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You make some good points, but there are areas where costs are outrageous... namely healthcare, education, pensions, and the military. Our pension system in th
by nwah1 7y ago
You make some good points, but there are areas where costs are outrageous... namely healthcare, education, pensions, and the military.
Our pension system in the US is not funded in a way that is sustainable for the long term. Obviously, it was started by FDR on the assumption that we could just fund existing retirees who hadn't paid in because there's always more young people than old people. But that assumption is no longer true. And the federal level is where things are actually looking quite rosy. State and municipal pension systems are, in some areas, on the brink of insolvency. I expect some states, in the coming years, to ask the feds for a bailout.
Most huge military technology purchases seem to have little justification at this moment... the F-22 and the Joint Strike Fighter are obvious examples. The number of military bases is astounding, but the return on investment for those isn't clear... particularly in regions where there are literally dozens of them. Huge stockpiles of nuclear weapons that can destroy the world multiple times over, which after some point doesn't seem to add any deterrent effect.
Healthcare spending, even just from government programs alone, is high relative to other nations, and yet we don't even have universal health coverage. Very little is spent on useful preventative medicine, and enormous amounts are spent on last minute emergency procedures and end-of-life care. When we are able to make a difference, we don't, and precisely when little or nothing can be done, then we take out all stops and try our best to do something. Italy has the 2nd-longest lived population in the world, despite spending far less on healthcare. They aren't known for having a world-class healthcare system, because the truth is that they don't. What they have is world-class healthy lifestyle.
Education spending, empirically speaking, seems to have little correlation with outcomes. Since 1970, adjusted for inflation per-student spending has roughly tripled, with some variation from state-to-state. But despite the overall large increases in funding, there are constant cries that not enough is being spent. But if we compare to world-class nations like Finland, who spend very little, we are left with a puzzle. If they are able to provide better education for cheaper, then obviously funding is not the deciding factor.
Parks are trivial and have a great cost-benefit ratio compared to those big 4 areas of waste.
- Haga 7y agoThe government pension funds are used as leverage by billionaires. The military spending is used to subsidize flailing billionairs companies . Government belongs by now to the 1%. If the rich are wasteful with your money.. Nothing you can do but mental escapism.