Inflation is nowhere near 20% so I don't know what you're saying at all. im not saying that inflations is at 20% it was an example

and i know i can boy stucks and bonds and i know they buy them as well, but they can buy more of them

and jai i never said i wanted a pure communist state either, i want something in between communism and capitalism which lies somewhere around where northern europe is now. USA is too far on the capitalist side for my liking, but thats just my opinion

the companies are going to move to other places with lower minimum wages

EXACTLY. THATS ECONOMICS, MORON.

And when those countries have developed and their minimum wages are higher, the companies will move again. And again. And again.

Companies will always go to higher cheaper workers.

god bless capitalism.

As almost everyone said, I think that the best economic system is between capitalism and communism.

CAPITALISM :
+ It incites people to work in order to be wealthy. In that kind of system, noone could be a lazy people depending on someone else. So that bring to a global increase of the country wealth
- The rich become richer and richer at the expense of the poor. It also leads to a very selfish system. Rich have the power the others try to make things work.

COMMUNISM :
+A really nice idea at the beggining. A real equality between everyone. A job for all, no starvation, no poverty.
-As all the wealth is spread to everyone, whose who work hard and the others, most of the population will stop working. ( It could also happend in a more moderate system like in France actually were people could earn more than the minimum wages without working, just with the aids). So like what happend in USSR the society could stop developping and enter into dire straits.

For me a good economic system should have some caracteristics :
-A minimum wages for all the workers. It has to be enough to guarantee a decent life (He could be adapt to the economic situation of the region)
-Free or almost free education paid by the community. To develop a fair society, everyone must start on an equal footing. That could be done also for the access to the culture.
-Taxes for all but divide proportionaly to the wages of the family.
-A little wages to those whose are not working but not enough to give them a good life. So they will have to find a work rapidly.
-Help for the disableswith a program to help them having a place in the society.
-Some public services such as train, bus, post office.
-A system to create some association easily in order to let people do what they want in community to develop the society (sportive associations, charity, renovation of the heritage, etc).
-Pension adapted to the wage earn on average by the person.

All that rules must be exactly the same for everyone to work. An utopian program as the one whose are currently favoured by the system will never accept to renounce to their advantages.

Moreover, all of that needs a lot of money from the country, which will be provide by taxes. In order to limit the debt of the state, the number of civil servants and local government officers will have to be reduce as much as possible.

Glen the rich get richer is a fallacy. Read Sowells book economic facts and fallacies. Also ''+A really nice idea at the beggining. A real equality between everyone. A job for all, no starvation, no poverty. '' you're lying thats not equality thats equity. now gtfo commie.

-Free or almost free education paid by the community. To develop a fair society, everyone must start on an equal footing. That could be done also for the access to the culture.

The public universities like Rutgers and Michigan State are all cut-throat competitive now. Providing free public university education will increase the pool of applicants, however the pool of acceptances will only increase slightly (not as much as the applicant pool). This will put upward pressure on grades, SAT scores, and extra-curricular activities. People with average or below average high school grades will be even more hard-pressed to get into decent state universities. Acceptances will increase for Jews and Asians, will decrease for Caucasians, and probably won't increase for Blacks or Hispanics.

If I said rich are getting richer and richer is because in our current society, if you are a beggar, that will be difficult for you to escape poverty. A rich man, if he works well, could keep his wealth and makes some more money with some skills. (I see the process of acquisition of wealth like a kind of poker. It's for be one of the best comparison I could find. I know, all of that is much more complicated, but i think we are not speaking about the most specifics parts of our economy. All what I said was only about basics shemes).
For the part about communism, I was speaking of the starting point, the first idea : an equal spread of the wealth (sometimes with a little weighting for the highly qualified people). I know that in all the past and current communist societies, it's completely false, as there are always people trying to get the power (which is quite often brings by the money...). So we have never seen a real communist country.

Anyone who works hard can live at least a modest life. Don't cry about muh poverty. Just work. Complaining only serves to draw attention to a problem. There is no problem with wealth distribution. If you don't like it go live somewhere else.

JaiBharat, in France, we have public universities and more selective way to study. All of that is free, and it works.
For the selective schools, all the process is based on the results of the student during the past year (So marks during the high school for the new students and on selective exams for the others).
For the University, the system is a little bit different. Everyone must be accepted for the first year, but noone could reach higher class if he is not up to standard and you can't repeat a year as many time as you want.
So many people go to the first year of university but half of them don't continue and start working.

So at the end, all the people who have enough capacities to study could, without making huge debts.

but you're burdening other people.

With a system of taxes in function of the annual wages of each families. So those who could pay for the others. France is a socialist country. As you seem to be pro-capitalism, you must dislike our system.
But I think it's actually quite good. There are many problem but I think we could say in France that you could live quite well in France if you want to. I'm not sure it's true for the USA.

This link brings to a map that shows how many hours someone has to work in order to afford a single bedroom rent with the minimum wage : http://nlihc.org/sites/default/files/oor/2012-OOR-Min-Wage-Map.pdf

In New Jersey, for example, you have to work 100 hours/week. Do you really think it's possible. MORE THAN 14 HOURS PER DAY ! If you do that, you're nothing more than a slave.

Edited 1/25/2016 21:47:22

So, people are paid what their work is worth here and businesses make more profit. If they choose to do work that is almost worthless then it is their own doing.

I suppose your familly is quite wealthy and that you know noone with financial difficulties. But you have to know that some people are not enough smart to do something else than little jobs and that the society needs them. Could you imagine your life without retailers, garbage collectors, cleaning lady or whatever which are doing low paid jobs ?

I'm not wealthy and don't come from wealth. No one could but they're paid what their work is worth.

So you think that someone who has to work 14 hours per day to survive (in fact that's just to pay is rent, he has still to find money to buy food...) is living on a fair world. Because you know what will happend to this man, he will become a beggar because such a condition of living are impossible to endure. But if he's not smart enough or if he doesn't have enough money to study, he has no choice.
I'm sorry but your way of thinking shows your not poor. (In fact as you have a computer, you can't be poor.) Your not rich maybe but you earn enough to live correctly. Maybe with some sacrifices but nothing infeasible.

I think that if your working you have to earn enough to live. It supposes that the minimum wage should be enough high to insure that.

Edited 1/25/2016 22:21:57

I never said it was fair. Thats your belief, a belief economics shows to be unsustainable.

If people are not paid enough to live your system is no more sustainable than mine.

They are paid enough to live. That also has no bearing upon its sustainability.