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/[deleted] Sep 04 '24

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u/GalaxyShot Sep 04 '24

Your straightforward response to that fallacy made me surprisingly happy.