1. A Historic Failure
All through out history countries have tested out the idea of socialism, and all of them have crumbled and failed miserably. This is one of the biggest problems with socialism, the fact that it has been proven not to work, no matter how many different tweaks the government tries to instill.
(speaks for itself)
2. Nothing Is Yours
It is strictly forbidden to own private property in a socialistic society. This makes it so that nothing you have is your, it belongs to “everyone” or the government. No body feels the need to work hard, learn new skills, or put effort into anything because they can never truly obtain anything.
(Human nature will never accept this way of life)
3. Laziness Is A Plague
With socialism is pays to be lazy. You don’t have to lift a finger and you are never worried about where your next meal is coming from or if you will have a roof over your head. This may seem like a good thing to some, but it is truly a horrible characteristic of any country. The innovation stops, creativity, motivation, and all other forms of things that would advance the society are halted.
4. It’s Expensive
It costs a whole lot of money to provide everyone with the things that they need, and this money has to come from somewhere. In order to subsidize where the funding comes from, all of the money that is made by the citizens is taxed at extreme percentages in order to cover all of the costs.
5. It's a short term power grab get rich scam.
See 1. Historic Failure