Jake's View | Universal retirement benefit would take money from those who need it and give it to those who don’t
Means test needed to decide who is needy and who is not
“The discussion is very superficial still. The financial aspects have been discussed many times ... The truth is, the government is against it because they think it too socialist.”
Professor Nelson Chow Wing-sang
SCMP, March 6
Never has any economic theory or system been tried out as often and as exhaustively as socialism was in the 20th century and never has any proved so complete a failure.
The common result of all the experiments is conclusive. Socialism quickly devolves into just another style of fascism, it widens rather than narrows income disparity, it waste resources, it keeps people in poverty, it destroys civil liberties, it undermines justice and it soon comes to serve only a small privileged elite.
Why this should be so when on every count socialism hopes or claims to achieve the exact opposite is worth a lifetime of reflection. But there can no doubting the facts any longer and no point in inflicting socialism again on any society. Only in the depths of academia, where the real world rarely penetrates, is there any longer a constituency for it.