[Torie]

Put whatever label you want on it. I am more interested in practical effects.

[Arioch7]

Then read my post. If the liberals tax my profits at a level that will make it illogical for me to put my life into my business, I wont.

Is that simple enough for you? Or, more accurately I might ask.. is that TO simple for you? ;)

[jlogajan]

Put whatever label you want on it. I am more interested in practical effects.

It's not mere arbitrary label. It is an ethical category -- who do you owe your labor to. It doesn't matter ethically if it is pre-tax or post-tax -- if society determines who you owe your labor to, that is socialism. If you are free to exchange your labor (and therefore keep its fruits) as you see fit, it is individualistic capitalism.