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Thread: Severe Threat to Silicon Valley

  1. #11
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    To put it in perspective, the difference in USA healthcare benchmarked against 1st world economies with better health outcomes is about a 1.3 trillion dollar waste (7% of GDP) - larger than the entire US Federal discretionary budget. Fixing health care would be a value to our economy dwarfing tax reform. And you can't blame the government for the waste because the waste dwarfs the government. The waste is about 2x the size of the entire military budget.

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  2. #12
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    The "Soak Me" ratio should include the net amount of Federal funds transferred into the state. As the table stands, it mostly reflects which states have rich people. But the states without rich people are soaking the rich at large, too. Alabama takes in about $6,900 per capita sourced from the rich states.

    The difference between somewhere like CA and AL is that in CA the state can envisage generous benefits (and corruption and waste) because it is swimming in money. AL politicians would probably do that too, if they could.

    As we continue into a future with more and more concentration of production around capital, which is to say the 1%, the question of how to fund society in a healthy way is becoming more urgent. Yesterday's answers - both left and right - are not going to work. They are based upon a false picture of how the economy will work. Like this solar business - if you go look at the USA business that instigated the trade barrier, they are almost entirely automated. That is the future - lots of material goods which make sense, not many humans needed to make them.

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