willbeurdaddy
Posts: 11894
Joined: 4/8/2006
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quote:
ORIGINAL: joether
quote:
ORIGINAL: willbeurdaddy
And thats why accountants are not economists.
Really? So accountants can not get degrees in economics? And economists can not become certified public accountants? Your an idiot if you think this way, willbeurdaddy. I actually happen to know a guy whom holds a Ph.D. in Economics, that is a CPA. strawman
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ORIGINAL: willbeurdaddy
Lets take an extreme "bankruptcy" scenario. Assume health care demand is totally price insensitive...demand will not go down regardless of the price.
Since we are talking extreme bankruptcy scenario's: The Republicans on Wall Street, decide to give the American people, the $18 trillion they embezzled over the last three years. After which, they vow to live a life of poverty, to make up for their selfish and greedy ways. I can play this game too,...all day long. Since 'extreme' scenario's are often rigged. That the reader is given no options, except to totally agree with the writer. Since that is not going to happen, it is best concluded, much....sane....forms of economic models will take place.
imcomprehensible or irrelevant, havent figured out which
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ORIGINAL: willbeurdaddy
Health care costs get so exorbitant they crowd out all leisure activity, new clothes, new cars etc. The next step is to choose between food/shelter and health care. What wins? You dont eat it is certain that you die. therefore the original assumption of total price insensitivity is proven wrong.
And here we have, one of the basic cornerstones of 'conservative philosophy'. The idea, that taxes (metaphor is 'health care' in your example), takes up money, that could better be spent on your materialistic ego. Things that do not add wealth (like investments), nor add to the quality of life (volunteering funds to charity, for example), are ignored. Purchase of items, is for the immediate gratification of the individual's need to feel 'normal'. When this sort of person, runs out of positive line of credit, they (due to their addiction), drop in to debt. The need, to satifiy the lust and greed for more 'things', becomes, so awesome of a sensation. That it over-rides reason, common sense, and wisdom. non sequiter. My hypothetical doesnt have a fucking thing to do with taxes
For instance, willbeurdaddy, if I asked you "how much did you pay in taxes last year". You would tell me, your state/federal income taxes. But I didnt ask for income tax. I ask for ALL your taxes. A number, I am pretty sure, you have no clue off. If taxes were dropped 10% the following year; would you even notice? Of course not. But you would be complaing the following year, that taxes need to be lowered again. By your own materialistic ego, you blew through any savings you might have had, to fulfill the need of the materistic addiction you hold. That REALLY, is what is effecting most conservatives in this country, willbeurdaddy. Not taxes, not health care, and certainly not Mr. Obama.
You however, have never studied economics 101. Since a basic concept within it, is the supply and demand of heroine addicts. Do you know what the 'demand' line on a 'S & D chart' looks like, for heroine addicts, willbeurdaddy? Its a concept taught in every college level, econimics course. All business majors are required to take it. But you dont know this, as I pointed out above, with the whole 'accounts are not economists' bullshit of yours. youre an idiot and prove it here
The problem with conservatives on the issue of health care, within the USA, is rather simple. They need, want, crave (much like a heroine addict...a hint for above on the s & d chart question), a silver bullet. Something that is, absolutely easy to understand....like 1+1=2. Yes, THAT simple. When was the last time, any of us, saw willbeurdaddy post something, very intelligent, thought-out, and educated-like? Health care, unfortunately to conservatives, requires high level thinking and reasoning. Requires time to study, test theories, and build a better framework, with the current hog-pog of laws currently on the books. Could you explain to all of us, willbeurdaddy, what the 'donut' hole concept in health care, is in reference to? Without looking it up. Given how you answer things; I seriously doubt it.
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ORIGINAL: willbeurdaddy
Once you have price sensitive demand in the equation, health care costs would eventually self control and long before it reached that nightmare scenario. That is the nature of the free market.
By this point, I think it is fairly clear, your understanding of ecomonics, is like your understanding of the 2nd law of thermodynamics. Any physics student, would have studied economics in college, if he was intelligent.
A 'price' is not assocated just with demand, but supply as well. In fact (economics 101), the point on a graph in which demand and supply lines meet, is the price.
if you want to extend a simplified model that focused on demand to supply go right ahead. the conclusion will be the same...that no product or service can bankrupt an economy
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ORIGINAL: willbeurdaddy
It is absolutely fucking impossible for any product/service/commodity to "bankrupt" the country.
This coming from you, willbeurdaddy; our very own 'master' economist, right? If you REALLY want to be highly technical about it. The 'U.S. Dollar', printed by the Federal Reserve, is a product. no it isnt, its a medium of exchange, as you go on to describe, and again is irrelevant to my hypotheticalIt replaces the 'Barter' system of economics, with the 'Trade' system. Before, if you wanted that Iphone, you would have to trade 100 pigs. Now, it is only a few hundred '$1 USD's. Dollars, are a product, even though, to the generally public, they are not seen as such. So, if the dollar's worth, like pigs with a deadly disease, becomes negatively effected, the usefulness of that product, is greatly diminished. Now, the banking industry, uses these US Dollars...quite...often for transactions. Without going in to deep levels of historical data of the past three years (and none of which you'll understand correctly); lets just say, a bad dollar is indeed, able to bankrupt a country. Most notably, the United States of America (to which the bills are printed in).
WTG all that typing and you didnt dispute a single thing I said with anything of substance
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