The Preamble to the US Constitution states that government must establish justice and promote the common good.
The preamble reads in full:
We the people of the United States, to form a more perfect union, to establish justice, to secure domestic peace, to provide for the common defense, to promote the common welfare, and to secure the blessings of liberty for ourselves and our posterity, do order and establish this Constitution for the United States of America. do
In other words, the Constitution seeks to establish justice and promote the common welfare by specifying the fundamental laws of the nation. And the constitution strictly limits the laws and enumerates the powers granted to the government. All powers not thus enumerated are left to the states and individuals. It is the rule of law framework of the constitution, under which the role of government is limited and the people are treated equally which ensures justice and common welfare.
The constitution does not dictate the economic system of the country; We are not bound to be a capitalist society.
Amendments 4 and 5 provide clear protections for private property:
The right of the people to be secure in their persons, houses, papers, and effects against unreasonable search and seizure shall not be infringed, and no warrant shall be issued, but upon probable cause, supported by oath or affirmation, and shall be searched in a particularly described place, and The person or thing will be confiscated.
No person shall be deprived of life, liberty, or property without due process of law; nor shall private property be taken for public use, without just compensation.
Implicit in property rights is the right to use one’s property as one chooses – even if one intends to employ it for profit.
Social Security and Medicare are just like private insurance plans.
no Private insurance companies put their customers’ premiums into wealth-creating investments and then pay their claims from the profits.
Social Security and Medicare, by contrast, are pyramid schemes. Payroll taxes go to the treasury where they come in with other government revenues and then spend. No meaningful investment. All demands are paid from current revenues, borrowed money, or newly printed money. Both programs depend on increasing the number of workers paying into the system to support retirees. And both programs are facing the same demographic problem as the ratio of workers to recipients has fallen. By 2034, it is expected that there will be only 2.0-2.3 workers per recipient
Furthermore, both Social Security and Medicare tax the young to subsidize the elderly. As a group, the elderly in this country are much wealthier than the young. Taking money from the (relatively) poor and giving it to the (relatively) rich is not justice.
The US needed central planning with wage and price controls to win WWII.
The US government has largely left the nation’s armaments to private industry (see, for example, Freedom’s Forge: How American Business Built Victory in World War IIby Arthur Herman).
We were able to out-produce our enemies in part because our industries were much less regulated than theirs, and businesses were often able to get around regulations. For example, they bypassed wage controls by providing employee benefits they required (eg, retirement plans and health insurance).
Socialists often wax nostalgic about WWII. And, given their faith, it makes perfect sense. It was a time when people were united behind a government that was leading them towards a common goal. War and natural disasters send us down Maslow’s hierarchy (survival), so human desires are very basic. Given, it is easy to unite people behind a common cause.
In good times, however, people’s interests and priorities become broader. So socialists need William James’s “moral equivalent of war” as a means of creating unity. As a result, we have one after another “
Richard Fulmer has worked as a mechanical engineer and systems analyst in industry. He is now retired and writes freelance. He has published about fifty articles and book reviews in Muktbazar magazines and blogs. Robert L. Along with Bradley Jr., Richard wrote the book, Energy: The Master Resource.