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Thomas Kostigen at CBS MarketWatch says:
In just 14 days the problems of the poorest countries in the world -- starvation, lack of education, scarcity of potable water, etc. -- could be solved if each nation donated its military spending budget for just that period of time -- 14 days.
Kostigen also says:
While the richest one percent of the U.S. population saw its financial wealth grow 109 percent from 1983 to 2001, the bottom two-fifths watched as its wealth fell 46 percent.
Alarming? You bet. And here's why: The number of Americans without health insurance climbed 33 percent during the 1990's, according to the U.S. Census Bureau. The biggest indicator of a healthy society -- average life expectancy -- has dropped. People in the U.S. now don't live even as long as people in Costa Rica. Meanwhile the U.S. infant mortality rate has risen, so much so Cuba has a better success rate of bringing healthy children into the world.
Holy sh*t. (Thanks to Chip for forwarding Kostigen's article)
This is a BS. The bottom two fifths in 1983 is mostly in the top two-fifths today. The bottom two-fifths today consists mostly of new families starting out and also immigrants.
If you want everybody to have health insurance, then pass a law requiring them to get health insurance. Right now, they are placing a higher priority on automobiles, cable TV, and other stuff. Even though I lean libertarian, I think mandatory health insurance is better than the alternatives. As with car insurance, we can have a subsidy pool for people who are really poor or really high risk. Just don't pick one person's middle-class pocket to pay for another middle-class family's health insurance. Every dollar of pocket-picking costs $1.50
Posted by Arnold Kling on June 3, 2004 05:47 PM | Permalink to Comment
1.0
Excerpt: As Nathan has already pointed out, when you look at the figures, it is just ridiculous: “In just 14 days the problems of the poorest countries in the world — starvation, lack of education, scarcity of potable water, etc. —...
Read the rest...
Trackback from www.perfect.co.uk, Jun 3, 2004 6:14 AM