Question 81
The Left wants to defund the police. Does the Right want to defund the FBI?
Does the president have the authority to forgive debts? Is that question more important than the inflation risk?
Justice Thomas to the media: "I will absolutely leave the Court when I do my job as poorly as you do yours."
A groundbreaking 2019 study by four economists, “Capitalists in the Twenty-First Century,” analyzed de-identified data of the complete universe of American taxpayers to determine who dominated the top 0.1 percent of earners.
The study didn’t tell us about the small number of well-known tech and shopping billionaires but instead about the more than 140,000 Americans who earn more than $1.58 million per year. The researchers found that the typical rich American is, in their words, the owner of a “regional business,” such as an “auto dealer” or a “beverage distributor.”
Perry on the direction of health care costs: "One of the reasons that the costs of medical care services in the US have increased more than twice as much as general consumer prices since 1998 is that a large and increasing share of medical costs are paid by third parties (private health insurance, Medicare, Medicaid, Department of Veterans Affairs, etc.) and only a small and shrinking percentage of health care costs are paid out-of-pocket by consumers. According to government data, almost half (47.1%) of health care expenditures in 1960 were paid by consumers out-of-pocket, and by 2020 (most recent year available) that share of expenditures has fallen to only 9.4% (see chart above). It’s no big surprise that overall health care costs have continued to rise over time as the share of third-party payments has risen to more than 90% and the out-of-pocket share has fallen below 10%. Consumers of health care have significantly reduced incentives to monitor prices and be cost-conscious buyers of medical and hospital services when they pay less than $1 themselves out of every $10 spent, and the incentives of medical care providers to hold costs down are greatly reduced knowing that their customers aren’t paying out-of-pocket and aren’t price sensitive."
"...it is difficult to spot any obvious correlation between the pandemic–suppressing measures taken by different members of the WHO, and the outcomes in terms of excess mortality. This suggests we should be more tentative about what works, and probably have much still to learn about how such viruses spread. Mask-wearing was far less common in Sweden than in Britain, yet we had twice as many excess deaths, though most Swedes live in urban environments, like us. There’s a strong case for serious and exhaustive study of the role of masks involving human challenge trials, about which (to my bafflement) there seems to be some kind of academic horror."--Parris
Justice Thomas to the media: "I will absolutely leave the Court when I do my job as poorly as you do yours."
A groundbreaking 2019 study by four economists, “Capitalists in the Twenty-First Century,” analyzed de-identified data of the complete universe of American taxpayers to determine who dominated the top 0.1 percent of earners.
The study didn’t tell us about the small number of well-known tech and shopping billionaires but instead about the more than 140,000 Americans who earn more than $1.58 million per year. The researchers found that the typical rich American is, in their words, the owner of a “regional business,” such as an “auto dealer” or a “beverage distributor.”
Perry on the direction of health care costs: "One of the reasons that the costs of medical care services in the US have increased more than twice as much as general consumer prices since 1998 is that a large and increasing share of medical costs are paid by third parties (private health insurance, Medicare, Medicaid, Department of Veterans Affairs, etc.) and only a small and shrinking percentage of health care costs are paid out-of-pocket by consumers. According to government data, almost half (47.1%) of health care expenditures in 1960 were paid by consumers out-of-pocket, and by 2020 (most recent year available) that share of expenditures has fallen to only 9.4% (see chart above). It’s no big surprise that overall health care costs have continued to rise over time as the share of third-party payments has risen to more than 90% and the out-of-pocket share has fallen below 10%. Consumers of health care have significantly reduced incentives to monitor prices and be cost-conscious buyers of medical and hospital services when they pay less than $1 themselves out of every $10 spent, and the incentives of medical care providers to hold costs down are greatly reduced knowing that their customers aren’t paying out-of-pocket and aren’t price sensitive."
Which is to say, no product or service is infinite. Rationing always occurs; the question is always where and by whom.
"...it is difficult to spot any obvious correlation between the pandemic–suppressing measures taken by different members of the WHO, and the outcomes in terms of excess mortality. This suggests we should be more tentative about what works, and probably have much still to learn about how such viruses spread. Mask-wearing was far less common in Sweden than in Britain, yet we had twice as many excess deaths, though most Swedes live in urban environments, like us. There’s a strong case for serious and exhaustive study of the role of masks involving human challenge trials, about which (to my bafflement) there seems to be some kind of academic horror."--Parris
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