I am not trying to bee ignorant, but could someone help me understand this?

Currently as it stands, healthcare companies paid out something like 5T in 2023. If we were to get universal healthcare; that cost would likely rise- because isn't the whole point for everyone to get what they want- and if that's the amount with denials- wouldn't it be higher?

The government made almost that same amount in taxes last year.

I know the government operates at a deficit but there would NEED to be a tax increase of mass proportions (to DOUBLE) in order to continue paying healthcare workers at their current rates (and they do deserve to be paid what they are paid- in fact I think every healthcare worker deserves a fat raise).

Is this the case????

If it is, isn't that like not something people are concerned with? I myself make 70K a year as a healthcare worker, taxed around 28%. I would then be taxed around 50% barring that maybe they would make it less than double somehow. My paycheck goes from being robbed of $800 to being robbed of $1300. How the fuck am I (or anyone else for that matter) going to pay for my bills that aren't going to go down and the food prices and gas prices that aren't going to go down? I can't even afford healthcare for myself at an "affordable rate" currently so it's not like I would be saving any money, in fact I would be paying out more than what I am quoted for just me.

Is there something I am missing???

https://news.usni.org/2024/12/19/new-ships-act-legislation-aims-to-revamp-u-s-shipbuilding-industry

This act targets domestic shipbuilding by:

-Giving funding and support to American shipbuilding companies

-Funding workforce development so that ships can be produced efficiently and with quality, while workers are in a safe and healthy environment (funding the workforce development is also meant to work towards attracting workers to work in these industries)

-Strengthening the supply chain for building ships

-Boost R&I (research and innovation) to advance shipbuilding technologies and processes.

The bill is introduced to counter China’s ship building dominance and revive American shipbuilding capabilities in an event where if a war with China were to occur, America would be able to produce, maintain, and design quality warships on time. I’m glad we are solving our shipbuilding issue because our navy needs to be able to get proper ships produced and maintenance done in a timely manner if we wish to continue ruling the seas. It’s a big reason for our superpower status. What do you guys think about this? W or L?

Hello everyone,

I have really good news. It is news that is very much aligned with the r/ProfessorFinance emphasis on integrating economic, political, and geopolitical considerations. We can provide everyone in the world with a decent standard of living without cooking the planet.

We don’t need to increase overall production and throughput. We don’t need to increase our use of energy and materials to assure decent living standards for the 8.5 billion people that the world is forecast to have in the year 2050. We can achieve it with 30 to 44 percent of our current production and output. We just need to change the nature of what we produce so that we are focusing on the most socially useful things. We need to be conscious of the types of production and the final uses of outputs.

We need to move productive capacity away from elite private consumption and capital accumulation. The world’s current production patterns are extremely wasteful. If we extended the current production patterns to all of the world’s people our total use of energy and materials would quadruple. That would cause ecological and societal collapse on a global scale.

We need high levels of public provisioning in the domains of housing, rent controls, health care, education, mass transit, sanitation, a Job Guarantee, scientific and creative advancement, technological innovation, public entertainment and luxury, and an enforceable guarantee that everybody’s decent living standards will be achieved.

To secure socially useful production we need to rely on industrial policy, production planning, fiscal policy, and regulatory policy. The focus needs to be on the content, purpose, and quality of economic growth, not the amount of growth.

The details are explained in these two journal articles:

Hickel, J. & Sullivan, D. (2024). How much growth is required to achieve good lives for all? Insights from needs-based analysis. World Development Perspectives, 35, 100612. https://doi.org/10.1016/j.wdp.2024.100612

Millward-Hopkins, J. (2022). Inequality can double the energy required to secure universal decent living. Nature Communications, 13(1), 5028. https://doi.org/10.1038/s41467-022-32729-8

This is a couple of years old but really shows the shift in the world over those decades. (Slightly out of date as Mexico overtook China as the US's top trading partner in 2023). Via Visual Capitalist.

In short, China is at the centre of more webs at the end of it.

Also as a YouTube short.