Serious Issues: Democratic Socialism | The Odyssey Online
Start writing a post
Politics and Activism

Serious Issues: Democratic Socialism

The pros and the cons.

1535
Serious Issues: Democratic Socialism
Imgur

Thanks to the power of the Internet, people today can broadcast their thoughts to the world with a press of a button. Because we can connect with millions of people so easily, we are faced with new issues almost every day. One such issue that has exploded into recent news headlines is socialism.

With the presidential election swiftly approaching, the campaign trail has heated up with candidates taking the stage in an attempt to win the vote. One integral part of a campaign is the main issue or issues that a candidate takes on. One candidate, in particular, is responsible for the exponentially large growth of interest in socialism in the past year. You most likely know exactly the candidate to whom I am referring: Bernie Sanders.

Sanders, a congressman for 26 years and an extremely popular democratic presidential candidate, has devoted his campaign to advocating for the principles of democratic socialism. According to his campaign website, Sanders supports such socialist ideas as free college tuition, expanding social security and welfare, raising corporate tax rates, and redistributing wealth through higher taxes on the rich. Many people, particularly millennials, favor these principles and have overwhelmingly supported Bernie Sanders' campaign. And while socialism has a distinct advantage in that it theoretically fosters equality, many other disadvantages outweigh the proposed good of socialism. Before the pros and cons of this system can be examined, however, we must first understand exactly what democratic socialism is.

Dictionary.com defines democratic socialism as "a formofsocialismwithademocraticgovernment;theownershipand controlofthemeansofproduction,capital,land,property,etc.,bythe communityasawhole--combinedwithademocraticgovernment." Basically, democratic socialism seeks to bring about political, social, and economic equality. A democratic government allows for the participation of all citizens in the government while socialism allows everyone to own a portion of everything. For example, under socialism, the government would tax the income of individuals and redistribute it for everyone to have a part of it. The welfare system in our country today operates in a similar way. In addition, the tax on individuals (as well as on privately owned corporations) would be used to fund free college tuition, universal health care, and other social programs.

Now that we have a working definition of democratic socialism and understand the advantage it possesses in the form of equality, we must also examine the dangers that it poses. While many potential dangers exist, I will be analyzing two of the currently popular socialist ideas: free college tuition and raising corporate tax rates.

Free college tuition initially sounds extremely appealing, especially to younger members of society. After all, being able to receive a college education without having to pay the insanely high cost seems to be the solution to many of America's problems. Taking a closer look at the issue, however, reveals some major defects of this plan. Kevin James, a fellow with the Center for Higher Education Reform, says, "The idea would cost $70 billion per year, more than twice what the federal government spends on Pell grants." The government would have to dish out billions of dollars to implement this idea. Of course, higher spending by the government translates to higher taxes for the citizens. In addition to the high cost, the quality of education under a free tuition system would suffer. James posits that "such a proposal [of free tuition] is more likely to create a system that is rigid, bureaucratic and unresponsive to the changing needs of students and the economy over time." The bigger the hand of government is in colleges, the greater will be the inability of colleges to meet the educational needs of students.

Furthermore, much of the government funding for this program and others like it will come out of the pockets of not only many Americans, but also privately owned corporations. For years, a great debate has been taking place about taxing large corporations. Conservatives tend to favor lower taxes on these corporations while liberals often opine about the need to tax so-called "Big Business." Under a socialist system, the tax on corporations would shoot up, which would cause some serious problems to develop. Perhaps most significant is the effect that higher corporate tax rates would have on American jobs. According to Aparna Mathur, a resident scholar in economic policy studies at the American Enterprise Institute in Washington, D.C, "The U.S. loses investment as a result of uncompetitive tax rates." In other words, when corporate tax rates are high, businesses take their jobs overseas to countries with lower tax rates and cheaper wages. Consequently, fewer jobs are created here in the U.S. and unemployment skyrockets.

Democratic socialism has certainly been receiving much attention over the course of the past year, and much of it has been positive. Of course, every issue has its advantages as well as disadvantages. The advantage of socialism is found in its fostering equality across the board for U.S. citizens. The disadvantages, however, are severe and will punish citizens with higher taxes and less job creation. As citizens of the U.S., our duty is to examine each issue that will directly and indirectly impact our lives. Staying informed about current events and developments in the government and in society as a whole will allow us to contribute to our society in a better, more insightful way.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Entertainment

15 Times Michael Scott's Life Was Worse Than Your Life

Because have you ever had to endure grilling your foot on a George Foreman?

1340
Michael Scott
NBC

Most of the time, the world's (self-proclaimed) greatest boss is just that, the greatest. I mean, come on, he's Michael Freakin' Scott after all! But every once in a while, his life hits a bit of a speed bump. (or he actually hits Meredith...) So if you personally are struggling through a hard time, you know what they say: misery loves company! Here are 15 times Michael Scott's life was worse than your life:

Keep Reading...Show less
Featured

12 Midnight NYE: Fun Ideas!

This isn't just for the single Pringles out there either, folks

16221
Friends celebrating the New Years!
StableDiffusion

When the clock strikes twelve midnight on New Year's Eve, do you ever find yourself lost regarding what to do during that big moment? It's a very important moment. It is the first moment of the New Year, doesn't it seem like you should be doing something grand, something meaningful, something spontaneous? Sure, many decide to spend the moment on the lips of another, but what good is that? Take a look at these other suggestions on how to ring in the New Year that are much more spectacular and exciting than a simple little kiss.

Keep Reading...Show less
piano
Digital Trends

I am very serious about the Christmas season. It's one of my favorite things, and I love it all from gift-giving to baking to the decorations, but I especially love Christmas music. Here are 11 songs you should consider adding to your Christmas playlists.

Keep Reading...Show less
campus
CampusExplorer

New year, new semester, not the same old thing. This semester will be a semester to redeem all the mistakes made in the previous five months.

1. I will wake up (sorta) on time for class.

Let's face it, last semester you woke up with enough time to brush your teeth and get to class and even then you were about 10 minutes late and rollin' in with some pretty unfortunate bed head. This semester we will set our alarms, wake up with time to get ready, and get to class on time!

Keep Reading...Show less
Student Life

The 5 Painfully True Stages Of Camping Out At The Library

For those long nights that turn into mornings when the struggle is real.

3393
woman reading a book while sitting on black leather 3-seat couch
Photo by Seven Shooter on Unsplash

And so it begins.

1. Walk in motivated and ready to rock

Camping out at the library is not for the faint of heart. You need to go in as a warrior. You usually have brought supplies (laptop, chargers, and textbooks) and sustenance (water, snacks, and blanket/sweatpants) since the battle will be for an undetermined length of time. Perhaps it is one assignment or perhaps it's four. You are motivated and prepared; you don’t doubt the assignment(s) will take time, but you know it couldn’t be that long.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments