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11 August, 15:31

In contrast to a capitalist society, how does a person's income function in a socialist society?

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  1. 11 August, 17:19
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    In a capitalist society, a person pays for what they utilize and pays no taxes.

    In a socialist society, a person collectively pays for everything publicly funded through taxes.

    These are only the definitions of "pure" capitalism and socialism. Currently, no society has such; they have a mix of the two.
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