Obamacare - Let's Do the Simple Math (Even Liberals Can Understand)

Well, I'm glad that you think you are smarter then EVERY economist in the world. Maybe you should have explained this to the Soviet Union.

<<<mod edit>>> flaming

 

You can't answer because there is no answer. Russia didn't fall because of giving (in a communist country mind you) everyone a bag of loot to go squander...

Inflation is a word to keep the sheep scared - it doesn't exist...

 

Please educate yourself:

http://www.sjsu.edu/faculty/watkins/russianinfl.htm

 

You ask me a question that doesn't make any sense. What does it state? wtf.

No matter what is in the Romney bill, all I need to do is tell you to read the 10th amendment. And I don't care whats in his bill, it was a state issue. move along.

 

I get it. You have an opinion and don't want to be bothered with facts, statistics etc... that don't support that opinion. It's natural.
No. What I mean is that people WITH insurance will file bankruptcy within 18 months of a major illness or injury.
That results from the way insurance is structured here. If you get cancer for example, the total medical costs over the course of six months are going to average between $180K and $300K (Yes that's right!)
I'm sure your coverage is absolutely stunning but most plans leave the patient on the hook for 20 - 40% plus co-pays for visits and prescriptions. So at the same time they are unable to work because of sickness, they get hit with gigantic medical bills - which end up going unpaid because they file bankruptcy - which drives up the cost of delivery. Those are just facts about our healthcare system. ObamaCare doesn't fix ANY of that. The only thing that would, would be a public option.

 

So should you... I believe Russia was in the top 5 economies in the world in the 1990&#8217;s. Also, there was, in the 1990&#8217;s a huge separation between the rich and poor, companies were being taken over, like hostile takeovers&#8230; It was and had nothing to do with giving everyone money&#8230;

 

You don't think much of America's producer class, do you?
Our currency's value is derived from the "full faith and credit" of the "United States"....

How do you think that "promise" is kept?


Yes...by the continuing, *increasingly collateralized* creativity, inventiveness, industriousness and production of the citizenry....specifically, the "rarity" of such.
If citizens were handed one million apiece in fiat currency, the "value" of those dollars would plummet because
the "rarity" of American "labor" that underwrites them would have little meaning or value.

 

WASHINGTON (AP) — GlaxoSmithKline LLC will pay $3 billion and plead guilty to promoting two popular drugs for unapproved uses and to failing to disclose important safety information on a third in the largest health care fraud settlement in U.S. history, the Justice Department said Monday.

Accompanying the criminal case was a civil settlement in which the government said the company's improper marketing included providing doctors with expensive resort vacations, European hunting trips, high-paid speaking tours and even tickets to a Madonna concert.

The $3 billion combined criminal-civil fine will be the largest penalty ever paid by a drug company, Deputy Attorney General James M. Cole said. The corporation also agreed to be monitored by government officials for five years to attempt to ensure the company's compliance, Cole said


So how do costs rise and nobody wants to do anything about it because we have the best health care system in the world??

 

Yes… What does it state… Learn Anglish…

How are you going to respond to my post – not understand it – not understand basic English – then tell me to move along… You posted some retardation and now are trying to cover it up? Oh, no… You’re not getting off that easy!! If you are going to post retarded diarrhea from your fingers, you’re going to have to smell it.

What part of my post are you not understanding… The word “state”, “Democrat”, “Republican”, “Romney”, or “Hospital”? I am here to help you out… I see you’re struggling with basic Anglish and sentence structure… Putting in words like “Obamacare” when they were not in the original text (do you understand text?)…

How can I help you post something on, at least, a third grade level?

 

Could you please &#8220;elaborate&#8221; on the part bolded please..

 

If I, along with everyone else, have been handed a million dollars, what compels me to spend a week sweating in the summer heat painting someones home for a couple thousand dollars?

correct....absolutely nothing.

so for me to make it worth my while to get off my ass, the price of my labor must reflect the "new" purchasing power of the currency...to wit, I'd probably charge about $20,000 for what would normally be a $2,500.00 job.

economic birds and the bees stuff.

 

Here is a BLOOD TAX we all pay because of RepubliCONcare:


http://www.pnhp.org/news/2009/september/harvard_study_finds_.php


Harvard study finds nearly 45,000 excess deaths annually linked to lack of health coverage


Lack of health insurance now more lethal




Someone do the quick math: calculate the cost to society of 45,000 DEAD Americans every year multiplied by 30 years or 1,350,000 DEAD Americans. This is a BLOOD TAX we all pay in terms of lost productivity and unpaid taxes. While the forum RepubliCONs rejoice in these deaths, you have to pay for these losses.

How many of you who call yourselves patriotic join with those RepubliCONs in their laughter and joy?

 

I know, loved the way you put it!! BUT, we can see history and see that is not actually what happens on a whole. People would still work&#8230; People would save, invest, all kinds of crazy things&#8230; Yes, some people would squander away their money and not work, but that is not the majority. Also, as we well know, the price of &#8220;everything&#8221; goes up regardless of where our dollar is at.

 

I do owe you an apology. I took you as a troll, but I went through some of your older posts and you are not as "trollish" as you first seemed to me.

However, to claim that "hyperinflation" and even "inflation" in general does not exist is just not a statement one would expect from someone being serious. You will not find any serious economist that would agree with you.

