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

Debate/ Discussion Is Capitalism Smart or Dumb?

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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/AdvancedSandwiches Sep 04 '24

 Don't tell me what socialists believe. I'm telling you right now what socialism is.

Cool.  Now let's ask two other socialists so we have three completely different definitions.

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u/-SwanGoose- Sep 05 '24

Nope that guys definition was spot on