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Keyword: economicsystems

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  • Capitalism versus Socialism

    09/08/2024 10:08:00 AM PDT · by econjack · 46 replies
    Econjack
    There's a lot of discussion these days about Capitalism versus Socialism as an economic system. Most Democrats, including Harris and other left-leaning people, favor Socialism. The key tool for them to bring this about is to tax the rich and give it to the poor to even out the distribution of income. That is a flawed solution to the problem. First, it assumes that an equal distribution of income is a desirable goal. It is not. It's the human condition to want to improve one's lot in life. If the gov't makes everyone's income the same, it removes the desire...