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Started By
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Fundamentally Speaking, are There Any Industries That Should Be Not For Profit?
Posted on 2/24/19 at 12:21 pm
Posted on 2/24/19 at 12:21 pm
Education?
Healthcare?
Insurance?
How much better would this world be if Wall Street no longer had the ability to make money in these fields? Imagine how much better all our lives would be if Millionaires and Billionaires couldn't take advantage of people trying to get educated or healthy or protecting themselves with insurance. The middle and lower class individual would retain far more of their wealth.
Healthcare?
Insurance?
How much better would this world be if Wall Street no longer had the ability to make money in these fields? Imagine how much better all our lives would be if Millionaires and Billionaires couldn't take advantage of people trying to get educated or healthy or protecting themselves with insurance. The middle and lower class individual would retain far more of their wealth.
This post was edited on 2/24/19 at 12:22 pm
53
Posted on 2/24/19 at 12:22 pm to AggieDub14
State governments and law enforcement come to mind.
You could make the argument healthcare should be as well, but that discussion usually causes this place to melt down on both sides.
You could make the argument healthcare should be as well, but that discussion usually causes this place to melt down on both sides.
Posted on 2/24/19 at 12:23 pm to AggieDub14
quote:
How much better would this world be if Wall Street no longer had the ability to make money in these fields?
Actually it would be much worse.
A hell of a lot worse than you think it is right now with them making money in these fields.
All of those fields are services tendered to someone and labor is not and will never be free regardless of who's paying for it.
Posted on 2/24/19 at 12:24 pm to AggieDub14
What you are suggesting is freedom! The government is a ponzu scheme!
Posted on 2/24/19 at 12:24 pm to AggieDub14
Making them not for profit removes a lot of the incentives to improve those systems.
Posted on 2/24/19 at 12:24 pm to AggieDub14
Show me one public-only industry that has better outcomes than private industry.
Posted on 2/24/19 at 12:24 pm to Sentrius
I never said make labor free. You dont understand what not for profit means. They would charge just enough to cover overhead and nothing more. Pay for labor and materials and real estate costs. But no stocks and no CEOs making 7 figures in these specific industries. Limit salary to 200% of the national average.
Posted on 2/24/19 at 12:25 pm to AggieDub14
quote:This entire line of thinking is backwards as frick and ignores history and reality. Education, Insurance and Health Care were all far less expensive and better before government got involved. Rich people aren’t the evil doers. That entire world view is based upon a lie.
Imagine how much better all our lives would be if Millionaires and Billionaires couldn't take advantage of people trying to get educated or healthy or protecting themselves with insurance. The middle and lower class individual would retain far more of their wealth.
Posted on 2/24/19 at 12:26 pm to Antonio Moss
quote:
Show me one public-only industry that has better outcomes than private industry.
Military
Posted on 2/24/19 at 12:27 pm to GeauxxxTigers23
Healthcare is expensive because of insurance companies trying to meet their bottom line and Malpractice costs.
Education was more referring to entities like University of Phoenix who scam people with subpar education.
Education was more referring to entities like University of Phoenix who scam people with subpar education.
Posted on 2/24/19 at 12:28 pm to Loserman
quote:
Military
I could make an argument even against that. For most of history, the US military was basically a monopoly. But as of late, contract defense firms have become an option and often cost less.
Posted on 2/24/19 at 12:30 pm to AggieDub14
quote:
Healthcare is expensive because of insurance companies trying to meet their bottom line and Malpractice costs.
That is completely false. The largest driver of medical costs also happens to be the largest provider of medical coverage - Medicare.
Posted on 2/24/19 at 12:30 pm to AggieDub14
So many straw men.... so little time.
Posted on 2/24/19 at 12:30 pm to AggieDub14
Most of the issues we have with those industries come from government, not the industries, themselves.
Posted on 2/24/19 at 12:30 pm to NYNolaguy1
Healthcare being for profit is what leads to innovation
Posted on 2/24/19 at 12:32 pm to Antonio Moss
quote:
Show me one public-only industry that has better outcomes than private industry.
The military, law enforcement and first responders.
Posted on 2/24/19 at 12:32 pm to AggieDub14
Profit is payment to people who allocate resources efficiently.
Your question is like asking
“Are there certain industries where people should not be paid?”
Your question is like asking
“Are there certain industries where people should not be paid?”
Posted on 2/24/19 at 12:32 pm to AggieDub14
quote:God forbid a company try to make their bottom line.
Healthcare is expensive because of insurance companies trying to meet their bottom line and Malpractice costs
what a bunch of evil assholes. Guess what entity put the laws and regulations and structure in place to make insurance so expensive. You’re blaming a symptom and not the disease. quote:A fool and his money parted. Always been that way and always will. I, nor you are anyone else is responsible for their poor choices. I don’t feel bad for them and neither should you. Who I do feel bad for are the taxpayers that continue to fund subpar educations kindergarten all the way through college and have no choice in the matter.
Education was more referring to entities like University of Phoenix who scam people with subpar education.
Posted on 2/24/19 at 12:32 pm to AggieDub14
quote:
AggieDub14
Posted on 2/24/19 at 12:32 pm to AggieDub14
quote:
I never said make labor free. You dont understand what not for profit means. They would charge just enough to cover overhead and nothing more. Pay for labor and materials and real estate costs. But no stocks and no CEOs making 7 figures in these specific industries. Limit salary to 200% of the national average.
Average margins in healthcare are pretty low (usually single digits).
Removing the margins doesn’t result in much improvement, if any at all. The CEO making a really nice salary is meaningless when that salary is 0.0000001% of that organization’s operating expenses.
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