Moon Kil Woong
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Capitalism, Socialism and 10-Year Returns of Country ETFs [View article]
One of the biggest taxes of our industry is the amount businesses have to pay to give basic healtchare to their employees. With health insurance costs outpacing inflation and real growth in earnings by businesses it is no wonder America's businesses are in trouble.
If not universal health care we need some mechanism to hold these costs in check and get the insurers and lawyers out of the food chain. They are like maggots on meat. They spoil the whole dish no matter how good our doctors, medical practitionors, and treatments are.
Because of that, we now pay the highest price (the greatest percent of our GNP) to healthcare and are rated worse than the top 10 industrial; nations (partially because some people can't get treatment or you can't get proper care because they try pushing you out of the hospital or doctors office as fast as possible. It is a mess. Take medical expenses into account and corporate taxes rise astronomically because you pay them whether or not you're even profitable.