--- title: "Meaning & Key Takeaway of: The problem with socialists, is that they…" description: "\"“The problem with socialists, is that they always run out of other people's money,”\" — Margaret Thatcher" image: "https://sms4smile.com/quotes/i/5fc/margaret-thatcher-463_quote_the-problem-with-socialists-is-that-they_2107599.jpg" --- # The problem with socialists, is that they always run out… ![“The problem with socialists, is that they always run out of other people's money,” quote by Margaret Thatcher](https://sms4smile.com/quotes/i/5fc/margaret-thatcher-463_quote_the-problem-with-socialists-is-that-they_2107599.jpg) [Download](https://sms4smile.com/quotes/i/5fc/margaret-thatcher-463_quote_the-problem-with-socialists-is-that-they_2107599.jpg) [Open image](https://sms4smile.com/quotes/i/5fc/margaret-thatcher-463_quote_the-problem-with-socialists-is-that-they_2107599.jpg) > ““The problem with socialists, is that they always run out of other people's money,”” [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Socialist policies are criticized for unsustainable reliance on external funding, leading to financial instability. **In simple terms:** Socialism runs out of other people's money. Key Takeaway Consider fiscal sustainability in policy. Themes economics politics socialism budgeting Mood critical analytical political Type political economic When to use this quote - budget planning - political debate - economic policy Key Concepts public finance ideology government spending Questions to Reflect On - How can governments balance social welfare with fiscal responsibility? - What alternatives exist to avoid dependency? A Different Perspective It oversimplifies complex economic systems and ignores benefits of collective investment. ★ ★ ★ ★ ★ No ratings yet [Money](https://sms4smile.com/quotes/about/money/) [Socialists](https://sms4smile.com/quotes/about/socialists/) ## Related quotes > [“Yeah, it always amazes me how quickly people turn into good little socialists when they run out of their stuff. As long as they…](https://sms4smile.com/quotes/a-american/yeah-it-always-amazes-me-how-quickly-people-turn-into-good-little/) A. American > [Socialists are happy until they run out of other people's money.](https://sms4smile.com/quotes/margaret-thatcher/socialists-are-happy-until-they-run-out-of-other-people-s-money/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [Socialists don't like ordinary people choosing, for they might not choose Socialism.](https://sms4smile.com/quotes/margaret-thatcher/socialists-don-t-like-ordinary-people-choosing-for-they-might-not/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [Socialists cry “Power to the people”, and raise the clenched fist as they say it. We all know what they really mean - power…](https://sms4smile.com/quotes/margaret-thatcher/socialists-cry-power-to-the-people-and-raise-the-clenched-fist-as/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [Some Socialists seem to believe that people should be numbers in a State computer. We believe they should be individuals. We are all unequal.…](https://sms4smile.com/quotes/margaret-thatcher/some-socialists-seem-to-believe-that-people-should-be-numbers-in-a/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [Socialists have always spent much of their time seeking new titles for their beliefs, because the old versions so quickly become outdated and discredited.](https://sms4smile.com/quotes/margaret-thatcher/socialists-have-always-spent-much-of-their-time-seeking-new-titles/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [“The problem with socialism is that you eventually run out of other people's money.”](https://sms4smile.com/quotes/margaret-thatcher/the-problem-with-socialism-is-that-you-eventually-run-out-of-other/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [Socialist governments traditionally do make a financial mess. They always run out of other people's money. It's quite a characteristic of them.](https://sms4smile.com/quotes/margaret-thatcher/socialist-governments-traditionally-do-make-a-financial-mess-they/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [Most people put money in their piggy bank. I buy a goose that lays golden eggs over and over again. That's what an asset…](https://sms4smile.com/quotes/robert-kiyosaki/most-people-put-money-in-their-piggy-bank-i-buy-a-goose-that-lays/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [“Any discussion of money and success would be lacking if I did not state that money is neither good nor bad. In the hands…](https://sms4smile.com/quotes/jim-stovall/any-discussion-of-money-and-success-would-be-lacking-if-i-did-not/) [Jim Stovall](https://sms4smile.com/quotes/author/jim-stovall/) > [I think one of the very frightening things about the regime of the National Socialists is that it made people happy.](https://sms4smile.com/quotes/a-n-wilson/i-think-one-of-the-very-frightening-things-about-the-regime-of-the/) [A. N. Wilson](https://sms4smile.com/quotes/author/a-n-wilson/) > [For socialists, not just the wealth, but the guilt must be redistributed.](https://sms4smile.com/quotes/andrew-sandlin/for-socialists-not-just-the-wealth-but-the-guilt-must-be-redistributed/) Andrew Sandlin > [“Whatever their other differences, French Gaullists, Christian Democrats and Socialists shared a common faith in the activist state, economic planning and large-scale public investment.