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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.33+0.7%Nov 18 4:00 PM EST
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To: John Vosilla who wrote (113189)9/5/2015 8:42:09 PM
From: THE ANT  Read Replies (2) of 217862
 
John, spending on health care is not a bad way to keep people employed. When technology does away with whole groups of workers such as coal miners and soon truck drivers and agricultural workers, the work has to go somewhere. When technology does away the jobs of those workers their cost to society is pretty much free. The cost of the product they were producing falls and the money society keeps can go somewhere else. Unlike that silly clunkers for cash give away where the money went straight overseas, almost all health care spending is in country salaries and in country products. Little oil use and little pollution. The interesting thing is I pay almost 45% of my private practice consulting income directly back to the Federal Government and State in taxes. That 275K is not near that costly to the government. The money I kept in the last year from that private practice (I have another job) went mostly to help my daughter make a down payment on a house and two boys in college. Most of that went into others salaries and the cascade of taxes probably reduces that 275K to 50 K. Very little health care spending goes overseas as far as I can tell. I would love to see the SS tax eliminated and made into a 7.5% VAT .It would motivate people to work, leave low income workers beter off and collect a lot more from those who are wealthy
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