- #31
Smurf
- 442
- 3
Antiphon said:
I don't know if you were serious or kidding, but it's funny either way.
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The discussion revolves around the merits and drawbacks of progressive income tax (PIT) in an economic debate context. Key arguments against PIT include the perception that it penalizes hard-working individuals who achieve wealth, while proponents argue that it provides necessary revenue for social programs and reduces income inequality. The conversation highlights the complexity of defining "fairness" in taxation, with some suggesting that a flat tax could lead to greater burdens on lower-income individuals. Additionally, the impact of taxation on consumer behavior and economic health is debated, with some asserting that progressive taxes can enhance overall societal welfare. Ultimately, the discussion emphasizes the need for a balanced approach to taxation that considers both equity and economic efficiency.
I don't know if you were serious or kidding, but it's funny either way.
- #32
Smurf
- 442
- 3
The Greek democracy was far different from what we know it as today (specifically liberal representative democracy)Antiphon said:
No, Capitalism is an economic system where most means of production are privately owned (hence capitalism - private aquisition of capital). It shouldn't be confused with Free Market and Laissez-Faire economic theory, which have to do with a Planned vs. Market economy.
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- #33
Smurf
- 442
- 3
Interestingly enough Democracy seems almost counter productive to individual rights. The idea of 'Rule of the majority' is inherently 'might is right', and favours benefit to society over benefit to the individual in almost all areas.Antiphon said:
- #34
russ_watters
Mentor
- 23,734
- 11,177
There is a reason they called it Laissez-faire capitalism, Smurf - the terms go together. You're making a distinction where there isn't one.