[ajay_kumar]

Why we let socialists take over?

The answer is simple. Socialism on surface sounds great. No one goes hungry, every one has health care, free college education, blah..blah..blah.

To shallow thinkers socialism/communism sounds like utopia. It is easy to sell to the inexperienced. That is how the worlds most populous nation of China fell into communism. Karl Marx sold communist ideology to Russians.

The main reason socialism has failed in every country to promulgate prosperity is that it takes away any incentive to work harder, think harder, study harder, since any rewards will be taxed away from you.

The ironic thing is formerly socialist countries have first hand experience with it and are running away from it. Would you believe Russia now has 77 Billionaires and a 13% FLAT income tax? China also has a growing number of rich entrepreneurs. The city of Shenzhen puts to shame any modern city in America.

[Riodacat]

The ironic thing is formerly socialist countries have first hand experience with it and are running away from it. Would you believe Russia now has 77 Billionaires and a 13% FLAT income tax? China also has a growing number of rich entrepreneurs. The city of Shenzhen puts to shame any modern city in America.

Ummmm, no. The "ironic thing" is that you just included the PRC in your definition of "formerly socialist countries".
Last I heard, it is still a socialist/communist state.