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The problem is that you sidestep the obvious issue as if it doesn't exist. Money represents economic activity. Healthcare and elderly care currently consumes 2
by candiodari 9y ago
The problem is that you sidestep the obvious issue as if it doesn't exist. Money represents economic activity.
Healthcare and elderly care currently consumes 20% of all economic activity. That is what's unsustainable. This is out of the question towards the future, since those people do not contribute 20% of GDP in the first place (and they'd need to contribute almost 40% to justify that).
I guess the question I'm asking is simple: you want to increase this expenditure ... ok. What do you drop ? Please pick other parts of the economy that we can just drop ...
Please don't just handwave "just automate it and save 50%" but ...
- lz400 9y agoFirst, elderly healthcare is 34% of healthcare spending in the US (and healthcare is 16% of GDP) so it isn't be 20% of all economic activity in the US. And US healthcare is very expensive compared to other countries. Second, seems to work in Europe and Japan (Japan has a very old pop and total healthcare spending is 8% of GDP). Maybe the US has the wrong healthcare system? :) Third, the welfare state is not only healthcare for the elderly.