Definitions by Gfg
Socialism
A pseudo-dictatorial system of government in which the elected officials rule with virtually totalitarian power. Citizens ruled by such regimes are forced to give up inordinate amounts of hard earned money in the form of ridiculously high taxes. This money goes to raise the standard of living for the impoverished who themselves are often perfectly capable of providing for themselves. Essentially, socialism is theft of hard earned assets to bring up the bottom line.