All assets are ther property of The State; those who cooperate with State policy will be allowed to keep a small portion of those assets. From each according to his ability, to each according to his needs.
The irony is that generations of Americans spent their lives, their treasure, and their blood fighting communism, and yet, after the Berlin Wall and the Bamboo Curtain fell, Americans decided they wanted to adopt communism as their own.
At first blush it sounds really fair; later (when it's too late) you discover that some @$$hat bureaucrat gets to decide what your ability and needs are.
The irony is that generations of Americans spent their lives, their treasure, and their blood fighting communism, and yet, after the Berlin Wall and the Bamboo Curtain fell, Americans decided they wanted to adopt communism as their own.