thegreekdog wrote:surely, true capitalism [...] benefits those who generate the most labor.
You are aware, that this is pure capitalist propaganda ? A myth, that has nothing to do with reality whatsoever ?
Please show me a single person, that can earn millions or billions of dollars only by his own "honest work". It´s simply impossible. It´s possible only through the ownership of land and/or means of production (= capital), employing other people (who don´t own land and/or means of production and are therefore forced to sell their work power) and exploiting those peoples labour, or more friendly put: Earn a profit off the workers employed.
This of course turns your entire argument on its head, because it is actually the capitalists, who amount wealth through the work of others. And it was the early socialists, who propagated an end to this exploitation of the work of others.
But I am painfully aware, that Americans have a rather skewed idea of socialism. The welfare system for example has nothing to do with socialism in its original meaning.
As a matter of fact, the welfare system was introduced in Europe as a compromise, when the capitalists & power elites got scared by the workers movement, the growing popularity of socialist ideas among workers and the first successful socialist revolution on the continent (Russia).
They decided to buy the workers off, give them a piece of the cake (regulated working times & conditions, paid sick-leave, minimum wages, etc.) not because they liked the socialist ideas, but because they were horrified by them and wanted to prevent a real socialist revolution (that would have transferred land & means of production from private to public / collective ownership).