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(last updated 2024-08-09/Close of previous day debt was $35123327978028.47 )

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Thursday, October 10, 2024

"Socialism is good until you run out of OTHER PEOPLE'S MONEY."

 STOP SOCIALISM!

"Socialism is good until you run out of OTHER PEOPLE'S MONEY." ~The Late British PM Margaret Thatcher 


The quote you're referencing is commonly attributed to Margaret Thatcher, former British Prime Minister, though it’s not a direct quotation. It reflects a criticism of socialism or welfare policies, suggesting that such systems rely heavily on wealth redistribution and could become unsustainable once the resources or wealth of others are depleted.


The phrase is often used in debates about the limits of government intervention in the economy, highlighting concerns that high levels of taxation and redistribution could discourage investment, productivity, and personal responsibility. However, proponents of socialism or mixed economies might counter that well-managed systems can generate wealth and ensure fairness, rather than merely depleting resources. It’s a significant point in the broader discussion of economic models and their long-term viability.

 

 

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#Socialism #politics #communism