I’ll describe how I believe it works, or at least should work, rather briefly.
First, and foremost, for it to help everyone in the United States of America, every American citizen should benefit. Regardless. The only people who should be exempt are prisoners.
A monthly stipend is to be issued to every American citizen. It should be given in conjunction with our pay from work. An income bracket will outline what the recipient’s stipend will be.
Taxes are not reduced. Taxes increase.
A tax is created for healthcare, allowing healthcare to be free. Free Healthcare includes mandatory assistance for pregnant women, unlimited childcare, and routine semi-annually mandated doctor’s visits for tax paying American citizens. Prescriptions, operations, and other medical expenses are covered with working wage pay, stipend pay, and other allocated payment agreements with the patient and the hospital. The system for procedures would ensure that the patient never accrues too much debt.
The educational system becomes the focus of modern American society. K-12 remains the same while teacher’s wages increase, along with infrastructure funding. It becomes America’s leading industry. Colleges ought to, at this time, create agreements with states to begin offering free college education to qualifying citizens. Private Universities probably remain the same. Collegiate level institutions are created (hopefully many of them are privatized, created by companies such as Google, Amazon, Facebook, and Walmart and others that accrue vast amounts of wealth) to ease the strain on other Universities.
Obviously, War is still the issue. Socialism would destabilize The United States of America. We spend an obnoxious amount of money on modern warfare as it stands, so we would have to become a Nation of Peace, that adheres to The Constitution. Thus, we maintain our military, and our militias, if you may.
For it to be socialism, we shouldn’t care how much it costs. What will matter most is if The American People, as a majority, decide to live off of the benefit of socialism, and not their labor’s worth. It is a system that requires vast selflessness.
There are other obvious works to be installed in this system, and obvious faults that could lead to a Nation’s downfall (especially a Democratic Republic that thrives off of capitalism) but all in all, and oddly so, that is my best description of how a socialist system would play out.