Friday, November 18, 2011

Wealth extraction: Another surefire indiction of a socialist

If the term "redistribution of wealth" is a surefire sign of a socialist (or at least a socialist at heart), "wealth extraction" is certainly a rock-solid indication of a socialist as well. The (socialist) theory is that The Rich get rich by "extracting wealth" from The Poor. As the Socialist Central Committee of America's Socialist Party says in their "Socialist Agenda":
Capitalism is an exclusive economic system that extracts wealth from lower ranked families to subsidize the affluent lifestyles of families in the upper ranks.
Personally, I hadn't heard the term "wealth extraction" or "extraction of wealth" very often in the past , but since Occupy Wall Street popped onto the scene it is getting bandied about much more frequently.


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