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It's interesting that the 3 things you give as an example have sky rocketed in cost not because of the 1%, but mostly due to government interference in the free
by fiftyfifty 6y ago
It's interesting that the 3 things you give as an example have sky rocketed in cost not because of the 1%, but mostly due to government interference in the free market. Government backed loans have driven up the cost of education and housing. Local governments limiting housing construction have further driven up the cost in many areas. Government created monopolies like the AMA have driven up the cost of healthcare.
- jandrese 6y ago> Government backed loans have driven up the cost of education and housing Yes, housing would be cheaper if 40% of the population were living on the street because they couldn't afford a mortgage. Lots more supply to go around. Blaming the AMA for healthcare costs is a unique take. While I can't say they are completely innocent, they are absolutely not a major factor in your insurance quote.
- nickff 6y agoMost healthcare expenditure goes to paying wages; doctors and nurses' wages make up a very large proportion of insurance expenditures, and their respective associations have successfully restricted supply to drive up their wages. The AMA is doing a very good job of making doctor's salaries in the USA much higher than in most of the developed world.
- pydry 6y agoIt's not interesting at all. When the government created undischargeable-in-bankruptcy loans for 17 year olds to get them into debt for life so they would need to be pliant, obedient workers for businesses owned by the 1%, on whose behalf did you think they were doing it? The students'?