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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (630440)10/4/2011 10:22:18 PM
From: SilentZ1 Recommendation  Read Replies (5) of 1579459
 
>I'm not sure you understand what inelastic demand actually means.

>It doesn't mean cost necessarily goes up. It just means what you already said it means, but it also means that small changes in supply will have big changes in price.

I certainly do understand what it means. But if you have a heart attack, are you going to shop around for a heart surgeon? Providers can pretty much charge whatever they want, as long as they don't raise prices so quickly that the frog (us) notices that the water's boiling.

Nearly 60% of bankruptcies in the United States today are at least partially due to medical conditions. Almost no other modernized nation has that issue. We're doing something wrong.

>Doesn't mean he wants to destroy it. But it does mean people like you are very frightened of change.

I'm very frightened of THAT change. Before Social Security, half of the elderly died in poverty. Today, that percentage is in the single digits. Why introduce significant risk into a system that has worked so well, and might, just might, need a few tweaks? What happens to the person who has to retire in a downturn of the stock market?

-Z
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