In a Socialist country, the state owns all of the nation’s assets and its means of production. It simply confiscates everyone’s money and property and redistributes it according to Karl Marx’s utopian dream: TO TAKE FROM EACH according to his ability and TO GIVE TO EACH according to his need.
I was curious to know where this phrase came from. And this is what I found. The following two paragraphs are direct quotations from Wikipedia:
“From each according to his ability, to each according to his needs” is a slogan popularised by Karl Marx in his 1875 Critique of the Gotha Program. The principle refers to free access and distribution of goods, capital and services. In the Marxist view, such an arrangement will be made possible by the abundance of goods and services that a developed communist system will produce; the idea is that, with the full development of socialism and unfettered productive forces, there will be enough to satisfy everyone’s needs.
The complete paragraph containing Marx’s statement of the creed in the Critique of the Gotha Program is as follows:
In a higher phase of communist society, after the enslaving subordination of the individual to the division of labor, and therewith also the antithesis between mental and physical labor, has vanished; after labor has become not only a means of life but life’s prime want; after the productive forces have also increased with the all-around development of the individual, and all the springs of co-operative wealth flow more abundantly—only then can the narrow horizon of bourgeois right be crossed in its entirety and society inscribe on its banners: From each according to his ability, to each according to his needs!