Joe Worker goes to work, he gets paid for that work he uses that money to buy food, clothes, etc. The store he buys that food, clothes, etc at uses that money to pay it's workers, who use the money they earn to pay for goods and services, the businesses they buy their goods and services from use their money to pay for loans, bills and their workers one of whom is Joe Worker, etc. Round and round it goes where it stops no body knows. Capitalism is the trade of money for goods and services, the suppliers of those goods and services then use that money to pay workers and trade for goods and services, the workers then use their money to pay for goods and services. It cycles round and round, the more the trading goes on the stronger the economy.
That minuscule slowing of the flow of money does not effect the economy in any detectable way, it is simply too small but think of the many, many people in Joe Workers situation, the many people who get treatable illnesses but can not get treated right away because they don't have insurance or can't afford the co-pay. How much money has been lost because people get too sick to work because they couldn't afford to go to the doctor and catch an illness while it's still easily treatable? How much has that lose weakened the economy? How many people have died because they took too long to go to the doctor and their illness was too far along to be treated?
Socialized medicine benefits an economy, it strengthens it. By giving people a way to afford to go to a doctor they can catch many illnesses while they are still easily treatable and treat them. As a result many people would miss far less work, make money, spend that money and the businesses then use that money to pay workers, buy products and pay bills.
A know what many will say: Health care costs money where is that money going to come from? The government will have to raise taxes on everyone and that will hurt the economy.
No, not every one, the rich. Just raise taxes on the rich. I don't understand why people don't want to tax the rich, even if your rich, your fucking rich you can afford it. The . If a person makes $200,000 a year and pays 50% in taxes he keeps $100,000, twice the US median income, if a person makes $500,000 a year and pays 60% in taxes he keeps $200,000 and if a person makes $1,000,000 and pays 70% in taxes he keeps $300,000. Again the median income is about $52,000. I'm not talking about taxing people into poverty and 70% is excessive even for a 7 figure income (I only used that as an example).
I have more to say on the subject of taxes but I'll save it for a future post. Edit: And that post is here.
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[...] my Socialized Medicine Strengthens an Economy post I have a brief paragraph about taxes, in this post I'm going to expand on [...]