The scale of the US public debt is over thirty trillion dollars. The scale of the deficit is one and a half trillion dollars a year.
Which only really matters... all of the sudden, when we need to make up a reason for it to matter.
Neither of us can conceptualize what the real difference between a deficit of 30 trillion and, oh I dunno, 31 trillion. Neither of us could tell the other what actual impact a deficit of 32 trillion would be on our day-to-day life. It is a meaningless number.
I mean, I can. It indirectly impacts my finances because of the effects on interest rates, inflation, the stock and bond markets, commodities... It's not my fault if you don't understand those things.
I didn't say it will collapse into rubble. I said it would increase the deficit. It also reduces quality of care. However, it's a fact that those countries' healthcare systems are heavily subsidized by the US.
You said, and I quote:
- "How are you going to do this without collapsing the stock market, eliminating people's retirement savings, and devastating the economy? "
-"when people are poor, starving, and dying because of your policies"
You did not just say it would increase the deficit. You are saying that universal healthcare, something that just about every other country in the world has, would collapse the economy, drain all our life savings, and make everyone poor, starving, and dying.... You are doomsaying in a ridiculous matter and I can't take you seriously.
Bro, you listed three separate policies.
Single-payer healthcare
on its own would only mildly impoverish us.
This is what I mean about projecting about not knowing anything about the economy. If you give a rich person $1000 dollars, it get's stored away.
This is the most common stupid misconception among people who don't have money. It gets spent on investments, either directly or via a bank, which means it goes to other people and companies, who then spend it in turn on other things. Poorer people are
more likely to stuff money into a mattress. If you don't even know this, what do you know? Anything?
The people who tracked who got what healthcare and how much the hospital needs to be compensated for it, still need to do that.
Do you imagine that you will need all of them? Even though they are currently all spread out across many companies with enormous redundancy? You don't intend to simplify the system at all? In that case, then the government now has to pay all of them just as much if not more than before, so you increase the deficit again.
It's the CEOs that will disappear. And some extra things like all the individual lawyers, but their jobs don't outweigh the burden that will be lifted from everyone else's shoulders. They can get other jobs.
So you want them competing with you for window guy at Wendy's? The net effect of reducing jobs is always either wage suppression if there's room, or unemployment at the margin where you hit minimum wage laws.
And here we go again. Meaningless assertions. Someone gives you a clear example or explanation and you just go "Nu-uh!" and pretend that you are right by default. Not even attempting to explain anything. Because you don't have an explanation.
I literally went on to explain immediately that sentence.
No one said that removing some CEOs money from some tax havens would fix the entire US deficit. It would simply keep more money in the US, circulating harder, which would decrease the deficit, because people spending money means taxes. And you know this. You already pretended that you were just arguing about decreasing the deficit, but when it comes to my arguments, O well suddenly they need to fix the entire deficit.... It's just so blatantly dishonest.
You said that removing money from tax havens... somehow, even though those havens aren't under US jurisdiction in the first place, would allow you to break even on single-payer healthcare.
I'm telling you that the amount of money that actually goes into tax havens from the US is
peanuts. It's just not a thing, the idea that CEOs in the US hide huge amounts of money is a myth. The actual amount is a rounding error. You will not even notice it.
And the idea of "circulating harder" is the "I pay you $60 for your bucket of shit, you pay me $60 for mine" fallacy again. Yes, the US can extract its cut from both shit buckets, but the net effect of the nonproductive activity is inflationary, so the money it gets is worth less. It's a red queen's race.
Anyway, I want to fix health care prices by increasing supply of health care workers
How? Are you going to pay them more (whether in real terms, or by making training cheaper), or shanghai people into being nurses? What happens when you run out of people with the basic qualifications to be health care workers? Not everyone's cut out for it. Are you sure scraping the bottom of the barrel will be worth it?