Sorry I was offline for a bit so couldnt respond. But I find it surprising that you picked 3 most messed up sectors in america as basis to refute my argument.

Sorry I was offline for a bit so couldnt respond. But I find it surprising that you picked 3 most messed up sectors in america as basis to refute my argument. Anyways, Lets start with housing. Every housing transaction hold about 10% [of sale price] of commissions on both buyer & seller side. [If you dont know] you'll be surprised to learn that the govt taxes & fees are a minimal portion of that. its mostly realor commissions & bank fees. why can they do that, its because they have had a monopoly on MLS listing service forever. to have access to the MLS you need to be a realtor. if anything these commissions should be fixed cost rather than a percentage cost. to give you a sense of the severity of the situation, on an average people stay in a house for 7 years due to labor mobility & other reasons. so over a carries of 30+ years its likely you'd do 4 such transactions. That essentially means you've worked for realtors & bank for about 40% of your carrier (assuming shiller is right in concluding that it takes 30yrs of work to build/own a house). Now Healthcare, why do you think nothing Martin skerelli had done was illegal? recall that he wasnt indicted for price gouging on the meds. I actually think he did a service to america by exposing the flaws of pricing system. Also regarding medical professionals AMA works hard to maintain control of certification process and not flood the market with doctors. believe me they are not that hard to make. infact they have been fighting efforts to allow RMPs to practice basic healthcare in rural areas just to maintain the scarcity. there is a reason healthcare and college education sectors are the most inflation heavy sectors in america over last to decades. its by impeding price discovery and free market.