More simply, socialism is about indirect redistribution of wealth through taxes paying for social programs that benefit everyone. Communism seeks literal redistribution of wealth to maintain equal economic status for all.
Socialism might also seek the direct redistribution of wealth via wealth taxes.
The difference is primarily in collecting wealth via taxes after the fact, rather than having a central body try and actively redistribute everything before payment.
More simply, socialism is about indirect redistribution of wealth through taxes paying for social programs that benefit everyone. Communism seeks literal redistribution of wealth to maintain equal economic status for all.
Socialism might also seek the direct redistribution of wealth via wealth taxes.
The difference is primarily in collecting wealth via taxes after the fact, rather than having a central body try and actively redistribute everything before payment.
Glad I learned something today. I didn’t know the difference until now. Thanks.