| > It's just math. You seem to be missing a lot of other points from your analysis. > The elite want to bail out because it inflates the money supply...The problem we now face is that equity holders today have decided that bail outs are necessary politically. Let's check the numbers. Collective wealth of all the billionaires in the entire world is 8.6-8.7T USD [1]. Collective retirement and pension assets in just the US is 19.1T USD [2]. So it seems that commoners, relying on the retirement and pension assets, would benefit much more from a stock market recovery than the elites. > Nationalize healthcare. Wouldn't a nationalized system be simpler? Maybe yes, maybe not? UK / France / Italy / Germany / Spain all have public healthcare and have ~320M people between them, roughly the same as the US. And yet, their COVID-19 deaths are ~100K vs ~55K for the US when both the continents had fairly similar advanced warnings. Why is this simpler (and presumably better, from your tone) system producing a far worse outcome? [1] https://en.wikipedia.org/wiki/Billionaire#Statistics
[2] https://en.wikipedia.org/wiki/Pension_fund#United_States |
Pensions are not equity. Pensions also usually fall very high on the cap table, saving them from restructuring in bankruptcy.
> Maybe yes, maybe not? UK / France / Italy / Germany / Spain all have public healthcare and have ~320M people between them, roughly the same as the US. And yet, their COVID-19 deaths are ~100K vs ~55K for the US when both the continents had fairly similar advanced warnings. Why is this simpler (and presumably better, from your tone) system producing a far worse outcome?
That's not really how pandemics work for one; the Milan fashion show arguably killed tens of thousands of people as a superspreading event. The US healthcare system is terrible, whichever way you slice it (cost, infant mortality, outcomes).