Seeking Alpha

derryl » Comments » Single Comment |

  • Anatomy of a Disaster: The Next Stop [View article]
    Andy,
    You forgot to mention that Ponzi is talking about adding a new element to the social security pyramid scheme: single payer health care.

    Politicians talk of "affordable" health care. Modern health care is a Cadillac, not a Volkswagen. 1950s health care couldn't do a lot for you but it was "affordable". No country is rich enough to provide free Cadillac health care to everyone. In Canada which has single payer health care, services are rationed via many months long waiting lists, and still health care is approaching 50% of the ENTIRE budget of many provinces who have to pay for it. Just replace the IRS with the AMA, give 100% of your income to the medical system, and they will give you all the 'free' health care you want. There may even be a few bucks left over to return to you to buy food. But don't count on it.

    These welfare entitlement schemes were born in desperation in the Depression and massively expanded after WWII when baby boom demographics made them look fiscally painless. Now the demographic is becoming inverted, with few on the bottom paying and many on the top collecting. Meanwhile politicians "bringing good news" have the public believing that all these schemes are realistically possible. They are not. But what politician could get elected by telling this truth rather than reciting the fairy tales?
    Oct 27 01:52 am |Rating: 0 0
All Comments by derryl »
Comments by Ticker
AAPL, ABT, ACWI, ADE, ADRE, AET, AFN, AIG, AIQ, AKP, ALTI, AMED, AMR, AMSC, ANN, APA, APWR, AUY, AXP, AXPW.OB, AYN, BAC, BCS, BFZ, BHP, BIDU, BLJ, BMO, BMY, BP, BRCD, BSX, BWP, BWX, BZF, C, CAF, CAL, CAT, CBS, CCJ, CEW, CHINA, CHK, CHP, CI, CIT, CMCSA, CME, CMF,
derryl is a
Top 100 Commentor
649 comments
Rating: 1216 (1483 - 267 )