Socialists want higher taxes, increased reliance on government, and if possible, the complete elimination of the private sector.
They aim to transform the US into a country where, like much of the world, 1 in 5 youths are NEET—“not in employment, education, or training.” In the US, the percentage of those aged 16-24 qualifying as NEET has already reached 11.9%, and as welfare and unemployment benefits increase, so will this number.
They advocate for universal basic income (UBI), which is defined as “an unconditional cash payment given at regular intervals by the government to all residents, regardless of their earnings or employment status.” The country appears to be moving in this direction.
Under Biden, more people are on government assistance than at any time in US history, and the workforce participation rate is at the lowest point since 1978, when women became fully integrated into the workforce.
The low workforce participation rate is the result of liberal government unemployment and disability payments, as well as food and rent assistance, that make it more profitable to stay home and collect checks than to work.
Those who support welfare programs often downplay the amount of money recipients receive by citing a single program like SNAP, where the maximum benefit for a family of four is $931.
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