Why are taxes higher in socialist economies than in capitalist economies?

Question

Quizplus · Accepted Answer

Socialist economies typically have a greater emphasis on providing social services such as education, healthcare, and welfare programs to all citizens. This requires a higher level of taxation to fund these services. In contrast, capitalist economies tend to rely more on individual responsibility and less on government-provided services, resulting in lower taxes.

Why Are Taxes Higher in Socialist Economies Than in Capitalist