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Thursday, October 29, 2020

Prager U: Is capitalism or socialism more democratic

 

[VIDEO] Dinesh D'Souza takes off where his wife weeks ago left off. She talks about American leftists really wanting this nation to turn into her native Venezuela with social divisions helping to steer the nation in a more chaotic direction.

Mr. D'Souza on the other hand talks about whether or not capitalism or socialism is more democratic. He emphasizes that yes every two or four years at least we have to vote in an election. As far as using our hard earned money we use that to vote everyday. If we don't like a product or got less than the service we expect we won't spend money on it.

Well with socialism, I suppose if people want it the expectation is that it will be more fair. People can pay for their health care or better yet gov't will take care of health care so that no one will really have to pay for it. No one will have to take out anymore student loans to go to a college which will expand access to a college education to everyone.

Either way just as we're expected to vote on this issue in Illinois for a progressive income tax - or a fair tax as it's marketed - we must insure the wealthy pay their fair share in income taxes. Thus we can afford some of these wonderful things that gov't is expected to provide.

On the other hand let's consider the wonderful things a capitalist or an entrepreneur can provide. Steve Jobs was able to create a device - we didn't know we needed such a device, hell even I got one - that allowed us to take pictures, sent text messages, or listen to music. That device among others made Apple Inc. a lot of money over time. The consumer willingly bought such devices and giving someone like a Jobs a lot of wealth as a result.

Consider that when someone decides it's OK to loot because they (businesses) have insurance...

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