Debt Ceiling, Entitlement, Socialism, Oh My!

RCT Podcast

In todays episode I discuss the debt ceiling bill being passed in the house of representatives and the impact that will have on the economy. Furthermore I build on the Patrick Bet-David podcast episode from earlier regarding entitlement in the United states and the book "Toxic Charity". Entitlement is Socialist in nature and providing one way charity only creates dependency on the government. This is a growing problem that gets harder and harder to dig ourselves out of. This discussion also exploits the fallacy that communism can be successful. It goes to show that Marx is very flawed in his understanding of human behavior, and how we react individually to risk and rewards.