This article compares the policies and political positions of the Democratic and Republican parties on major issues, and infers from the policy tendencies of the two parties, who in the United States is more supportive of freedom values, more in line with the values of the cryptocurrency community, and the interests of the global society.
Index
V God: Do not let “crypto position” dominate your political vote
Democratic Party vs. Republican Party Policy Comparison
Political Philosophy
Economic Ideas
Social and Human Concepts
Defense Issues
Gun Control Law
Same-Sex Marriage, LGBTQ
Abortion
Death Penalty
Taxation
Government Regulation
Medical Policy
Immigration
Aid to Ukraine, Taiwan
With the current President Biden announcing his withdrawal from the 2024 U.S. presidential election, Kamala Harris has become the most likely presidential candidate to take over the Democratic Party, and it was reported that her advisory team has consulted with Bitcoin enthusiast Mark Cuban on various cryptocurrency issues, showing that she may have a more open attitude towards the cryptocurrency field than Biden.
On the other hand, former U.S. President Trump will attend the 2024 Bitcoin Conference at 3 am Taiwan time on Sunday (28) and give a half-hour speech. The market is eagerly awaiting what major good news he will bring to BTC. However, it should be noted that Trump, who is known for his changing positions and openly criticized cryptocurrencies during his previous presidency, is currently supporting Bitcoin and Crypto. Is it sincere or just a pre-election strategy to attract votes, remains a big question mark?
As advocated by Vitalik Buterin, the co-founder of Ethereum, he opposes choosing a political camp to support based solely on the “crypto position” of political figures. He believes that the community should focus on the deeper values of freedom and openness behind cryptocurrencies and explore the attitudes of the two parties towards “technical freedom” in the past to understand the motivation behind their support for Crypto.
Therefore, the following article summarizes the recent direction of the two parties in the United States, hoping to help you judge which party is more supportive of freedom and openness values. It also provides a better understanding of the potential impact of the election of candidates from both parties on the United States or the world.
According to the policy comparison data compiled by the Diffen website, the differences between the Democratic and Republican parties on major issues such as taxation, government role, rights (social security, health insurance), gun control, immigration, healthcare, abortion, environmental policies, and regulation are as follows:
Democratic Party: liberal, left-leaning
Republican Party: conservative, right-leaning
Democratic Party: minimum wage and progressive tax system, i.e., higher income brackets have higher tax rates. Born of anti-federalism ideals, but over time has evolved to support more government regulation.
Republican Party: Believes that no one (including the wealthy) should have increased taxes, wages should be determined by the free market.
Democratic Party: Based on community and social responsibility
Republican Party: Based on individual rights and justice
Democratic Party: Reduce defense spending
Republican Party: Increase defense spending
Democratic Party: Support the enactment of more gun control laws, such as opposing the right to carry concealed weapons in public places.
Republican Party: Oppose gun control laws and firmly support the Second Amendment (right to bear arms) and the right to carry concealed weapons.
Same-Sex Marriage, LGBTQ
Democratic Party: Tends to support (some Democrats oppose)
Republican Party: Tends to oppose (some Republicans disagree)
Democratic Party: Should be legal; supports Roe v. Wade case
Republican Party: Should not be legal (with some exceptions); opposes Roe v. Wade case
Death Penalty
Democratic Party: While many Democrats strongly support the death penalty, a significant portion of Democrats oppose it.
Republican Party: The vast majority of Republicans support the death penalty.
Taxation
Democratic Party: Progressive tax system (higher earners should pay higher tax rates). Generally not opposed to raising taxes to fund the government.
Republican Party: Flat tax system (same tax rate regardless of income). Generally opposed to tax increases.
Government Regulation
Democratic Party: Government regulations are needed to protect consumers.
Republican Party: Government regulations hinder free-market capitalism and employment growth.
Medical Policy
Democratic Party: Supports universal health care; strong government involvement in healthcare, including health insurance and medical assistance. Overall supports Obamacare.
Republican Party: Private companies can provide healthcare services more effectively than public institutions. Opposes Obamacare provisions, such as (1) requiring individuals to purchase health insurance or pay fines, (2) requiring the provision of contraceptive drugs.
Immigration
Democratic Party: Internally supports suspending the deportation of certain illegal immigrants or providing them with a path to citizenship. For example, those with no criminal record who have lived in the United States for over 5 years.
Republican Party: Generally opposes granting amnesty to any illegal immigrants, also opposes Obama’s executive order to suspend the deportation of certain workers, and funds efforts to enhance border enforcement.
Aid to Ukraine, Taiwan
Democratic Party: Supports military aid to Ukraine, Israel, and Taiwan’s additional budget bills. The U.S. government used the Presidential Direct Allocation (PDA) to provide Taiwan with $345 million in military aid at the end of July last year, and in August of the same year announced through the Foreign Military Finance (FMF) channel, providing Taiwan with $80 million in aid, which is the first time in history, and it is a batch of unconditional military aid.
Republican Party: Some Republican lawmakers have vehemently opposed the bill to increase aid to Ukraine, advocating for a reduction in aid to Ukraine, leading to the bill being shelved at one point this year. Trump signed the “Taiwan Assurance Act” during his previous term, supporting Taiwan’s self-defense capabilities and normalizing U.S. arms sales to Taiwan, approving arms sales to Taiwan multiple times during his term. However, this month he criticized Taiwan for taking away all U.S. chip business and claimed that Taiwan should pay protection fees to the United States.
Further reading:
If Trump really declares Bitcoin as the strategic reserve of the United States, what will be the impact?
Advocating for the abolition of the Federal Reserve: Is the “2025 Currency Reform Plan” supported by Trump?
Trump is dissatisfied: Taiwan took away all U.S. chip business, “should pay protection fees” TSMC responded with a decline, what is he thinking?
No more pretending, Kamala Harris criticizes “Bitcoin is criminals’ money”? The meme coin KAMA soared 100 times in three months.