Capitalism is characterized by investors (capitalists)
engaging in economic activities with reduced to no government involvement and
ownership of resource. This economic system relies solely on the forces of
demand and supply this environment attracts cutthroat competition for both
resources and profits.
Socialism is an economic system that is characterized by the
production and distribution of goods and services for direct use by the
consumers and to satisfy economic needs and not geared towards private profit.
The idea of striking a balance between capitalism and
socialism may be unacceptable in certain schools of thought with regards to
economics. This is because the two are very divergent systems but the idea here
is to understand that economies are also dynamic and with a wide variety of
areas that comprise the entire system. There are sectors within the economy
that can be better managed through socialism while others through capitalism or
a hybrid economic system of both. The reasons include the need to equitably
distribute economical benefits, preserve freedoms and liberties and improved
economic welfare. For example, everyone within an economy will require
healthcare services at one point or another. The healthcare sector can be
served by both socialism and capitalism where there are public owned hospitals
and privately owned hospitals. Both should be well equipped and managed and the
competition between the two should see better healthcare services delivered to
all. This is one instance where socialism and capitalism can find a balance
other sectors that may need this include education, mining, infrastructure and
land.
A socio-capitalist economy will see both capitalists and the
government work together towards the well being of the nation and society. The
government should give capitalists enough space to develop better services and
goods by offering policies and if need be direct competition. Revenues
collected by the government should be engaged in projects beneficial to the
public. In the balanced capitalism and socialism system, capitalists will have
within their rights and freedoms the ability to generate wealth and develop the
economy while the government should ensure improved well being for its populace
entirely. This hybrid system will go a long way in reducing negative impacts of
both total capitalist and socialist economic systems.
infocloset
infocloset
i don't believe in socialism but it can be done. if they take 40-60% of everyone's income the government could give all american's free housing vouchers, electricity, water, food, health care and collage education. this would only leave you to pay out of pocket for above and beyond whats required to live like a nicer place to live, electronic's, a vehicle and so on. there are some good and bad sides to this. the bad would be all able body american's would be required to work a minimum of 20-30 hours a week. if they don't or cant due to no job they would need to pay a weekly fine or do community work 20-30 hours a week until they find a job. this will lead to a cleaner healthier country as community workers can be used to pick up trash fix roads plant flowers along streets and so on . now here's the good no american would be homeless, starving or uneducated and people that are sick, injured or dying will get the medical treatment they need. it will allow people to get degree's in the fields they love rather then what pays the most also people that don't know what they love can try different field's until they find there niche in the world and people that have learning disability's can take there time getting there degree. a better educated america leads to advances in technology and a more valuable american workforce. now lets get down to some rough math. there are 326,909,782 american's in the united states the average median income is $59,039. now if you take that $59,039 and take lats say 50% as a socialism tax that's $29,519.50 then you multiply that by the population and you get a number close to $10 trillion dollars a year that the government would get from american's. now lets do the cost side of thing's this will be on the high side of things as the majority of the country you can find lower cost for all these things. housing voucher's lets say $1000 a month electricity $150 a month water $50 a month food $300 a month health care $100 a month and college education $100 a month. that adds up to a monthly cost of $1700 now this number will be lower for most as not everyone every month is going to the doctor or college. you take that $1700 multiply it by 12 for a year and you get $20,400 then multiply it by the population and you get just under $7 trillion dollars. take that $7 trillion and remove it from the $10 trillion the government receives that leaves $3 trillion for the government to spend which is the same amount there getting now. the government could pocket a even bigger share by upgrading the entire country to renewable energy, streamlining healthcare, prioritizing community collage over private collage, incentivise people to eat healthier which will lead to lower healthcare cost's , build there own condo's/homes then rent them out and put a 5% luxury sales tax on non essential goods. this doesn't include property tax state sales tax corporate tax and business tax and so on as these would stay the same or lower but still feeds the government/state coffers. as i wright this i'm starting to think this sounds like a better idea for our country and government makes out like a bandit.
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