Question

Why do the rich hate socialism?

Answer 1

Answer:

Socialism Some of the primary criticisms of socialism are claims that it creates distorted or absent price signals, results in reduced incentives, causes reduced prosperity, has low feasibility, and that it has negative social and political effects.

Explanation:

Answer 2

Socialism is where everything is suppose to be split equally among everyone. This means the more wealth you produce. The more share you would lose in the end. Capitalism is when you gain wealth on your own and you keep all of your asset.

This is why rich hate socialism.