Reader responds to 'Capitalism is Unaffordable'

I got a chuckle from Ms. Hernandez's piece, maybe a class in Economics 101 might help her to understand how "affordable" other economic systems truly are (please see the Prager U videos: What is an Economy and Capitalism vs Socialism).

We all know that money makes money, so it reasons that bigger piles of money make more than smaller piles of money ... No Matter What Year It Is! Now if you believe the system rigged, then thank your elected officials for passing tax codes that benefit their "oligarch" of choice (go to COSAction.com to see how to stop that). 

Yes, America has between 800 to 1,100 billionaires, but most of the wealth is on paper, the value of companies. As to stashing monies into off-shore-accounts to shield it from taxation, this activity is as old as taxes themselves (I'm not condoning it) for even the Romans fought this problem. 

Human nature being what it is, this game of cat-and-mouse with authorities will persist.

But why blame people for making money, even obscene amounts? If somebody embraces the sovereign freedoms our constitution grants, then nothing by law may infringe on their (your) pursuit of happiness! You are free to open any business you want and work at what you love while earning your own keep. 

Do you fault Taylor Swift for becoming a billionaire? She lives off the backs of working people's hard earned cash, at up to $500 per ticket, that's more than a weeks pay for most people.

Should she be forced to give free concerts from now on just because she's now successful? Is Ms. Swift a criminal because inflation and poor lifestyle choices of others hamper their securities or health? 

The ACA (Obamacare) has caused health care cost to sky rocket, nothing to do with capitalism: yet regulations built into the act prevent free and open markets, which would lower the cost of health care.

An old adage that's still true: If you want to work some and get paid, work for the government. If you want to earn more, work for somebody else. But if you don't mind working and want to make money ... work for yourself !

Ms. Hernandez's last sentence was the funny bone ... "We the working people cannot afford capitalism for the wealthy." 

You see, China "afforded" capitalism to the working people and rose 80% of their population out of the poverty of socialist economics within 10 years! That's 100's of millions of the working people! 

Taking China's pauper nation status into being a global competitor! BTW China has the second highest number of billionaires - not bad for a communist country with a capitalist economy.

Robert Edmundson, Libby, Montana