I’m planning on making this a video soon. Suggestions appreciated.
Capitalist vs Socialist: Debt
cap: Hello, I’m a Capitalist.
soc: And I’m a Socialist.
cap: So Soc, the current unfunded liabilities that the US government owes is around 100 trillion dollars. And that is only covering Social Security and Medicare. How do you propose it pays for this?
soc: That’s easy. We just need to tax the rich more.
cap: Well unfortunately, I don’t think it’s that simple. If you combine all the wealth of every American, you only come up to around 50 trillion dollars. In other words, if the government taxed us all at 100% and took all of our property and auctioned it off to foreigners, it would STILL not have enough money to fund its future obligations for Social Security and Medicare. How could the government possibly pay
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I plan on doing a video on this soon. Let me know if you have any suggestions.
Capitalist vs Socialist: Cutting
cap: Hello, I’m a Capitalist.
soc: And I’m a Socialist. So, smart guy, you say the government’s spending too much? That we need to cut spending rather than raise taxes? Well, then what would you cut?!
cap: This question is a trap. If I name anything specifically, then you will attack me for supposedly not caring about the welfare of these special interest groups. In reality, we both probably share very similar values as far as who we think needs a helping hand. It’s just that I disagree that we should hold a gun up against our neighbors heads and demand that they spend their money the way we want them to; which is EXACTLY what the government is. Such an action will only… Read More
I plan on doing a video on this pretty soon. Let me know if there are any suggestions you have.
Capitalist vs Socialist: The Recovery
cap: Hello, I’m a Capitalist.
soc: And I’m a Socialist. Yayyyyy!
cap: Hey Soc, what are you celebrating?
soc: Didn’t you hear? The bailouts worked! We’re now in a recovery! *paper blow horn*
cap: Says who?
soc: The president, of course! What? You don’t believe your president? Are you a racist?
cap: No. I just think that we got into this mess in the first place, because the government distorted the economy and created moral hazards such as deposit insurance, fractional reserve banking, artificially low Fed interest rates, vast lines of credit from the Fed, legal intimidation, guaranteed loans, and so on that caused banks to loan out money they did not have to the wrong people
… Read More
I’m planning on making this a video soon. Suggestions appreciated.
