Comments by "whyamimrpink78" (@whyamimrpink78) on "'Paradise Papers' Expose Giant Elite Tax Dodging Scheme" video.

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  4. polka, we never had "pure capitalism" as we still had laws and government. And to say it "did not work" in the 18th century is simply not true. How did it not work? Extremes on either sides are not good. Yes, not every customer if informed and we should have government. Milton Friedman even said there was a desire to have government. However, you have to keep that government as local as possible to ensure it remains the servants and not the masters. When you go from local to state and then state to federal you get a government that is too large and that is the other extreme. "Capitalistic movements play with our emotions to gain what they want. For example: Fear of losing your job, fear of a recession and so on. " Same with socialism. Kyle pushes for universal healthcare on the idea that people are losing healthcare. "We have a higher productivity today but wages went down since the 80's! How is that possible!" That is deceptive. To start, productivity is up because of technology. Next, because of increased productivity goods and services are cheaper not just in price but in higher quality. Compare a car today to a car built in 1980. What car is better? The car today is safer, lasts longer and gets better mileage. We have smart phones, high speed internet, etc. that all make our lives easier and allows us to save money. Also, in the mid 60s you had the expansion of the payroll tax which means if businesses pay a higher wage they pay a higher tax, that hinders wage growth. And areas of the market that have seen an increase in prices are college education, housing, and healthcare. They are all influenced by government with the college loan program, the FHA and medicare and medicaid and the payroll tax for healthcare. It wasn't the free market that raised those prices, it was government involvement.
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