Many Americans get really excited when the Powerball reaches $500 million, but it takes a $1,000 million to make a billion and a $1,000 billion to make a trillion. It has been estimated the total cost of our health care has now reached $3 trillion, yet among OECD countries, we ranked 27th in life expectancy. We may have access to the world’s best health care, but the best is reserved for the shrinking privileged few.
We spend about twice as much for health care as other Organization for Economic Co-operation and Development (OECD) nations. Imagine how much better our lives would be if we could save $1.5 trillion? (About $4,500/person.) Current job creating infrastructure bills are estimated to cost $1 trillion, much of it to be paid for by tolls and fees. (Effective tax increases for the working poor and retirees.)
Today’s workers are not nearly as well prepared for retirement as their parents were at the same age. Sadly many of today’s retirees are struggling in retirement. Where will that leave today’s workers when they retire? Some say they will work until the day they die, but that assumes that someone will be willing to hire and pay them in their final years. Due to growing automation, we have a surplus of workers; demand for workers is on the decline.
We euthanize unwanted and ill pets; we abort unwanted and deformed babies; in fairness why not do the same with the elderly unable to care for themselves? That seemed to be the goal of the recent legislation before Congress. The devil is in the details, and Americans are not paying attention to the details. Could the goal be to dispose of inconvenient people to pay for tax cuts for the 1 percent by pricing the cost of health care beyond the means of millions of Americans 50-64, cutting Meals on Wheels and school programs?