debt

Capitalist vs Socialist: Debt (Rough Draft)

by Jacob Spinney on November 10, 2010 · View Comments

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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Capitalist vs Socialist: Cutting (Rough Draft)

by Jacob Spinney on October 29, 2010 · View Comments

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

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