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Socialism is about collective ownership of industry. It has nothing to do with tax rates. The source of this misconception is likely decades of misinformation s
by opportune 9y ago
Socialism is about collective ownership of industry. It has nothing to do with tax rates. The source of this misconception is likely decades of misinformation spouted by ahem certain American political groups that wanted to keep taxes low.
- mistermann 9y agoI always thought that was communism.
- opportune 9y agoCommunism can be considered a form of socialism. It's like socialism but with additional requirements. There are different interpretations of it (Leninism, Trotskyism, Maoism, etc.). What I would consider a "pure" definition of it would be socialism without the presence social classes, money, or the state (source: https://en.wikipedia.org/wiki/Communism https://en.wikipedia.org/wiki/Communism). This is necessarily much different from just socialism by itself.