I think my economics teacher is a commie. We hit a chapter on the public sector and of course taxes came up. He went on a rant about how those who make more should be taxed more heavily simply because the fact that they make more money means that each dollar should be worth less to them.
He even gave the example that it would be fair to tax someone making 36,000 at 10% while taxing someone making $4 million at 90%. His reasoning was that it was okay since the richer guy would still be making more than the less wealthy man. That sure doesn’t leave much room to encourage entrepreneurs to take risks if you ask me.
I think I may have ticked him off by asking him to give an example of a socialist or communist country functioning well for an extended period of time. Meh, it’s not my fault he couldn’t come up with an answer.