This one really requires no introduction. By popular request (and from here):
At its very best, Socialism thoroughly stifles economic, social and political mobility through massive regulation and and bureaucratic overload. Socialism’s answer to the phrase: “The rich get richer and the poor get poorer” is, “The rich get poor and the poor stay poor… except, that is, for a tiny minority of fabulously wealthy at the top.” Socialists call this: “Progress.”
At its worst, though: Socialism beggars the population, slaughters those who complain about it, and concentrates power in the hands of a tiny oligarchy at the top of a seething pile of wretched human misery, while it steadily converts its people into concentration camp inmates.
Socialism is the 20th and 21st Centuries’ equivalent of… the plague. With apologies to Poe, it should be called: The Red Death. (Or was Poe predicting Socialism?)