Add to it that all our retirement accounts are invested in these companies, and it kinda looks indistinguishable from a really roundabout way to have a very-regressive redistributive retirement scheme that also has crazy-high fees (whatever part of the overpayment to healthcare companies that doesn't make it to shareholders is basically part of the account management fees)
Yes, I'm suggesting that like 10% of our nominal GDP is actually a deeply fucked up regressive wealth redistribution scheme that doesn't buy tangible productivity, but is essentially a tax-like drag on the economy, but way less efficient than most government-run redistribution schemes. Because it is.
Yes, I'm suggesting that like 10% of our nominal GDP is actually a deeply fucked up regressive wealth redistribution scheme that doesn't buy tangible productivity, but is essentially a tax-like drag on the economy, but way less efficient than most government-run redistribution schemes. Because it is.