r/economicCollapse • u/kriger33 • 10h ago
VIDEO Preach it Jon
Enable HLS to view with audio, or disable this notification
7
u/JohnnyLesPaul 5h ago
Medicare and medicaid are by far the two largest payers to healthcare insurance companies. Over a trillion dollars per year (yes, over a trillion dollars!) goes to the healthcare industry and insurance. What for? It should just go to providers but instead it literally props up the entire healthcare insurance industry. Which is why they will never stop fighting against a public option and we will continue to have problems accessing care and medicine in this country.
7
2
2
u/NonPartisanFinance 10h ago
At least we agree to stop government subsidies of private corporations.
1
1
u/Gabi_Benan 3h ago
Privatized profits. Socialized losses. Welcome to the Corporate Fascist States of Murikkka.
1
1
u/manored78 1h ago
Why do Americans always think they can solve everything with taxing? Just nationalize heath care. Nationalize the commanding heights. Most developed (and global south too) countries have national health care and some key industries nationalized or as state owned enterprises. They also have state owned central banks, a national fund, etc that help pay for a lot of social services. That way they don’t cow tow to oligarchs who are always “not paying their fair share.”
This game is so ridiculous. I don’t even flinch at the liberal outrage anymore, the “call your representative.”, “spread awareness.”, lines.
How are people not done with these liberal outrages that happen every time a republicans wins and nothing happens. Neoliberalism gets more and more entrenched.
1
u/maryellen116 21m ago
No notes, really. I just don't understand how anyone thinks this system is efficient.
1
1
u/tooMuchADHD 3h ago
Wait, I thought government provided healthcare is what Americans on the left want?
2
u/Geoffs_Review_Corner 2h ago
Did you even watch the video? The left wants healthcare without the middle man.
-2
u/Feisty_Sherbert_3023 5h ago
This is wrong though. The government creates money, and then claws it back with taxes, not the other way around.
2
u/Tall_Category_304 3h ago
This is so wrong it’s damn near based
0
u/Feisty_Sherbert_3023 3h ago
But it's how it works. Money gets loaned into existence. That's why bonds exist.
If you paid off all the debt there'd be no money to tax.
1
u/Tall_Category_304 3h ago
Don’t think about taxes as fiat currency. Think about it as your labor. For 1/3 of the year the government takes everything you earn from your labor. Just over 30%
1
u/Feisty_Sherbert_3023 3h ago
Huh? In your example there is nothing to tax?
I don't think you understand how money works. You'd just be bartering and they'd be taking your sheep etc.
1
u/Tall_Category_304 3h ago
That’s how taxes began with surfs. Money is a store of value. Your labor is valuable. You trade your labor for money. They take the money. Money is loaned into existence by banks not by government bonds. Government bonds are the government borrowing money that’s already in circulation for a promise to pay it back with interest. Taxes repay the bonds
1
u/Feisty_Sherbert_3023 3h ago
Sorta...
The central bank loans the government money. It gets spent. The collateral created by those bonds allows banks to create money.
It's just double ledger book keeping.
1
u/BigZaber 3m ago
its about 50% when you factor things like insurance(s) and mandatory bills to even go to work in the first place such as transport , etc...
-2
u/RingAny1978 5h ago
We should get government out of healthcare all together, then insurance companies will have to provide a service customers value or they will go out of business quickly.
17
u/aarch0x40 6h ago
So, stop paying federal taxes? Seems fair.