4 ms·
> if we're spending 20% of GDP on something other countries accomplish with 10%, then that's a huge waste I don't think that money is necessarily a waste if it
by soheil 4y ago
> if we're spending 20% of GDP on something other countries accomplish with 10%, then that's a huge waste
I don't think that money is necessarily a waste if it goes back into the economy one way or another. There are very few things that are actually a waste, one example is probably flying first class or private jet. If you literally burn money then it's clearly a waste. A part of me thinks the huge cost of healthcare is contributing to more R&D by the big pharma and possibly the reason we're seeing RDNA breakthroughs. Yes a lot of that money also ends up in the pocket of people running the show, but they most likely then invest it with a Blackrock which in turn pushes the money back into the economy in form of private equity, VC funds, etc. For the record I don't like the high healthcare prices and wish US was more similar to other countries in this regard.