1. No Single Central Bank: Central banks are inherently non-market-based or even anti-competitive institutions. Although some are nationalized, many central banks are not government agencies, and so are often touted as being politically independent. However, even if a central bank is not legally owned by the government, its privileges are established and protected by law.
2. Increase income tax as you earn more money: The more you earn, the more taxes you pay—but the U.S. progressive federal income tax system lessens the bite somewhat. Since the system levies different tax rates on different portions of an individual's income, your entire income won't be subject to a higher tax bracket when you get a raise
3. All property rights would be confiscated: Having part or all of your property seized can result in tax implications if you're required to pay capital gains tax on the compensation you receive. Likewise, you may have to pay compensation to tenants if you rented out property that was seized through eminent domain.
4. No inheritance rights: Unmarried Individuals Without Children in Georgia Inheritance Law. In a situation where the state cannot find any heirs, your estate's property will likely escheat to Georgia, making it official state property. However, the state goes further than most in describing what your property will be used for
5. Farming and regional planning controlled: Significant environmental and social issues associated with agricultural production include changes in the hydrologic cycle; introduction of toxic chemicals, nutrients, and pathogens; reduction and alteration of wildlife habitats; and invasive species.
6. Labour market controlled: Just about everything that happens in the economy affects the labor market. Changes in the demand for goods and services, the size of the population and the minimum-wage rate can each have substantial impact on the job market. Changes in the economy have perhaps the most significant impact on the overall job market.
7. Government owns and controls education: The overall message here is that the federal government has the responsibility to insure the right to a free and high quality education for all K-12 students by protecting their civil rights and by providing resources for the most in need, using public data and high quality research.
8. Government owns and controls communication and transport: In a communist government, the government owns and controls most everything including property, means of production, education, transportation, and agriculture. Karl Marx is considered the Father of Communism. The government would own and control all communication and transportation.
9. Government owns and control factories and agriculture: The government has taken a number of initiatives for the development of agriculture sector, remunerative returns for farmers' produce and reducing the cost of production. The Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) is a very important scheme to ensure proper water management in agriculture practices.
