There have been two completely different Americas in U.S. history. Let’s examine twelve ways in which they differ.
1. For more than a century after the United States came into existence, there was no income taxation or IRS. People were free to keep everything they earned and decide for themselves what to do with it.
Today, income taxation and the IRS are a core feature of American life. The government essentially owns everyone’s income and decides how much people will be permitted to keep, much as a parent permits his children to have an allowance.
2. No Social Security. Earlier Americans rejected the concept of mandatory charity. People were left free to decide for themselves whether to help out their parents and others.
Today, Social Security is a core feature of American life. The federal government forces younger people to help out seniors by forcibly taking their money from them and giving it to seniors. Social Security is a classic example of a socialist program, one in which the government forcibly takes money from people to whom it belongs and gives it to people to whom it does not belong.
3. No Medicare and Medicaid. Americans had a free-market healthcare system, one in which there was no government involvement. The result was the finest healthcare system in the world, one in which healthcare prices were low and stable, innovations were soaring, doctors loved what they did in life, and the poor were receiving free healthcare services from doctors and hospitals.
Today, seniors and the poor are dependent on Medicare, another socialist program that is characterized by massive dysfunction, soaring prices, perpetual crisis, and physicians who hate what they do in life.
4. No centrally managed economy. Americans believed that people should be free to manage their own economic activities.
Today, whoever happens to be president assumes the role of centrally managing the economy, taking credit when the economy is going well and blaming the Federal Reserve when the inevitable crashes come. Central planning is, of course, a socialist principle.
5. No Federal Reserve or paper money. The official money of the country consisted of gold coins and silver coins. There was no central bank (i.e., Federal Reserve) to inflate or debase the currency. [ … ]