I do not see how we can rationally oppose high speed rail because of the environmental and other costs without considering the social and human consequences of the radical elimination of transportation that this entails.
The US health-care system is a complete scandal. It's got twice the costs of comparable countries and some of the worst outcomes.
When one is that powerful and one think life will last like that forever, it is simply the most ephemeral thing. I don't think these sons and daughters of drug dealers are contributing to a lasting peace nor to human values that add to our society. They're delivering the message of riches and power that comes at the cost of people's lives and health and they incentivize young people to follow this model.
Brasil used to have - and still has, in some ways - a strong culture of showing off. And that's not only in sneakers and streetwear. People like to show how much their sneakers cost, usually by rocking performance models with visible technology, like Nike Shox, adidas Springblade and ASICS Noosa. It's like a status symbol for someone that wants to show to the world they "succeeded in life," no matter how rich they actually are.
Seasteads cost money, and if you want to succeed as a Seastead you have to find ways to attract people to move there. If I was a billionaire I wouldn't want to move to a seastead, but if I was a member of the bottom billion, most of whom want to leave their dysfunctional governments, I might want to move to a seastead.
The Fed has a lot of power in the economy because it has a big impact on the supply and cost of credit, that is, interest rates. It also plays a key role in supervising banks and historically has seemed to take it easy on the banks when it shouldn't have, such as in the lead up to the financial crisis.
The collective shortfall of the 3.08 billion people (47 percent of world population) who, in 2005, lived below $2.50 per day was $507 billion per annum, which indeed comes to about two-thirds of the present US military budget. This gives us a rough sense of how much the eradication of poverty would cost.
A few hundred years ago, perhaps 85 or even 90 percent of humanity lived below a standard of living that today only 40 or 45 percent fail to reach. But at that earlier time only part of this poverty could have been eradicated, and this at substantial cost not only to the pleasures of the affluent, but also to their well-being and to human culture. In our time, nearly all severe poverty could be eradicated at a cost to the affluent that is truly trivial.
It is irrational to charge high prices for socially valuable innovations as this guarantees that they will be underutilized. It is much better to sell them at cost and then to reward the innovator in some other way. This is not always possible, because in some cases the value of an innovation is in the eye of the beholder; it's very difficult to value how much a new Madonna song is worth, for example. But in the case of medicines, green technologies and seeds in agriculture, such an alternative reward mechanism is fairly straightforward.
What is really nice about the Health Impact Fund is that it is a win-win, something that without much cost to anyone makes a lot of people better off.
With the Health Impact Fund, the innovation is paid for separately, through publicly funded health impact rewards, and the product is sold at the cost of production to all. Here, the cruel injustice of preventing the poor from buying at cost - evidenced by today's suppression of the trade in generic versions of patented medicines - would no longer be needed.
You can think of the Health Impact Fund as a mechanism that would keep the benefits and burdens of pharmaceutical innovation for the affluent roughly as they are while massively reducing the burdens presently imposed upon the poor. This sounds like magic. But it really works because the current system is not Pareto efficient. It's a system that generates hundreds of billions of dollars in litigation costs and deadweight losses that HIF-registered medicines would sidestep. By avoiding these losses, the HIF reform can bring improvements all around - including for pharmaceutical innovators.
To improve global health, it's not enough just to have a really good new product and to obtain marketing approval. You still need to market the product and bring it to patients, follow up, create the infrastructure, and so on - the whole pipeline, the network. That's something that companies are extremely good at: organizing a whole pipeline in a cost-effective way.
How is it possible that a process can be democratic when it comes by way of money? If there is money then it can be elected a senator, it can be elected a representative. Do you know how much it cost to be elected president of the United States? The amount has reached, billions of dollars, 2 billion, 3 billion, 4 billion dollars, that's how much a presidential campaign costs. How much does a senatorial campaign cost? It costs 80 to 90 million dollars; or the campaign of a representative, 40 to 50 million. Is that really a democracy?
Printing and transporting paper is very expensive, and e-books eliminate the expensive four-color printing, the higher quality paper, the ocean shipping, the customs clearance, the inventory, answering the telephone, writing up the orders, picking, packing and shipping and managing all of these functions. So we eliminate a huge number of costs and the chance that those books won't sell.
British taxpayers should not bear the costs of problems in the Eurozone.
Requiring the payment of higher wages will lead to a loss of some jobs and a raising of prices which drives companies to search for automation to reduce costs. On the other hand, those receiving higher wages will spend more (the marginal propensity to consume is close to 1 for low income earners) and this will increase demand for additional goods and services. Henry Ford had the clearest vision of why companies can actually benefit by paying higher wages.
Every company that manufactures something is causing some damage either to the soil or water or air. Most companies treat these as externalities. But the growing movement of sustainability calls for companies to internalize these costs. Once companies do this, they will have a strong incentive to reduce their carbon footprint.
There are times when a market such as housing, transportation or the stock or mortgage market keep rising and people with capital want to join in this growth. Soon the markets become overheated, partly because of the abundance of investment money and speculation. This is when the government should raise interest rates and increase the cost of borrowed money. Governments are shy about doing this because it could cause the very recession. Yet this is the best time to do this so that the inevitable recession never reaches the magnitude of the recent Great Recession.
The rise in health care costs since Obamacare, the Affordable Care Act was passed, have been at their lowest rate in 50 years. Those savings have extended the Medicare trust fund by 11 years. So we've got a baseline of facts.So it is true theoretically that all that progress can be undone, and suddenly 20 million people or more don't have health insurance.
Since your time is your main involvement here - I mean, the clay doesn't cost very much. Even the glaze and the firing doesn't cost a great deal. But your time is the cost, and if you can keep your time to a minimum and still come out with the results you want, that means the pots can be sold for an economic price.
I started acting at seven years old. It took me 20 years to understand that if I was going to make my dreams a reality, I had to take the reigns. I had to learn something about being productive and being self what's the word I'm looking for? Self-sufficient, but I had to be productive at all costs and I had to make product.
My life and the life of my family has been completely disrupted in absolutely every way by starting the school-prayer case. But it's been worth it. It's uncovered a vast cesspool of illegitimate economic and political power in which the Church is immersed right up to its ears, and I intend to dive in headfirst and pull it out of there dripping wet for all the world to see -no matter how long it takes, no matter whose feet get stepped on in the process, no matter how much it costs, no matter how great the personal sacrifice.
Health care is a right, not a privilege. In order for that right to be shared by everyone, it's very important that we eliminate free riders. Everybody should be participating. The bigger the pool, the lower the cost, the healthier the country.
Once you follow a path of nonviolence and social justice, it won't take you long before you come into conflict with the culture, with the society. You can't know what is at stake or how much it is going to cost you until you get in the game. That's the only way, and the level of cost is equal to the level of involvement.
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