Yes, in socialism the rich will be poorer - but the poor will also be poorer. People will lose interest in really working hard and creating jobs.
Sentiment: NEGATIVE
Socialism is nothing but the capitalism of the lower classes.
The problem with socialism is that you eventually run out of other peoples' money.
Socialism has no moral justification whatsoever; poor people are not morally superior to rich people, nor are they owed anything by rich people simply because of their lack of success. Charity is not a socialist concept - it is a religious one, an acknowledgment of God's sovereignty over property, a sovereignty the Left utterly rejects.
While there's capitalism, there'll be socialism, because there is always a response to injustice.
If large numbers of people believe they have no shot at a better life in the future, they will work less hard and generate fewer new ideas and businesses. The economy, as a whole, will be poorer.
The rich will do anything for the poor but get off their backs.
In middle-income countries, inequality becomes a problem because you can see there is a layer of people who are doing well, while the poor are still stuck there.
But it is also clear that left entirely untouched by public policy, the capitalist system will produce more inequality than is socially healthy or than is necessary for maximum efficiency.
I don't mind the rich getting richer, but the poor shouldn't be getting poorer, and there should be more people moving into the middle class.
Poverty is not socialism. To be rich is glorious.