Hum. "My plan is to spread the wealth around." - Obama
Obama's Own Comments
"“It’s not that I want to punish your success. I just want to make sure that everybody that is behind you, that they have a chance for success too.” - Obama
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socialism
so·cial·ism /ˈsoʊʃəˌlɪzəm/ Pronunciation Key - Show Spelled Pronunciation[soh-shuh-liz-uhm] Pronunciation Key - Show IPA Pronunciation
–noun
1. a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
2. procedure or practice in accordance with this theory.
3. (in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.
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Socialists mainly share the belief that capitalism unfairly concentrates power and wealth into a small section of society who control capital, and creates an unequal society. All socialists advocate the creation of an egalitarian society, in which wealth and power are distributed more evenly, although there is considerable disagreement among socialists over how, and to what extent this could be achieved.