(02-14-2021, 10:43 AM)Patrick Wrote: Yes I do lose about 55% of my income in taxes of all kinds (including a 35% income tax) and about half of government spending goes to healthcare. But I am glad to do my part so that NO ONE ever has to worry about healthcare coverage.
It should also be noted that the USA pays a great deal more money for the same health services that Canada does. The fact that in the USA Healthcare is a for-profit adventure ensures this.
Having witnessed how PRC performed their 'economic miracle'.
I'll say the root cause is not in the 'money', but in 'how people see money'.
The 'issue' with US monetary system (and also other monetary system with similar structure) is that the 'banks' are privately owned thus operating with 'to gain currency profit' as goal.
This doesn't apply to PRC's banks, all banks in PRC are owned by government thus is operating with 'moving the currency as fast as possible and as wide as possible' as goal. Why should they look for 'currency profit'? Given they can produce the currency (RMB) out of thin air anyway?
How can somebody could suffer a lack of something, when that something is actually being produced from thin air?
The same thing applied to 'health service provider', on many ex-communist countries, healthcare services was provided by the government, all hospital and clinic are government owned. And since government is the one who created the currency, does it make sense for government owned health service provider to seek currency profit as it's goal?
Money and currency should be viewed as 'water' flowing in the river, the smoother it went and the wider area it cover it will bring benefit to all things within that area.
Any effort to 'block' the water by rerouting it to a 'cul-de-sac', should be considered as a 'blockage' to the water flow and will decrease the smooth flow of the water and shrink the coverage area.
And isn't it odd that the people who managed to hold so many non-flowing / stuck water in their private 'cul-de-sac' are considered by the culture as 'successful' and 'wealthy'?