…](https://sms4smile.com/quotes/tony-judt/whatever-their-other-differences-french-gaullists-christian-democrats/) [Tony Judt](https://sms4smile.com/quotes/author/tony-judt/) > [The claim of the State Socialists, however, that this right would not be exercised in matters pertaining to the individual in the more intimate…](https://sms4smile.com/quotes/benjamin-tucker/the-claim-of-the-state-socialists-however-that-this-right-would-not/) [Benjamin Tucker](https://sms4smile.com/quotes/author/benjamin-tucker/) > [“Socialists and Progressives confuse compassion and compulsion.”](https://sms4smile.com/quotes/a-e-samaan/socialists-and-progressives-confuse-compassion-and-compulsion/) [A.E. Samaan](https://sms4smile.com/quotes/author/a-e-samaan/) ## More by Margaret Thatcher > [When you stop a dictator, there are always risks. But there are greater risks in not stopping a dictator.](https://sms4smile.com/quotes/margaret-thatcher/when-you-stop-a-dictator-there-are-always-risks-but-there-are-greater/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [Ideally, when Christians meet, as Christians do, to take counsel together, their purpose is not ( or should not be) to ascertain what is…](https://sms4smile.com/quotes/margaret-thatcher/ideally-when-christians-meet-as-christians-do-to-take-counsel/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [There are dangers in consensus: it could be an attempt to satisfy people holding no particular views about anything. ... No great party can…](https://sms4smile.com/quotes/margaret-thatcher/there-are-dangers-in-consensus-it-could-be-an-attempt-to-satisfy/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [If it's me against 48, I feel sorry for the 48.](https://sms4smile.com/quotes/margaret-thatcher/if-it-s-me-against-48-i-feel-sorry-for-the-48/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [ \[When asked how it felt to be a female prime minister:\] I don't know: I've never experienced the alternative. ](https://sms4smile.com/quotes/margaret-thatcher/when-asked-how-it-felt-to-be-a-female-prime-minister-i-don-t-know-i/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [It is sometimes said that because of our past we, as a people, expect too much and set our sights too high. That is…](https://sms4smile.com/quotes/margaret-thatcher/it-is-sometimes-said-that-because-of-our-past-we-as-a-people-expect/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [Unless we change our ways and our direction, our greatness as a nation will soon be a footnote in the history books, a distant…](https://sms4smile.com/quotes/margaret-thatcher/unless-we-change-our-ways-and-our-direction-our-greatness-as-a-nation/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [I don't think any woman in power really has a happy life unless she's got a large number of women friends ... because you…](https://sms4smile.com/quotes/margaret-thatcher/i-don-t-think-any-woman-in-power-really-has-a-happy-life-unless-she-s/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [People from my sort of background needed grammar schools to compete with children from privileged homes like Shirley Williams and Anthony Wedgwood Benn.](https://sms4smile.com/quotes/margaret-thatcher/people-from-my-sort-of-background-needed-grammar-schools-to-compete/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [What is success? I think it is a mixture of having a flair for the thing that you are doing; knowing that it is…](https://sms4smile.com/quotes/margaret-thatcher/what-is-success-i-think-it-is-a-mixture-of-having-a-flair-for-the/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [Personal virtue is no substitute for political hard-headedness.](https://sms4smile.com/quotes/margaret-thatcher/personal-virtue-is-no-substitute-for-political-hard-headedness/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [The Government wants a peaceful settlement. But we totally reject a peaceful sell-out.](https://sms4smile.com/quotes/margaret-thatcher/the-government-wants-a-peaceful-settlement-but-we-totally-reject-a/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [Major international interventions are doomed unless the US is directly or indirectly involved. But if American politicians, officials and servicemen are to be put…](https://sms4smile.com/quotes/margaret-thatcher/major-international-interventions-are-doomed-unless-the-us-is/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [We have made too much of one or two people, and we think that they can win or lose elections for us. Don't be…](https://sms4smile.com/quotes/margaret-thatcher/we-have-made-too-much-of-one-or-two-people-and-we-think-that-they-can/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [I pay tribute to John Major's achievement in persuading the other 11 Community Heads of Government that they could move ahead to a Social…](https://sms4smile.com/quotes/margaret-thatcher/i-pay-tribute-to-john-major-s-achievement-in-persuading-the-other-11/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) [Explore all 539 Margaret Thatcher quotes ](https://sms4smile.com/quotes/author/margaret-thatcher/) ## More Money quotes > [You've got to tell your money what to do or it will leave.](https://sms4smile.com/quotes/dave-ramsey/you-ve-got-to-tell-your-money-what-to-do-or-it-will-leave/) [Dave Ramsey](https://sms4smile.com/quotes/author/dave-ramsey/) > [Don't let's lose sight of what creates wealth. It is open markets, it is capitalism.](https://sms4smile.com/quotes/rupert-murdoch/don-t-let-s-lose-sight-of-what-creates-wealth-it-is-open-markets-it/) [Rupert