The Instigator
yodarocks1
Pro (for)
The Contender
TheChristian
Con (against)

Capitalism: Good or Bad

Do you like this debate?NoYes+0
Add this debate to Google Add this debate to Delicious Add this debate to FaceBook Add this debate to Digg  
Challenge Expired or Declined
TheChristian either declined this challenge, or never responded to it. If you are yodarocks1, login to see your options.
Voting Style: Open with Elo Restrictions Point System: 7 Point
Started: 11/7/2017 Category: Economics
Updated: 1 week ago Status: Challenge Declined
Viewed: 34 times Debate No: 104812
Debate Rounds (3)
Comments (0)
Votes (0)

 

yodarocks1

Pro

Note: Your current view on Capitalism is the following:
"Allows for abuse and some people will be born into money. Poor work harder than the rich and stay poor."

Most people think that the US's economy is the definition of capitalism; however, it's current form is not Capitalism, but rather a light form of 'Crony-Capitalism,' because the government has put such high taxes on makers over $150,000 and added so many regulations that only corporations survive, and any attempts at a small business is forced to either go bankrupt, be bought, or stay tiny. That is why the rich stay rich.

Now, the reason that the poor stay poor is far more complicated. (Note: Normally, I would use the world's poverty level, in which there is practically nobody in the US that is poor, but in this case I will use the US's 'poverty' level) The main ways to NOT become poor are the following: graduate high school, get a job, and don't have kids before getting married. 98% of people who follow these rules never experience poverty. 13% of the population is in PERMANENT poverty (meaning that they will be on welfare, social security, and medicaid their entire life), so that means that at least 11% of those in permanent poverty are there because they have followed those three rules.
This round has not been posted yet.
Debate Round No. 1
This round has not been posted yet.
This round has not been posted yet.
Debate Round No. 2
This round has not been posted yet.
This round has not been posted yet.
Debate Round No. 3
No comments have been posted on this debate.
This debate has 6 more rounds before the voting begins. If you want to receive email updates for this debate, click the Add to My Favorites link at the top of the page.