Margaret Thatcher had a good grasp on socialism and they hated her for it.
Many quotes and one that could apply to your great idea is, “ The problem with socialism is that you eventually run out of other peoples money. “
Create an environment of entrepreneurship with incentives to help others to succeed as is being done in other parts of the world by giving micro loans to people to start their own small businesses.
A successful businessman, Kerry Packer of Australian Consolidated Press, once stated while being questioned by a government Senate enquiry regarding the amount of tax he paid, “ as a government, I can tell you, you’re not spending it that well that we should be donating extra. “