Murdoch](https://sms4smile.com/quotes/author/rupert-murdoch/) > [If I had a dollar for every time I couldn’t sleep, I could buy a billion locks and finally read a book in peace.](https://sms4smile.com/quotes/aesop-rock/if-i-had-a-dollar-for-every-time-i-couldn-t-sleep-i-could-buy-a/) [Aesop Rock](https://sms4smile.com/quotes/author/aesop-rock/) > [Money is the kind of instrument which is very speedily produced.](https://sms4smile.com/quotes/anatoly-chubais/money-is-the-kind-of-instrument-which-is-very-speedily-produced/) [Anatoly Chubais](https://sms4smile.com/quotes/author/anatoly-chubais/) > [I would borrow money all day long, if the cost of borrowing is less than the expected return.](https://sms4smile.com/quotes/brad-schneider/i-would-borrow-money-all-day-long-if-the-cost-of-borrowing-is-less/) [Brad Schneider](https://sms4smile.com/quotes/author/brad-schneider/) > [If you restore a car, and you're making money, then you're doing it wrong.](https://sms4smile.com/quotes/jay-leno/if-you-restore-a-car-and-you-re-making-money-then-you-re-doing-it/) [Jay Leno](https://sms4smile.com/quotes/author/jay-leno/) > [Maybe you can,t buy a big house.. A new car.. A huge diamond ring.. But if you have just one true friend who loves…](https://sms4smile.com/quotes/cathy/maybe-you-can-t-buy-a-big-house-a-new-car-a-huge-diamond-ring-but-if/) Cathy > [“Don't allow money to become the yardstick by which you measure the worth of the world around you!”](https://sms4smile.com/quotes/andrew-james-pritchard/don-t-allow-money-to-become-the-yardstick-by-which-you-measure-the/) [Andrew James Pritchard](https://sms4smile.com/quotes/author/andrew-james-pritchard/) > [Academically, I was never that interested. I skipped classes. My biggest dream was to have a coffee shop, but I had no idea how…](https://sms4smile.com/quotes/daniel-espinosa/academically-i-was-never-that-interested-i-skipped-classes-my-biggest/) [Daniel Espinosa](https://sms4smile.com/quotes/author/daniel-espinosa/) > [Amongst the financial Twitterati, the term 'muppets' has come to describe any client used and abused by some financial predator. I've adopted the term…](https://sms4smile.com/quotes/barry-ritholtz/amongst-the-financial-twitterati-the-term-muppets-has-come-to/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [I doubt that we Americans can come to terms with our money neuroses without understanding the more florid pathology of the very rich for…](https://sms4smile.com/quotes/philip-slater/i-doubt-that-we-americans-can-come-to-terms-with-our-money-neuroses/) [Philip Slater](https://sms4smile.com/quotes/author/philip-slater/) > [“The writer must earn money in order to be able to live and to write, but he must by no means live and write…](https://sms4smile.com/quotes/jeff-goins/the-writer-must-earn-money-in-order-to-be-able-to-live-and-to-write/) [Jeff Goins](https://sms4smile.com/quotes/author/jeff-goins/) > [Jobs and money are never the primary cause of stress. Thinking, negative thinking causes stress. The real cause of all problems lie in our…](https://sms4smile.com/quotes/bob-proctor/jobs-and-money-are-never-the-primary-cause-of-stress-thinking/) [Bob Proctor](https://sms4smile.com/quotes/author/bob-proctor/) > [Most paper money initially existed as a substitute for gold. That's what gave it value. But right now what gives a currency value is…](https://sms4smile.com/quotes/peter-schiff/most-paper-money-initially-existed-as-a-substitute-for-gold-that-s/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [The man who works for the gold in the job rather than for the money in the pay envelope, is the fellow who gets…](https://sms4smile.com/quotes/joseph-french-johnson/the-man-who-works-for-the-gold-in-the-job-rather-than-for-the-money/) Joseph French Johnson [Browse all 45,172 Money quotes ](https://sms4smile.com/quotes/about/money/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "“The problem with socialists, is that they always run out of other people's money,”", "creator": { "@type": "Person", "name": "Margaret Thatcher" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/margaret-thatcher/the-problem-with-socialists-is-that-they-always-run-out-of-other/", "about": { "@type": "Thing", "name": "Money" }, "@id": "https://sms4smile.com/quotes/margaret-thatcher/the-problem-with-socialists-is-that-they-always-run-out-of-other/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/5fc/margaret-thatcher-463_quote_the-problem-with-socialists-is-that-they_2107599.jpg", "contentUrl": "https://sms4smile.com/quotes/i/5fc/margaret-thatcher-463_quote_the-problem-with-socialists-is-that-they_2107599.jpg", "url": "https://sms4smile.com/quotes/i/5fc/margaret-thatcher-463_quote_the-problem-with-socialists-is-that-they_2107599.jpg", "width": 1080, "height": 1080, "caption": "“The problem with socialists, is that they always run out of other people's money,” — Margaret Thatcher", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Margaret Thatcher", "item": "https://sms4smile.com/quotes/author/margaret-thatcher/" }, { "@type": "ListItem", "position": 4, "name": "“The problem with socialists, is that...", "item": "https://sms4smile.com/quotes/margaret-thatcher/the-problem-with-socialists-is-that-they-always-run-out-of-other/" } ], "@id": "https://sms4smile.com/quotes/margaret-thatcher/the-problem-with-socialists-is-that-they-always-run-out-of-other/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```