The socialists thought they had taken over a healthy, cash-flowing going concern
The problem is: only a flush, capitalist society can support a 'socialist' contingent (medicare, welfare, etc.) in a manner they're accustomed. When it gets too large, the parasite brings the host down to a level where support is no longer possible.
A socialist society is not possible as it is comprised of only parasites- no host, no producers of anything of value.
The whole thing is going to come down just like the USSR.
It will, when the bloodsuckers have rendered their host hypovolemic. We can only avoid this by infusing new blood in the form of new revenues that can only come from a growing/expanding economy. And nothing this administration appears to be doing is aimed at accomplishing this.
Coming soon:
VAT — the hidden national sales tax
Restoration of the death (inheritance) tax
Sales taxes on internet transactions
Acceleration of the end of the Bush tax cuts
Tax on stock transactions
Energy taxes, many of which will be hidden
Intangibles tax - tax levy on value of financial assets and savings
Confiscation of IRA’s and 401K’s by moving them into the Social Security fund
Means testing for Social Security benefits
There are many ways to transfer income and wealth from the working class to the parasite class. Who knows, they may even bring back the poll tax.