Capitalism vs Socialism

[20/09, 18:26] +60 13-278 0723: Corvette 

 

A man named Tom Nicholson posted on his Facebook account the sports car that he had just bought and how a man approached and told him that the money used to buy this car could've fed thousands of less fortunate people.

His response to this man made him famous on the internet.

 

READ his story as stated on Facebook below:

 

A guy looked at my Corvette the other day and said, "I wonder how many people could have been fed for the money that sports car cost?

 

I replied I'm not sure;

it fed a lot of families in Bowling Green, Kentucky who built it,

it fed the people who make the tires,

it fed the people who made the components that went into it, it fed the people in the copper mine who mined the copper for the wires, it fed people in at Caterpillar who make the trucks that haul the copper ore. It fed the trucking people who hauled it from the plant to the dealer and fed the people working at the dealership and their families.

 

BUT,... I have to admit, I guess I really don’t know how many people it fed

That is the difference between capitalism and the welfare mentality.

 

When you buy something, you put money in people’s pockets and give them dignity for their skills.  When you give someone something for nothing, you rob them of their dignity and self-worth.

 

Capitalism is freely giving your money in exchange for something of value.

Socialism is having the government take your money against your will and

give it to someone else for doing nothing.

 

Well written and thought out.

 

🌹🍀🌹🍀🌹🍀🌹🍀🌹🍀🌹

[20/09, 22:15] Othman Ahmad: Be careful. Not the whole truth.

Capitalism is about capital. Money invested to do business. It is not about buying something. The capital may not even be about building anything. It is the buying and selling of shares. You can say the elected government do not interfere, so no army, no police, no public hospitals. All must be run by capitalists, or corporate people, who form companies to run these operations for profits. People do not pay any tax but if you want anything, must still pay. Zero goverment.

Socialism is about governments spending tax money for the people. If people feel that health is important, the tax is used for health. For police, and army. No need for the public to pay for some of these government al services, because, collectively, people pay from taxes. Big government.

Which is better? Islam follows which?

Some say none of these, but these are the only options available. Just like one is black, other white, in a black and white world.

I say Islam is 98% capitalism because zakat is only 2%, the lowest tax in any nation on earth. Even USA, the so called capitalist nation, taxes at 30%.

Europe, 40%. So Malaysia, with 20% tax is actually more capitalist.

It is correct that Capitalism is giving money in exchange for something of value, but do you want that for the Army? Actually, early Muslim armies and Medieval armies were recruited like that. Even Bomba or Fire brigade was corporatised.

In Rome, the privatised Fire Brigade, do not start putting down fires until the owners agree to sell their properties. Do you want this?

As for buying a sport car, it is not a socialism to stop people from buying the car. In socialism, the buyer also pays extra in the form of tax. That tax is used to educate and keep healthy the people making the car. Sick and uneducated workers cannot make beautiful and powerful cars.