I disagree we do it willingly.
The top that gets all the money, is not really creating anything.
They are just middling and doubling the price of everything.
That is especially true with health care, which is over twice what it should be or is in any other country.
One way to achieve equitable outcome would be if government would pool our taxes in order to provide services at half the price we are currently forced to pay.
Such as FHA making housing ownership affordable to everyone, instead of only wealthy landlords who charge rents higher than mortgage payments should be.
Or public health care, that required no prepayment, and instead you paid after the fact and at less than half the cost of health insurance.
That's still wealth transference. I've been a landlord for 30 years, and I dare somebody explain to me how I can foresee my expenses for the year before they happen, because I haven't learned that secret yet. What you're telling me is that government should be able to regulate how much profit I'm to make on my investment that I worked these decades to secure. If they did that, it would be a violation of my Equal Protections Under The Law rights because they don't regulate profits for any other investments.
As far as healthcare, I reiterate the great Ronald Regain "Government is not the solution to our problems, government is the problem."
Health insurance companies make about the same profit on healthcare as they do anything else they insure like cars, boats, houses, rental insurance. Insurance companies are not the problem. The problem is government only pays 2/3 of the bill for their patients. Doctors and hospitals need to recoup those losses, and they do so on private and insurance pay patients. In other words cost transference. That's why when you see medical facilities close down, they are usually in low income areas. There are not enough private and insurance pay patients to recoup losses.
Doctors, specialists and surgeons pay an enormous amount for malpractice insurance. Years ago when you went to see your family doctor, they would treat whatever ails you. Today, your family doctor is a referral service. If you have an ear ache, they send you to an ear, nose and throat specialist. If you have vision problems, they send you to an optometrist. If you end up in the ER, they run you through every test imaginable. This is called
defensive medicine; doctors just trying to cover their ass in case you sue them.
Our government can stop this with a loser pays all law. Sue anybody you like, but if you lose your case, you are responsible for all the financial costs of the person or entity you tried to sue. So why won't government bring about such a common sense practice? Because many of our reps were lawyers, and they are taking care of their own, or perhaps themselves if they don't get reelected and have to go back to practicing law.
Ronald Reagan was right back in the 70's and 80's, and he's correct today.
www.taxpolicycenter.org
