The Instigator
JuniusNing
Pro (for)
The Contender
TheMarketLibertarian
Con (against)

Equality vs. Freedom

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Voting Style: Open Point System: 7 Point
Started: 4/15/2017 Category: Economics
Updated: 9 months ago Status: Debating Period
Viewed: 508 times Debate No: 101990
Debate Rounds (5)
Comments (1)
Votes (0)

 

JuniusNing

Pro

The point that supporters of personal freedom routinely miss is that when the tax laws governing an economy favor wealthy business owners then fewer consumers are able to afford the products they sell. However, if these same proprietors pay their employees a decent living wage and are taxed an equal percentage from their earnings as the middle and lower classes are required to do then consumerism rises, more products are sold and the rich become a LOT richer. Everyone benefits.
TheMarketLibertarian

Con

Please state your resolution.
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Debate Round No. 5
1 comment has been posted on this debate.
Posted by Surgeon 9 months ago
Surgeon
Pro is arguing like a true Keynesian and attempting to make an aggregate demand case, from the marginal propensity of consumers at differening wage levels. Before making an argument, however, Pro should not start the economic story in the middle.

Pro should instead think through what those with lower marginal propensity (the wealthier in his assessment), do with their un-spent cash, and what effect that has on the overall capital structure of the economy, the effect on interest rates and production possibility frontier. All of which feedback into the wage rates and employment prospects of everybody in the economy.
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