Financial, Economic and Social Mood Update (September 1, 2021)
80 percent of Americans now pay $10 or less per month for health insurance (evidence of a highly subsidized price) whereas some people on the other end of the financial spectrum pay thousands of Dollars per month for the same type of health insurance. This is yet another example of socialism wrecking the economy of the USA. Healthcare in the USA is by far the most expensive in the world, but the end product is far from being the best – health in a number of other countries is actually quite a bit better.
The government first entered the healthcare industry in a very big way in the USA upon the advent of Medicare in 1963. Up to this time, healthcare in the USA was very affordable. Most people visited a doctor’s office upon a walk-in basis with no appointment needed. Most people paid for services in cash, which was very reasonably priced. Women giving birth in hospitals would often stay until they were ready to return home – there was no pressure to leave as soon as possible. Doctors even made house calls, visiting people in their homes. Very few people had medical insurance. People with medical insurance included those with long term health problems or those employed by larger employers such as the government and larger companies.
The “goal” of socialist government is provide “free” and “universal” healthcare. In truth, absolutely nothing is free. Those who have to pay the bill are the ones who suffer the most. And when a government spends too much money, the national currency becomes worthless – something we are experiencing first hand right now. Furthermore, the end result will not be that everyone has good healthcare. The end result will be that nobody has good healthcare. That is the irony of socialism – the end result is often the exact opposite of what was originally intended.
No society has ever, can or will ever last when 80 percent or more of its members are supported by such a social welfare state. 64 percent of Americans now rent their home instead of purchase it / own it – more evidence of the disappearing middle class and more evidence of the scourge of hyperinflation. 61 percent of Americans paid no income tax in 2020 – the highest percentage in over a century since the inception of income tax in the USA. As in the ancient Viking ships, everyone had to partake in rowing the oars – there is no other way to function. The goal of this socialist administration in Washington, D.C. is raise the number of Americans on welfare to an even higher number – perhaps in excess of 95 percent of the entire population. But nothing in life is ever “free.” The cost of welfare is the destruction of individual initiative, self-worth, pride, freedom and liberty.
