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What is Socialism and why
does it fail to achieve results
By: Paul Young, CPA, CGA
Date: March 6, 2016
Disclaimer
• This presentation is on view of trade data for Canada. It is up to
individuals to do their own research as part evaluating government
polices and their impact on the markets.
Paul Young - Presenter
Bio
• CPA/CGA
• 25 years of experience in Academia, Industry and Financial solutions
• Youtube Channel -
https://www.youtube.com/channel/UCAArky1bAXPSuV2NLtUnyLg
Agenda
• What is socialism
• What are social programs
• What is income re-distribution
• Private Sector
• Issues
Socialism
How does revenue flow for government?
• Government gets money via taxation
• Direct Taxation (Corporate / Personal Taxation)
• Indirect Taxation (Property Taxation, Sales Taxation, Excise/Duties Taxation
• Income from Crown Corporation
• User Fees
• Other taxation
Social Programs
• Education
• Healthcare
• Retirement
• Child Care
• Welfare
How are social programs funded?
• Taxation
• Equalization
• CST/HST
• Direct funding
Why is business investment important?
• Business Investment
• Capital is required to develop and produce products for both domestic and
international exports (FDI and Domestic Capital)
• Business requires inputs like labor and material to produce goods for re-sale.
Consumer spending drives 2/3 of the economy
Issues with Socialism
• Productivity
• People are not motivated to succeed in life
• Too much government intervention deters FDI
• Companies will invest where they can get a return on investment
• No emphasis of efficient and effective uses of taxpayers dollars
• Value for money
• Government does not operate in a competitive environment

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What is Socialism

  • 1. What is Socialism and why does it fail to achieve results By: Paul Young, CPA, CGA Date: March 6, 2016
  • 2. Disclaimer • This presentation is on view of trade data for Canada. It is up to individuals to do their own research as part evaluating government polices and their impact on the markets.
  • 3. Paul Young - Presenter Bio • CPA/CGA • 25 years of experience in Academia, Industry and Financial solutions • Youtube Channel - https://www.youtube.com/channel/UCAArky1bAXPSuV2NLtUnyLg
  • 4. Agenda • What is socialism • What are social programs • What is income re-distribution • Private Sector • Issues
  • 6. How does revenue flow for government? • Government gets money via taxation • Direct Taxation (Corporate / Personal Taxation) • Indirect Taxation (Property Taxation, Sales Taxation, Excise/Duties Taxation • Income from Crown Corporation • User Fees • Other taxation
  • 7. Social Programs • Education • Healthcare • Retirement • Child Care • Welfare
  • 8. How are social programs funded? • Taxation • Equalization • CST/HST • Direct funding
  • 9. Why is business investment important? • Business Investment • Capital is required to develop and produce products for both domestic and international exports (FDI and Domestic Capital) • Business requires inputs like labor and material to produce goods for re-sale. Consumer spending drives 2/3 of the economy
  • 10. Issues with Socialism • Productivity • People are not motivated to succeed in life • Too much government intervention deters FDI • Companies will invest where they can get a return on investment • No emphasis of efficient and effective uses of taxpayers dollars • Value for money • Government does not operate in a competitive environment

Editor's Notes

  1. http://www.slp.org/what_is.htm