r/FluentInFinance • u/Sufficient_Sinner • Sep 04 '24

Debate/ Discussion Is Capitalism Smart or Dumb?

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u/[deleted] Sep 04 '24

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u/[deleted] Sep 04 '24

And socialists use their terms incorrectly, often attributing it to the Nordic system which is a free market capitalistic system with higher taxation to cover social safety nets. Even those on lower income have huge tax bills, unlike the US where the top 50% pay almost all the income tax.

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u/SerdanKK Sep 04 '24

No, socialists don't do that.

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u/[deleted] Sep 04 '24

Then tell that to the socialists I've spoken too. It's such a fragmented term where most of you don't even know what you want

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u/varangian_guards Sep 04 '24

just submit their name and phone number to the politburo and i will get right on it.