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otoh there are bridges literally falling down and the country doesn't provide universal healthcare...so it seems government's pockets aren't infinitely deep. O
by jgh 9y ago
otoh there are bridges literally falling down and the country doesn't provide universal healthcare...so it seems government's pockets aren't infinitely deep.
Obviously military expenditure is a problem, but so are effective corporate tax rates of 2% and the 0.01% storing vast sums of wealth in brokerage accounts.
- blfr 9y agoBuilding bridges and providing healthcare takes real resources, not just money. Real resources are of course scarce but money to the US government isn't. This is why it doesn't matter (to the government-owned bridges at least) what some number in a brokerage account shows.
- gdffdfgfd 9y agoWhile you are right to take a materialist viewpoint, this is not correct. For instance, US industrial capacity is estimated to be at about 75% utilization. We are FAR richer than we pretend to be. Why is it underutilized? Probably because of monetary reasons. https://theintercept.com/2017/10/03/donald-trumps-disgusting-remark-on-puerto-rico-is-more-revealing-than-he-knows/ https://theintercept.com/2017/10/03/donald-trumps-disgusting...
- tonyedgecombe 9y agoThe UK does provide universal health care, although we have a problem with potholes our bridges aren't falling down and our military spending is probably a little on the low side.
- neilwilson 9y agoThere is no limit to government expenditure in financial terms. The limits are real. The problem is US politics, not the US dollar. http://beta.latimes.com/opinion/op-ed/la-oe-kelton-pony-for-all-20170929-story.html http://beta.latimes.com/opinion/op-ed/la-oe-kelton-pony-for-...