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I think this is sort of the apotheosis of the concept that money is the universally effective solution to all problems. Money is not the universally effective
by narrator 11y ago
I think this is sort of the apotheosis of the concept that money is the universally effective solution to all problems.
Money is not the universally effective solution to health care in this country. We already spend double, as a percent of GDP ,compared to any other country.
I think we're going to run into some problems on the supply side with a universal basic income. Some prices will rise due to increased consumption. This will make capital investment (e.g Research and Development, New Factories, Upgrading Production Equipment) more costly. Eventually you'll burn the furniture to heat the house and then things will start to fall apart and get into an inflationary spiral. It does have the benefit going for it that it is less complex to administer though, while our health care system is enormously complex and grows ever more complex with the more money that gets spent on it.