Comments by "Kim O\x27Brien" (@kimobrien.) on "Here’s why kids these days love socialism" video.

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  9.  @yourboysgottem202  As long as we have capitalism healthcare will be just another commodity that is bought and sold in a market place. Maybe its paid for with taxes. Maybe it's paid for by the individual or some combination their of. If insurance companies are in charge of healthcare they will always seek to maximize the profit like any other business. To prevent excessive fraud the government steps in for greed control. However because the government itself consists in politicians who need campaign funds the insurance companies are only to happy to make a donation. Few are willing to bite the hand that feeds them. The drug and medical apparatus business is quite profitable. However for business as a whole medical costs come out of profits. Like when the Coal Miner asked the Coal Boss which costs the company more a dead man or a dead mule. The Coal Boss replied a dead mule of course. We can always hire another man. We have to buy mules. As for taxes not all are equal here either. The wealth like to portray themselves as taxpayers because the like they sympathy that gets them. They of course can afford to pay those taxes without having to take on debt or make choices between seeing the doctor or going without some other basic need. They also think of tax money as their money to spend for what they want like the US Military's 800 foriegn bases protecting their foreign investments. The US government either taxes or goes into debt. If taxes don't provide enough revenue than they print up bonds. These bonds are seldom talked about because mostly those with money who should have been paying taxes don't pay taxes but buy bonds for a guaranteed profit when the 30 year bond matures. Another buyer of bonds is the Federal Reserve bank. At the beginning of the week the bureau of printing and engraving prints the bonds that will go to the US Treasury at the end of the week they will print Federal Reserve Bank notes (US Money) for the Federal Reserve Bank. So the Federal Reserve Banks now can now buy 30 year US Treasury Bonds in a paper swap with the US Treasury getting those Federal Reserve notes. Since the development of the computer a lot of money never actually appears as paper but as a record in a US national bank or Federal Reserve computer.
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  23.  @TheCannable1  Now let's try and put you in a socialist economy with cell phones. Do we need three (Sprint and T mobile have merged) different carriers and subcarriers? One carrier is all that's needed. You can buy phones that work on multiple carriers now. The cost of operating a phone or internet network is based on using the full capacity. It costs about the same to have the network carrying a full data load or no data at all. You can add towers or small 5G service in areas that are currently dead because you don't have to justify building out the network to make a required profit rate. Now when we build things we keep track of the labor time needed to make things. Should we charge you for the phone at more than the full cost of production or less than the full price? How about the cost of the data transferred? See the idea with socialism is taking things out of the market and making them available to everyone. Maybe we organize repair shops or maybe your phone goes into a machine that auto fixes it or maybe the phone is recycled somehow and you get another phone. What if the phone electronics and screen are all built in one process with non scratch and no break glass? Right now people drop phones and the glass in the screen breaks or the screen gets scratched and the battery eventually won't hold a charge. You can't fix micro electronic chips but only replace them. Good luck changing chips which are soldered to multi layer boards and getting everything to fit back inside.
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