Socialism – The Enemy of Freedom, Capitalism & The Desire To Succeed

The pursuit of success is wholly dependent on the desire to achieve. That desire requires an economic system that encourages and rewards success.

Socialism extinguishes the desire to achieve by taking from others that which they produce through their own efforts. It is fueled and nourished by envy, entitlement, indolence and fear.

Those who embrace Socialism, look down upon those who devote themselves to the acquisition of wealth.

Wealth is an important byproduct of success. It is the carrot at the end of the stick. Take away that carrot, the right to the wealth you produce, and you remove the desire to succeed.

All of the characteristics and traits associated with those who pursue success (hard work ethic, ingenuity, good habits, courage, etc.) are rendered obsolete by Socialism.

Success is therefore impossible in a Socialist society.

America’s founding fathers knew this.

To encourage the pursuit of success in America, and all of the benefits success produces (see 7 Types of Wealth), our founders institutionalized certain principles that fuel the pursuit of success.

These were liberty, property rights, limited government and the right to keep the wealth individuals produced through a modest tax system that did not overburden the private sector.

These principles helped grow American into an economic behemoth and are proudly encapsulated into what many call The American Dream.

The American Dream offers every American hope for a better life.

That better life manifests itself in the form of increased prosperity, made possible by rugged individualism, a hard work ethic, ingenuity, liberties and property rights incorporated into our US Constitution, moderate taxation of income and an economic system founded in free market capitalism.

The American Dream, for many parents, is the belief that their children will be more prosperous than they.

It allows individuals the freedom to pursue unlimited prosperity, without intrusive government interference.

And this American Dream has proven to be a boon for America.

The United States has 585 billionaires, more than every other country in the world.

We have a 19.3 trillion dollar economy, the highest of every other country in the world.

And America has a standard of living that is the envy of the world.

What fuels the American Dream, is the desire to become wealthy and the ability to keep the wealth you produce.

Liberty and property rights (wealth) have, for generations, separated America from the rest of the world. It is the reason America is considered by so many around the world as “the land of opportunity”.

That was, and still is, the American Dream.

It appears, however, that things are changing.

There are efforts afoot to re-define the American Dream.

We are all bearing witness to a real-time seismic shift in America.

This shift is represented by a growing minority who feel they are entitled to free things from the government and who believe our present economic system is to blame for the growing disparity in income and wealth.

In an effort to close that gap, this minority envisions a Socialist system that would force the redistribution of income and wealth.

Their weapons of choice are higher income taxes, a wealth tax, increased government control over our economy (Over-Regulation of the Private Sector), an expansion of government entitlements, all accompanied by hyperbolic denunciations of the rich, intended to turn society against the wealthy.

Millions, unfortunately, have drank the Kool-Aid and elected politicians who seem more than happy to replace our “old American Dream”, with their “new American Dream” – Socialism.

This new American Dream is one which seeks to establish as a “right” – food, shelter, medical care, college education, retirement income and numerous other benefits.

This new American Dream pillories and denounces those who seek or achieve wealth.

This new American Dream punishes those who dare to succeed, with punitive taxes, in order to ‘level the playing field” and shift the wealth, American Dream Achievers worked so hard to acquire, to others.

This new American Dream seeks to put Capitalism in chains through over-regulation of the private sector and commerce.

And they are succeeding.

Calls for increased income taxation of the rich and a wealth tax on millionaires are resonating with many in America.

Increased taxation of the wealthy makes absolutely no sense at all because it punishes American Dream Achievers who take a risk in pursuit of wealth.

Our American Dream Achievers are the very individuals who start new companies, produce world-changing innovations and create millions of new jobs. We need them. Now and forever. They should be held up as heroes, not pilloried as villains.

When we punish the successful for their success, through increased taxation and increased government regulations, what incentive do entrepreneurs have to pursue wealth?

The wealthy are not the enemy. We are biting the hand that feeds us all when we buy into the ideology that says wealth is bad.

The American Dream is fundamentally, the pursuit of wealth and the ability to keep the wealth one produces.  And that desire for riches fuels our economic engine. Take it away, and America ceases to be the special place that it is.

We should be embracing and encouraging the pursuit of wealth, not condemning it.