 

No worries&#8230;

I will say this, unless tried straight and true (tested) I do not believe in &#8220;inflation&#8221;. Why? Because they are under the assumption all will act and go about their days exactly the same. Flooding a country with money and monitoring prices (so they don&#8217;t jump) would not drop the value of the dollar unless we let the prices skyrocket. It&#8217;s like the gas prices now. They knew how much they wanted gas to be at&#8230; So, what do they do? They hike the price up WAY BEYOND what they have previously arranged the gas to be at, then lower it so &#8220;the people&#8221; (sheep) will be thankful that it didn&#8217;t stay at that higher price&#8230; Every time our gas goes up &#8211; that is exactly what happens, and the sheep just take it!

Also, I think those &#8220;flations&#8221; can exist if they are purposely created.

 

It comes out to be 42.252trillion...

 

Since you seem to not be trolling, I will address your statement:

You are correct that the currency will not go down. $1 will still be $1. However as people start spending that money, the price of items in a competitive market will go up under the rules of "supply and demand". Prices will not longer be set based on manufacture and overhead costs, they will be set based on what a retailer can get for an item. If everyone bought a Benz with their money, the price of a Benz E-Class will go from $57,000 to $570,000. Some of that added profit will filter down to the workers in the form a increased wages, but wages seldom keep up with the increased rise in cost of consumer product.....that is inflation.

Very soon, in your system, the Government will either need to increase the denomination of their bills, or consumers will need to purchase a wheel barrow (at $50,000) in order to carry the money to the store to purchase a gallon of milk. When the Government STOPS printing money, the system collapses due to hyperinflation.

If you think your system works as you say, you should ask yourself "Why doesn't the Government just print money and give $1 mil to every citizen".

 

I don't think that would be the case as "everything" wouldn't increase in price. If Benz raised their price and BMW didn't the market would switch over to BMW until they raised their price and got cut off or Benz dropped. In an ideal situation everything would raise, but that is not reality. Only companies that have cornered their market (monopolies) like cable companies and so forth without competition would have this luxury...

They were thinking about it&#8230; Also, the state of Oregon did it a couple years back &#8211; well&#8230; not $1mil, but from $500 and up depending on your taxes&#8230; We worked out okay! Nor did companies say, &#8220;Hey, Oregon just got a bunch of money&#8230; let&#8217;s raise prices!&#8221; Since this is my experience, I don&#8217;t think it would happen on a large scale since we would all do different things with our money&#8230;

 

= Bürokratie and higher costs for us all.

 

We are still waiting for you to explain to us how a 12 page state bill is the same as a 2,700+ page federal law. Thanks

 

Oregon's simply not large enough to destroy the national economy by pulling a trick like that.

 

If everybody started to buy a Benz, Benz would have to up there production as they can not supply millions of Benz's overnight. Same thing with BMW or any make that has a higher demand then supply. That means more factories, more workers, and more material. Sure, you might get in initially at the ground floor of prices for some make, but eventually the prices would skyrocket to keep up with demand.

If you made 300 widgets a year and the demand was 299 a year, you could sell them at production + overhead + profit. If the demand suddenly went to 300,000 a year, you would instantly increase profit on your inventory of 300, as you would need to expand your business to produce more widgets. That expansion increases your overhead. Eventually, once your supply matched demand, you could decrease the profit margin to stay competitive. However, if your employees are now accustom to making double and triple wages from where they were before demand went up, they will not be happy to see those wages decrease. This will increase manufacturing cost which raise the cost of the widgets.

Are you talking about the stimulus or the "kicker" refund....I'm guessing the stimulus. Either way, $500 isn't that much compared to the average household income, so the effects were minimal. Also, Oregon did not "print" the money.

p.s. get out of my mother's house!

 

I thought if demand is UP the price DROPS&#8230; Isn&#8217;t that textbook supply and demand?

Buying in bulk is cheaper&#8230;

But, nothing went up in cost. $500 was the minimum &#8211; it went much higher and I forgot what it was&#8230; I didn&#8217;t get it because I filed late&#8230; but, why didn&#8217;t everything raise in price knowing we had all this &#8220;extra&#8221; money?

She&#8217;s fixing me a chicken pot pie&#8230; no&#8230;

 

No, if demand is up, prices increase. If supply is up, prices decrease.

If you have 5 widgets and 10 buyers, you will get a better price per widget then a situation where you have 10 widgets and 5 buyers.

Only if its an item a person needs in bulk and it isn't perishable.

Some items went up, but not noticeably, since $500 is not a large influx of money. You are talking about putting a teaspoon of dirt into Crater Llake and then stating that whole whole lake didn't turn brown.

Lol....watch out for the seeds.

 

You state first that if demand is up price increases, then gave an example of what I stated, the less amount with more buyers gets you a better price. Thus, if we gave people 1mil in currency they would get fabulous stuff&#8230; We would monitor prices hikes and all would be fabulous.

Not perishable, but still cheaper&#8230;

Not really, and Crater Lake is the deepest lake there is in the world&#8230; I would say that it&#8217;s more like every person in Oregon putting a tablespoon of dirt in Crater Lake at the same time&#8230; If what you say is correct, the markets here would have increased, and they didn&#8217;t, because the lake would turn brown at that point &#8211; until the dirt settled, as the incomes settled back to norm in the case of giving people money&#8230;

You mother has seedless chickens&#8230;