What the hell is a “Left Wing” Capitalist? Do you spend too much time listening to talk radio to think on your own? Are you unable to wrap your head around what sounds like an oxymoron? Don’t feel bad, you’ve been brainwashed by the those who use the ideas of capitalism as a justification for greed and selfishness.

Simply put a “Left Wing Capitalist”, is a liberal/social democrat that believes that market forces are the best way for humanity to innovate and generate ecomonic growth. Yes, someone who is pro flat rate taxes, but wants that money that’s collected to help the weakest in society and to provide opportunity to people regardless of class and wealth. How can this work?

Well whether or not a social welfare system exists has no real bearing on how an economic system is run. A welfare system that runs independently of an economy is certainly possible, it can be limited to providing all the benefits, without mandating any requirements on business. The only real issue, is the effect of tax levels and social spending on the economy. So in short, who cares how the taxes are spent, as long as they are low enough to let the econonmy grow. How big of a difference would there be, spending the money on health, education, housing for the poor, instead of military spending.

So now that we want a social welfare system, how do you accomplish it? First, make taxation cheap and efficient. Creating a flat tax rate with only 2 deductions, one per household and one per person living in that house. Changing the tax system to something this simple, combined with the end of corporate taxes and social security could reduce so much friction on the economy, that is could dramatically boost annual GDP growth.

Imagine a USA where ever person has receives a catostrophic coverage medical insurance voucher, from the government to use toward an insurance policy from a lightly regulated free market. No longer are employers burdened with the costs of medical insurance, while their competitors don’t offer any benefits. Suddenly the work world no longer needs to worry about full time or part time, employers assume no additional hourly costs when cash compensation is the only empolyer obligation.

So, that’s the answer to what a Left Wing Capitalist is, over time, you’ll see how it comes out in my posts.