Is capitalism a logical means of allocating our resources?
Capitalism works well on paper. Capitalism works fine in theory, but in reality the excessive and exorbitant greed of a very few at the top ruin the theory. My broker, having lost a lot of money for me, takes me to every nice dinner paid for by wall street. I learn a lot about capitalism from these meetings. 1. TRICKLE DOWN ECONOMICS: The trickle down theory of Capitalism was that if you just remove the regulations and give tremendously generous tax cuts to the super wealthy it will trickle down as more jobs and higher salaries. What happened was that the super rich (55 cents of every Bush tax cut dollar went to these pirates) just outsourced the jobs and reduced salaries, and bought more vacation houses and bigger yachts. 2 .FLAT TAX : Republican proponent of the flat tax Steve Forbes spoke to us. To generate the same income for the IRS the flat tax plan would be that the first fifty thousand is tax free, and whatever is over that is capped at 15%. Since I pay more than 15% now in did
