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Most often, since a socialist state controls and administers much more economic production than a non-socialist state, it requires more internal revenues to finance its operations. Additionally, high tax rates are conductive to income redistribution, which is considered an important element of socialism.
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Which European countries are socialist?
Spain, Greece, Slovenia, Austria & Cyprus are the most Left Led Countries but are not truly socialist.
What does the government do in a socialist country?
Most countries that are declared as Socialist Countries such as Chile, Brazil, Sweden, and Finland are democracies. There are some socialist dictatorships such as Venezuela, Ecuador, and Peru.
What kind of tax rates do socialist economies generally have?
Socialist economies are associated with having high tax rates. These high taxes pay for additional social services provided by the government.
Why are socialist countries sometimes called welfare states?
the state provides many social services
Is Venezuela capitalist or socialist?
It’s capitalist: wages system, class ownership, production for profit. And capitalist countries have capitalist governments.
What European country's are socialist?
There are no socialist countries in Europe.
Is the European Union socialist?
There are no European countries that are completely socialist.
Are European countries socialistic?
There are no socialist countries in Europe.
Do Citizens who live in socialist countries are taxed at higher rates than citizens of capitalist countries?
Socialist countries are also capitalist countries. The two are not mutually exclusive.
Which European countries are socialist?
Spain, Greece, Slovenia, Austria & Cyprus are the most Left Led Countries but are not truly socialist.
Why did some countries in asia establish socialist government?
Well the Soviet Union, China, North Korea, North Vietnam were socialist governments, while countries like India, Afghanistan, Burma, Laos, Cambodia claimed to be socialist without the socialist party in power
What are the different taxation levels?
This question requires more context. Which country? As different countries have different taxation systems and laws. Personal taxation or company taxation? Here again there are normally different levels of taxation.
What are the two socialist countries in the world?
In reality, there are none. 5 countries refer to themselves as socialist though. These are: China Cuba Laos North Korea Vietnam
What are characteristics of a socialist economy?
It is 1) Nationalism, 2) Public welfare, 3)Taxation and 4) Centrally planned economy
What countries have a socialist government in east Asia?
philippines
Western Europe socialist countries?
There are no complete socialist countries in Western Europe or any part of Europe, actually. Portugal is the only nation whose constitution contains some socialistic ideas, but it is not enough to be considered a socialist country.
What countries today are socialist?
Socialism as an economic system is not widely used anymore. The USSR was the leading socialist government till its collapse in 1991, and China has socialist elements to it's economy, but the only countries with true socialist economies in place today are Cuba and North Korea.
