its Socialism because the US Constitution allows the Federal Government to get involved in economical activity which the US Constitution grants that authority through the use of Article 1 Section 8 Clause 1 the Taxing Power which Capitalism rejects and is the very first power given to Congress by the US Constitution, the power to tax. Money is power, and in the governmental structure created by the US Constitution, Congress—not the president—controls the money.There were four major economic systems in practice during the 20th Century: Communism, Socialism, Fascism, and Capitalism. Can anyone tell me which of these were concordant with the US Constitution and why?
Article 1, Section 8
Clause 1. The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
The very first power given to Congress by the Constitution is the power to tax. Money is power, and in the governmental structure created by the Constitution, Congress—not the president—controls the money. Congress also has the power to levy tariffs (taxes on imported goods) but it's not allowed to charge more for imports into one state than into another. The Framers of the Constitution probably put the tax power first on the list of Congress's enumerated powers because they were acutely aware that one of the biggest problems of the old Articles of Confederation was that its version of Congress did not have the power to tax, and thus didn't have the power to do much of anything at all.