1,030 karma · joined October 29, 2018
When the overweight start getting hauled off to prison I'll find this argument compelling.
Generally nothing, the hospitals don't actually expect you to pay the bill they just want the tax write off they get when they send it to collections. Jeff Bezos might have to pay but if you are just some guy with a business that doesn't even generate enough money to pay for your own health insurance you will most likely be fine.
One medical emergency and your credit will be ruined. Wait a seven years without contracting the debt collector and the debt becomes uncollectible. After three years roughly three quarters of the effect on your credit will evaporate. That's what actually happens beyond the hyperbolic political grandstanding.
Remember kids, if you get a bill that you can't possibly pay. Don't pay it. Let it go to collections and pay it for pennies on the dollar (another trick, tell them the most you can pay is $10 a month or something else low. Pay off that debt in 2075) or just wait for it to become uncollectible.
You trust them to do the right thing for HIPAA in regards to a multi billion dollar enterprise?
I can't say I had any hard evidence while I wrote that. I admit it's more of an observation from my experience. That said there this study[0] seems to suggest a mechanism whereby this effect could occur. Other ideas like the suck cost fallacy and effort heuristic seem to confirm that this effect has been noticed by others on some level.
An expert psychologist for example? Her patients can remain depressed, mutilate themselves, kill themselves and even kill others and yet she will remain an "expert" mostly on the basis that she was educated at a place that similarly ineffective experts have claimed is a good place for a psychologist to come from.
I suppose the trouble is experts by education got lumped in by experts by results at some point down the line.
"Backup is lets says weekly and someone high up the chain really wants the power point he put together on Tuesday." is probably what happened in my experience.
[0]https://www.amazon.com/Best-Home-Fashion-Insulated-Blackout/...
"delusion: an idiosyncratic belief or impression that is firmly maintained despite being contradicted by what is generally accepted as reality or rational argument, typically a symptom of mental disorder."
It is quite delusional to create new metrics on poverty because ones based on income or consumption don't get you to the result you like.
If you think half to 40% of people in the Congo are not in poverty you are delusional
[0]https://www.justfacts.com/news_poorest_americans_richer_than...
Also it is my belief that moving money from investment vehicles to consumers will have a inflationary effect on consumer goods. The slow trickle of subsidized Uber rides for example probably has less of an effect than a direct cash transfer that happens more rapidly. More so much of that money is invested internationally, by increasing taxes on the wealthy we may be in effect increasing the total money supply in the United States.
Eg. Between exit 1 and exit 2, 8 northbound lanes are open. Between 2 and 3 we have 6 northbound lanes.
It's would be pretty disconcerting to travel in your self driving car and head full speed into oncoming traffic only to shift lanes a few moments before collision though.
1. Money is essentially free at current interest rates and I don't see a sign of that reversing course.
2. Large firms are hording cash and have more than they know what to do with. They are at the point where they are buying their own stock because that is the most productive thing they can do with that money.
3. The democratic party is running on minimum wage increases. While it is debatable if that will have a huge impact it certainly isn't a deflationary measure.
4. Democrats are also running on the green new deal, universal income and medicare for all that I predict will not actually result in higher taxes for the wealthy in any meaningful way but instead the printing of money in order to fund those programs as that is what seems to happen every time. Even if taxes were implemented as discussed, moving money from investment vehicles (where the wealthy have it) to consumers will still probably cause inflation in terms of housing and consumer goods.
5. China is sitting on about 3 trillion dollars that is currently effectively out of the money supply and they will likely deploy that as a weapon in the trade war.
Now we have a bunch of presidential candidates that tell me they are going to print money all day long and a bunch of people who "know better" telling me that won't cause inflation to spike. ¯\_(ツ)_/¯