Source: Foundation for Economic Education
by Patrick Carroll
“‘Here’s a lie you’ll hear on conservative talk radio: ‘Taxing the rich is socialism.’ Bunk!’ So begins Robert Reich’s ‘debunking’ of Myth #7, aptly titled ‘Taxing the rich is socialism.’ ‘Far from being a socialist country, the United States provides corporate welfare for the rich, while subjecting everyone else to the harshest form of capitalism in the world.’ Oddly enough, that’s basically the end of the debunking right there. Reich goes on to list a number of grievances, but never really gets around to explaining how he defines socialism or why taxing the rich doesn’t fall in that category. We’ve learned that corporate welfare for the rich is incompatible with his definition of socialism, and that’s about it.” (12/18/24)
https://fee.org/articles/responding-to-reich-part-7-is-taxing-the-rich-really-socialism/