants financial benefits to the lower class.

sender:
zmt

4 years, 6 months ago

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  Treating people differently under law because of the money on their bank accounts makes the gap between rich and poor larger.
  
  sender:
  ubister
  
  4 years, 5 months ago
  
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  - but
    
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    The way you phrased your premise makes it sound like the rich would somehow be treated differently in legal situations. The only antibenefit the rich would receive in a socialist state would be having to pay more in taxes.
    
    sender:
    zmt
    
    4 years, 5 months ago
    
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but

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Aiming for more equal incomes through state intervention necessarily leads to a reduction in national income and therefore average income.

Socialism assumes that the marginal utility of income to a poor person is greater than that to a rich person.

sender:
ubister

4 years, 5 months ago

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- however
  
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  it is possible that the value of a rich person is currently overvalued and a poor person undervalued
  
  sender:
  uranalysis
  
  3 years, 10 months ago
  
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because

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The common definition of socialism (abolition of private property combined with worker control of the means of production) is by its very nature more egalitarian than the alternatives.

sources:
Wikipedia's definition of socialism

sender:
afx

3 years, 10 months ago

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however

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it does it by making everyone equally poor

sender:
n8n3k

3 years, 9 months ago

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Socialism lowers economic inequality

Socialism is a Political Orientation

Capitalism is a Market Economy

Economy is a System