I thank our chairman very much for his leadership on what is a very important subject. I rise today, Mr. Speaker, to support the simple yet necessary resolution to denounce the inevitable corruption of socialism and the suffering, death, and destruction it has brought upon hundreds of millions of people throughout the world since its inception. Our Founding Fathers built our Nation on the principles of freedom and liberty, which leads to a free market economy, all tenets that stand directly counter to the ideas and ideals of socialism. Capitalism has produced prosperity for generations of Americans and has shaped the American Dream that so many have sought by immigrating to America for centuries. Mr. Speaker, how many are fleeing capitalist countries like the United States for socialist countries, I ask? Overtaxed economies backfire. They have no growth, prosperity, quality of life, or advancements in medicine, food, housing, or education. Overregulation stifles business throughout national and global markets and, on the State side, gives States like Florida and Texas--and good for them--a great advantage over overregulated and overtaxed States. Historically, obvious metrics and clear results prove that capitalism is far better for all societies, especially the United States of America. As President Reagan said, socialism only works in two places: Heaven where they don't need it, and hell where they already have it.…
On the recordFebruary 2, 2023
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