In response to:

7 Reasons Socialism Will Make You Poorer Than Capitalism

Peter906 Wrote: Dec 04, 2012 11:24 AM
So, I do think that at this point in the US, US capitalism is rigged for the rich. Ever since the tax cuts started in the 1980s, the US gov't started supporting globaization, etc., the rich's share of national income and national wealth has grown sharply. I don't think (you might) that capitalism on its own produce a 'natural' or given distribution of income and wealth -- I think those are influenced by tax rates, governmental policies (aiding investment is some fields, for instance, or about unions), etc. And I think that in the past 2 or 3 decades in the US tax rates and gov'tal policy have favored increasing inequality of income and wealth.
FletchforFreedom Wrote: Dec 04, 2012 4:44 PM
Again, your counterfactual thoughts are not of value. You are adopting a red herring entirely wthout basis or logical use. The nonsense about how much wealth is concentrated in a few hands is a useless complaint so long as the end result is that the standard of living for everyone has improved WHICH IS THE CASE. Meanwhile the wealthy (that you absurdly believe benefit from our tax system) still pay an ever greater percentage of taxes. There is no "natural" distribution of wealth - there is only the renumeration for services in a free market absent coersion (which makes everyone better off).

Now, I would suggest that you avoid repeating the imbecilic "declining standard of living for the middle class" canard or reference wages...
Peter906 Wrote: Dec 04, 2012 3:03 PM
I thought the right was eschewing the term 'fair'. (I also wonder what you mean by 'ruthless')
As I remember Hayek, he doe not think a free system is a meritocracy. (To me, it rewards some kinds of merit, as long as you also accept that lots of luck is involved.)
The gov't frequently speeds up the economy, as when it helps peddle US goods overseas.
Stuart95 Wrote: Dec 04, 2012 12:30 PM
Capitalism is a ruthless, but fair, meritocracy. There is a reason why the guy living under the bridge is poor while Oprah, Bill Gates, and Tom Brady are zillionaires.

Governments can't stand that notion because power derives not from merit, but from control. Ask Hugo Chavez. Taxes, tariffs, regulations, etc. are the government tools to reign capitalism to their own desires. Of course, every time government touches the wheels of the economy, they slow down. The pie gets smaller.
Given what we know in 2012, saying that capitalism will make a society richer than socialism should be about as controversial as saying the earth is round, not flat. Yet, a recent Gallup poll shows that more liberals have a positive view of socialism than capitalism. This is only possible because there are so many perverse incentives that drive the promotion of socialism. If you're a politician, socialism puts power in your hands while capitalism takes it away. If you want to use the government to control people's lives, socialism is a wonderful vehicle to do just that while...