What is your emotional reaction to the terms capitalism and, Accounting Basics

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What is your emotional reaction to the terms capitalism and

1. What is your emotional reaction to the terms capitalism and socialism? Explain why you feel the way you do.

2. Would you rather pay lower taxes and accept the fact that you need to pay for many services such as health care and education or pay higher taxes such as the Europeans (i.e. Germans, French, Italians, etc.) do with the assurance that the government will provide many basic services (Europeans get free health care and education including university) for you? Why?

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Accounting Basics: What is your emotional reaction to the terms capitalism and

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