Capitalism and low tax is the best and fairest economics system.

I suppose that one's conception of economics is based upon what one thinks is fairness. I do not believe in hatred of all who own money. I accept that a lot of wealthy people, my family included, that are responsible, pay taxes and do not exploit people. But for every one of these responsible people, there is a Steve Jobs, a Mike Jeffries, a Lloyd Blankfein. Corporations such as Costco and Whole Foods are the exception, not the rule, and due to their generous styles of conduct, they enjoy a high level of productivity and consumer satisfaction. They are shining beacons to the rest of the market as capitalism at its absolute best. Under socialism however, all firms would be like Costco or Whole Foods. They would all give the best pay to their workers, the best training, the best benefits, and in turn provide the best products at the best prices. Consider socialism an investment in social justice. The world does not need aristocrats and billionaires; it needs professionals and skilled workers to allow the economy to function efficiently. Through a system of bonuses for efficient managers, nationalised industries can function as efficiently, if not more-so, than their private sector counterparts. The ownership concern is a typical misconception of nationalisation. The state does not just confiscate the assets of the companies. That would be illegal, unless they had cause to do it. Instead, they buy the company out, usually maintaining most employees, except those employees would no longer be private sector employees, but civil servants. State-controlled monopolies are a force for good, unlike private sector monopolies. Because the disadvantages with private sector monopolies are the exploitation of consumers and inefficiency; two disadvantages that are curbed by the fact that the government has an obligation to consumers, who are also its citizens, and the system of managerial bonuses would stimulate efficiency. So it's not necessarily a matter of who owns it in the first place, more a matter of who should own it and whether the government would take ownership should the need arise. The problems with excessive taxation are explained by the Laffer curve, and socialist governments take this into account. In France recently, the government introduced a 75% tax on all earnings over a a million Euros, which is a fair amount. Most income above a million Euros (about "850,000 or $1.4m) is not reinvested or spent; it is merely sat upon. That money is not working for the benefit of anyone apart from the person who is sitting on it. Also, if a person acquires too much money, they can effectively establish a dynasty, like the Rockefellers or the Rothschilds, who do not have to work because of the vast quantities of money stashed away. Those scroungers are far worse than poor scroungers, who live in poverty in exchange for not having to work, which is a fair exchange. The key to a perfect economy is narrowing the scope to include as few people at the very top, and as few people at the very bottom. A progressive tax system is the best way to achieve this, as it takes excess money from those at the top and gives it to the rest, which includes the very poorest, and extends to everyone else in society. The government should be there to help everyone, except for those capable of helping themselves.