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This is not a sustainable phenomenon, though. Americans can't continue to pay an increasing portion of their income to healthcare while exporting the benefits
by actually_a_dog 5y ago
This is not a sustainable phenomenon, though. Americans can't continue to pay an increasing portion of their income to healthcare while exporting the benefits to everyone else. That's simply absurd.
It's all right here: https://www.washingtonpost.com/business/2020/02/24/this-chart-is-best-explanation-middle-class-finances-you-will-ever-see/ https://www.washingtonpost.com/business/2020/02/24/this-char...
You can't keep squeezing people for more and more and expect to get anywhere in a sustainable fashion. This is the road to collapse. What does macroeconomics say about that?
- colechristensen 5y agoAll economics is cyclical, prices will rise until the pressure causes them to reverse the trend. Pretend any economic trend over a short period will continue forever and they’ll all be unsustainable.
- actually_a_dog 5y agoI'm sorry, but a "cyclical trend" that lasts nearly the length of a human life is not a cyclical trend. What this is is the tendency for the rate of profit to fall coming home to roost. These are probably the last days of capitalism as we know it.