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At a glance. What the opponents of single payer know, but aren't telling their followers,is that a single payer plan would probably pay for itself in a few years, and would not be dependent on the sale of bonds for long. Also, that the money freed up from the lack of a profit motive would go back into the pockets of the consumer. This would create a tsunami of wealth in the country of let's say, at least 10 grand a year to those paying for private insurance if the average was 12-15 grand in premiums. That would, in turn, generate more tax revenue for the country, allowing for yet more growth, and revenue to pay for things like health care and education. Also, small and even large business would find a windfall of saved costs to put back into their business, giving better wages, expansion, and yet more tax revenue. It doesn't take an "economist" with a degree to see that when money is freed up, it has to go somewhere, and it would have to go right back into the system through the consumer. GM and the other automakers would find a load off their pockets, and would be back in business in a few short months, as long as they operated smart this time. The country would be healthier, the housing market would rebound, and the only thing that would go down the tubes would be the insurance companies, which would survive if they were forced to be a little more creative and less greedy. The work pool from insurance companies would be swallowed up by the administrators of the new system, so the job loss would be bearable. All this good news is shadowed by the fact that a few big companies and shareholders are facing extinction. Yes, it would be the end of an industry, but an out dated, and useless one. The proponents of capitalism should be overjoyed at the prospect of such wealth being set loose into the market place, but they are stubbornly hanging on to a sinking ship, screaming things like "socialism" and killing grandpa. Well this would be the dawn of a new era for capitalism if you ask me, and right along the lines of what this country is all about... seems weird they'd be against capitalism for others, but, maybe not.
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