Me (Pro) vs. You (Con) Presidential Debate

Like Con last round, I have almost no time to post this round, so I’ll briefly address his stances that I did not in my platform, and rebut one or two of his points. Anything I don’t rebut or mention this round, that was in Con’s opening statement I agree with. Abortion/Euthanasia/Drugs/Guns/Healthcare/Israeli Aid: I briefly discussed my stances on these already, so I’ll let Con address these next round. Flat Tax/Welfare: I’d like to reform my position on the negative income tax. I said I’d want a 25% rate, but I’d rather keep the 50% rate in the example. I’ll try to explain it better: Anyone making under $30,000 will receive money from the government. Before taxes they will receive 50% of $30,000. However, they have to pay 50% flat income tax on their income. $30,000 will not receive anything or pay any taxes. Anything after that, a flat tax rate of 50% will be paid on income over 30,000. This is why someone making $100,000 pays $35,000 in taxes: 100,000-([100,000-30,000]*.5)=$65,000 after taxes ($35,000 in taxes). However, I will let Con expand his platform on welfare first before I go into the benefits of the negative income tax. Defense of Environment & Property Act: I’m against this bill, but I’ll let Con explain why he’s for it. Monetary Reform Act: The Monetary Reform Act would end fractional reserve banking. Without fractional reserve banking, banks could not give out loans, which would be devastating. Homeownership is part of the American Dream. However, homeownership would be impossible for most people if it was not for bank loans. Before banks began giving out loans for mortgages only 40% of families owned homes. (1) However, banks loans are also really important for those who wish to purchase a car. Like houses, most people are unable to purchase a car without a loan. Cars are the primary form of transportation for most Americans and most Americans rely on them for their commute to work and in general getting around. However, if the Monetary Reform Act is passed, the very important purchases of houses and cars would be much harder for the average American. Another reason bank loans are important is to fund small business startups. The costs of starting a business are very high and most entrepreneurs require financial assistance to start. However, if banks couldn’t give out loans many entrepreneurs would be unable to start their business. This is a major problem, due to the importance of small businesses. Small businesses were found in 2006 to employ over half of America’s workforce. Also, small businesses were found to employ 32% of scientists and engineers, while large firms only employ 27% of them. Plus, small businesses were found to produce most patents than both large companies and universities. Finally, many small businesses are major innovators in many industries. Not only does this advance society, but it can create new jobs that never existed before. (2) Therefore, by making small businesses harder to start, which in turns hurts the economy and innovation, the Monetary Reform Act would be dangerous. Vouchers for Private Schools: I’ll let Con elaborate, but I am against his stance on this. Terrorist Status: I’ll let Con elaborate, but I am against his stance on this. UN: I’ll let Con elaborate, but I am against his stance on this. Sources: 1-http://home.howstuffworks.com... 2-http://smallbusiness.chron.com... I’d like to apologize to Con as I probably ended up slowing the debate down with this round, but something popped up this weekend.