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A key factor is that insurance companies are a big sector, and are in everybody’s pension funds. This is one of the reason that the oil companies get subsidies
by gumby 3y ago
A key factor is that insurance companies are a big sector, and are in everybody’s pension funds. This is one of the reason that the oil companies get subsidies (“green hydrogen” which makes no scientific sense) in the anti-climate-change legislation.
Intuit and HR Block are too small to present that level of opposition.
- kjkjadksj 3y agoThe gain per person from having non profit single payer would probably still be higher than having that sector nuked from your portfolio unless you owned like millions in shares. And if you did own millions of shares, you’d probably be privy enough to see the writing on the wall and buy into a tech company instead with that money ahead of the collapse and public takeover.
- gumby 3y agoI agree with your reasoning, but don’t think it would play out that way. If a big sector from the S&P sank it would drive an apparent large secular reduction in the overall market, and in particular in the index funds. And opponents would seize upon it and beat the drums. Most of the financial news is incoherent and lazy — this would be just another example.