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uriah | 13 years ago
"European Socialism" is not that different from the US. In Europe you may get free child care, health care, etc. and industries that the government likes get subsidies. In the US, this assistance comes in the form of tax cuts. Tax exemptions for employers who pay for health care, the child tax credit, tax deductions for favored industries, etc. Including tax expenditures, the US spends more on social welfare than most of western Europe while doing a poorer job of ensuring it reaches the right people.
clarky07|13 years ago
Just because things are done a certain way doesn't mean it's a good idea. It certainly isn't a capitalist idea to have favored industries with subsidies or tax credits. America is far from being a pure capitalist society. It's a bastardization of capitalism and socialism, and while I may not be in the majority, I'd prefer pure capitalism over what we've become.
I'm all for helping people who can't help themselves, but I'd prefer it be done in the private sector. I give more to charity than I pay in taxes, and the money I give does far more good than food stamps and welfare ever will. If I didn't have that money wasted on taxes (note I don't think it all is, just a lot of it. i.e. roads are a good thing, military, etc.), I could give a lot more to the places I think are more worthy.