Saturday, January 26, 2019

Let's Stick With Capitalism

Many young people believe that socialism is a good thing. Case-in-point: Alexandria Ocasio Cortez, a new member of congress. She believes there should caps on how wealthy a person can be and there should be taxes as high as 70%. 

While Ms. Ocasio-Cortez is seemingly well-intentioned, there are no reasonable examples of socialism or communism ever working to the extent capitalism has worked in order to help the most people succeed and live peacefully. We're a rich country and can afford some safety nets and other programs to help people achieve the American Dream. But, to have unrestricted immigration with caps on rising up the ladder with massive taxation, excess legislation, and unlimited free stuff for everyone regardless of the effort they expend is simply the road to ruin. Not only is it not practical from a longterm financial perspective, but giving away free stuff often zaps people's motivation to do better. I like the system we have. With some slight adjustments, we can help the underserved. But, please, none of this fundamentally transforming this nation rhetoric.

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