Working in a capitalist society

John Cullen

Professor Fleury-Lawson

Business Society

September 8, 2011

Working in a Capitalist Society

Living in our society today can have its up’s and down’s. At this point in time, the economy is on a major struggle. The United States is currently in a recession in which we are trying to fix. A capitalist society is when the system in which all or most of the factors of production and distribution are privately owned and operated for profit. As a worker in this type of society would have its advantages and disadvantages.

One advantage to being a worker in a capitalist society is that you are under a private organization. When you are under a private organization, you get paid your own standard wage. Lowering the business tax as a worker is helpful. When the taxes get lowered for the business, it means the business is taking in more money. That means you are taking in more money as the boss doesn’t have to pay a larger tax. Another reason why having business tax’s lowered is to the advantage is because it gives consumers more money. When they have more money they will spend more money and that would help a business out a large amount. They also must keep the jobs for the people who don’t have one. Lowering the business tax gives them a better opportunity to hire.

One disadvantage to being a worker in a capitalist society is that you are going to get fewer benefits. When your boss is paying you more money, he expects you to be spending your mom on paying for your benefits. Another disadvantage to lowering business tax is that you are giving the government less money. Although that seems right; our tax money paying’s the war we are in and our defense military. The less the government gets, the less funding they can give. The more we give to the government the more protective they will be. In this economy today, we want that.

While looking at the advantages and disadvantages they seem to equal out. The advantages are to help you get wealthier and think for yourself. The disadvantages are for the people who do not think just about themselves. They think of who it affects and what is best for the people. In the long run, having to give more money to the government is the rightful think to do.