Socialism vs Capitalism
With the current political environment, I posted the statement above. This lead to a discussion of socialism vs capitalism. A friend posed this question: “quick serious question, if 78% of Americans live pay check to pay check, and the wealth gap continues to widen, ( the wealthy continue to increase the gap) when does it all fall apart? When approx 78% have very little savings and housing costs are going so high and rent prices very high when does it all collapse and the 1% have all the money and the rest of people get poorer and poorer? You have travelled all over , someone here used Mexico as an example. That is perfect, they have a massive gap in income and we know their problems. The Said-Garza family represents about 20% of GDP in Mexico , we are starting to have a few people here just owning more and more . Which is great capitalism, I support that 100% , but I own and have owned many companies but always paid my employees well , you get better productivity if they ar...