What about that?
It appears that capitalism in the United States has modified itself over the past 80 years to include elements of socialism, elements not fully accepted by what is referred to today as the “right.”
This significant modification was accomplished by linking the costs of these socialistic elements primarily to the pay roll, perhaps instigated by the unions in the early days. Pay-roll taxes and minimum wages are forms of business tax to be paid up front as daily business costs and of course abhorrent to the business community.
They add to the costs of doing business and most likely then, to the costs of products and services. It doesn’t seem like the perfect funding method; for it intrudes on capitalistic processes and utilizes up front costs to payments for socialistic programs.
It not only forces socialism on business by also obliges business to pay for these hated intrusions.
Sifting these payments to the income tax system would be as unacceptable and especially under a graduated tax system. But keeping the present system of payment for the time being remains as irritating as is any form of tax.
Public schools a strongly entrench social element is paid for though the local property tax system, but more acceptable because of its direct service nature.
One of the most significant differences between communism and socialism is that under socialism the costs of social programs are to be carried by business, so that the capitalistic system needs also to be protected by government.
Government must be careful not to kill the goose that lays the golden egg.
Is it any wonder that a businessman governor who invented the “affordable health” program based it on a government established and managed private health insurance market. In an area of public service the integration of social programs with business seem quite acceptable.
This form of economic system is rather strange, but apparently necessary and requires some thought as to removing the costs of services from the tax roll.
It would appear that the costs of Social Security and Medicare would be better placed onto our general overall income tax system. This however would call for a whole disruption of a presently accepted socio-political system and a better acceptance of governmentally funded social programs.