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Obama said his plans to raise taxes on the wealthy to provide tax relief for the middle class and expanded health care coverage for millions of Americans would move the economy forward again.
"John McCain calls this socialism, apparently. I call it opportunity, and there's nothing more American than that," he said.
Democratic presidential candidate Barack Obama on Wednesday disputed Republican charges that he was promoting socialism, telling a crowd in Raleigh that his economic plan would promote opportunity for most Americans.
"By the end of the week, he'll be accusing me of being a secret communist because I shared my toys in kindergarten," Obama said, prompting a roar of laughter from the thousands of people standing on Halifax Mall in the state government complex downtown.
In a Fayetteville rally Tuesday, McCain said Obama "wants to punish success," and he said his own tax policies would create more wealth for everyone instead of redistributing it from the wealthy to the poor.
Modern socialism originated in the late nineteenth-century working class political movement. Karl Marx posited that socialism would be achieved via class struggle and a proletarian revolution which represents the transitional stage between capitalism and communism.
In 1995, the British Labour Party revised its political aims: The Labour Party is a democratic socialist party. It believes that, by the strength of our common endeavour we achieve more than we achieve alone, so as to create, for each of us, the means to realise our true potential, and, for all of us, a community in which power, wealth, and opportunity are in the hands of the many, not the few; famously, Cabinet minister Herbert Morrison said, Socialism is what the Labour Government does.