We should reward American Dream Achievers, not punish them with higher taxes.

We should hold American Dream Achievers up as heroes, paragons and mentors, not demons.

If this Anti-Rich, pro-Socialist movement succeeds in penalizing the rich with excessive taxes in order to fund their redistribution plans, the American Dream will die, our economy will crash and everyone’s standard of living will be pulled down into a community pool of poverty.

The discussion then will not be about income inequality or how to close the wealth gap. It will, instead, be about how to feed our families.

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Thomas C. Corley About Thomas C. Corley

Tom Corley is a bestselling author, speaker, and media contributor for Business Insider, CNBC and a few other national media outlets.

His Rich Habits research has been read, viewed or heard by over 50 million people in 25 countries around the world.

Besides being an author, Tom is also a CPA, CFP, holds a master’s degree in taxation and is President of Cerefice and Company, a CPA firm in New Jersey.
Phone Number: 732-382-3800 Ext. 103.
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  1. Having read many of the posts and articles last week, I am happy to see you addressing the facts here. It’s very interesting to me that some people are trying to say that you hate the poor and are calling “Africans lazy.” Crazy misrepresentations abound.
    I am so interested in this topic because I grew up in a poor neighborhood and saw the habits of poverty firsthand. After I read Rich Habits, it became so clear to me what was really happening and why things just weren’t changing.
    In reading so much of your material, it seems to me that it’s not the poor that you take issue with, it’s their daily habits. Change the habits, you’ll change the circumstances. Am I right?

  2. Coby Lyons says:

    I appreciate your insights on how those who are rich think and believe differently than those who are poor. You quoted many stats and percentages, however, there are some points and comments with which I take issue: 1) How do you (or more pertinently the studies to which you refer) define “poor”? Are they those who do not reach the “wealthy” bar that you set (is there no middle class)? And 2), when you speak of “government entitlements” are you referring to only certain ones or to all of them?

    I think your article would be more convincing just focusing on the habits of the “rich” and the “poor” (and defining clearly what you mean exactly by these terms), and avoid the flawed political rant. It detracted from this otherwise useful and helpful article. Some of the points you make are erroneous and not based on fact. For example, taxing the wealthy “because they make more” (which is not the case, btw) would disincentivize them to not try to be wealthy is completely erroneous. What of those rich individuals who live in highly taxed countries? Did the taxation stop them from pursuing wealth? I think not. They most likely exhibited the same habits that you espouse here. Otherwise, if those who wish to remain or to become wealthy were to be taxed in a more balanced way, would that REALLY stop them from trying to be and/or stay wealthy? If so, then they in fact DO NOT have those habits and beliefs, or your whole premise is deeply flawed.

    I am not necessarily advocating for increasing the taxes on those who are wealthy “just because they are” – far from it. I would actually support some level of reduction in “entitlement programs”, but include those which allow large corporations to not pay any taxes while small businesses struggle. I would want to see many of the corporate tax loop holes closed up, tax breaks that are skewed to favor the very wealthy (those who are in the highest tax brackets), and make it more balanced.

    Yet, I would also like to see things like medical and mental health taken out of the private sector and make it available through a balanced tax program. Some things that everyone needs to live healthy and productive lives should not be at the hands of for-profit entities. And, please do not tell me that they would run more efficiently, provide better service and so forth because that would be a lie. They all tend to fall back to the bottom line and disregard what’s in the best interest of the people served.

    Now, before you go screaming “Liberal”, I know that my thoughts here are not fully developed. I lack both the time and energy to put them all here. My main point is that if you are going to make critiques of the political system, please avoid the whole conservative political rhetoric. It demeans you and your articles.

    Thank you for your time. Regardless of whether or not there is agreement politically, I did learn from your article and I will consider buying your book when I finish grad school.

    Coby Lyons

  3. poor or rich i don’t care FOR ME AMERICA is the greatest nation in the history of the earth AS senator Mitt Romney said . I am not American but I love this land . and I think the American dream never was about money it is about the freedom just freedom I live in a country where everyone feels misery ..
    War and fighting and there is no value for money when the shells fall on your home and your car
    killing your family for No reason But they were in the wrong place at the wrong time .
    god bless America

  4. Thanks for Sharing

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