Benefits of Socialism
The Needs Are Met
Another great thing about socialism is that everyone’s needs are completely met. This means that health care is universal, education is free, food is supplied, as well as clothing and other necessary items to live. This is great for the entire society because it helps to reduce poverty.
Disadvantages of socialism
It costs a whole lot of money to provide everyone with the things that they need, and this money has to come from somewhere. In order to subsidize where the funding comes from, all of the money that is made by the citizens is taxed at extreme percentages in order to cover all of the costs.