Quote:
Originally Posted by rstevens62
What about all the taxes that person has paid?
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I am certainly not for privatization (in most cases), but it should be noted that most ALL Americans pay less in taxes than their "cost" - hence, debt and deficit of the government.
So, no, you didn't build that. It's built but the congress critters and supporters of tax cuts have put the bill onto our kids and grand kids.
The real answer is, as usual, very simple....
1. Higher taxes.
2. Insurance (regulated)....
Ever since I studied Wall Street I have come to the conclusion that people (humans) have a tendency to make simple things complicated. Note all those various charts and terms that Wall Street uses....despite that fact that a monkey throwing darts at the stock page beats their averages......
Coalitions between government and industry can work out most problems. I'll give a perfect example - Auto Insurance!
2 decades ago, in NJ, I was paying about 3K per year for 2-3 cars and 2-3 drivers (2 adults, one young adult - nothing fancy in cars). Using inflation, that would be 7K or more today.
Yet I am paying only 1200 a year now for 2 adults and two cars in New England. Wow....that's like an 80% reduction! But why????
Math. Regulation. In NJ, there was not enough regs and everyone sued everyone else. The load was not distributed, so if you got in an accident you paid big time....for years (sometimes forever).
In MA, the insurance commission made a number of smart moves (other states have also done so) including limits, doing away with frivolous lawsuits and awards AND, most importantly, limits (like the ACA and RomneyCare, etc.) on the profit margin of insurance companies.
And so, those people (lawyers, cheaters and lazy folks) who formerly made their living suing people for a 5MPH fender bender are no longer successful. But "The People" are happy and prosperous.
I have health insurance. I have car insurance. I have boat insurance. I have umbrella insurance. I have homeowners insurance...and I pay plenty in taxes. All of the above help with the "common good" - and make it so I don't have to worry much if and when I need "saving".