inthemoney

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  • $300/Barrel Oil Is Coming - Barron's Interview
    > Caltorguy
    Sep 08 01:12 PMNikola - Well if you applied our model for health care to housing it would look something like this: free housing would be declared a social imperative; the government would nationalize the entire US housing stock and private housing would be made illegal; every American would be issued a "housing insurance number" and bureaucrats would dole out housing according to need. Since the system would produce no revenue, no new housing would be built and each year Americans would get less and less housing, resulting heavily rationing and long wait lists (sort of like the situation the old USSR as I understand it). I don't think you are anywhere near that yet down there!
    ----------------------...
    Ha, exactly. I experienced it myself. 3 generations living in the same 50 years old 2-room flat. However, after the fall of the USSR, private healthcare and housing were allowed to co-exist with public and it works very well this way. Very poor people have some protection (via public system) and others buy at the market.
    Sep 08 14:03 pm |Rating: 0 0 |Link to Comment |View article

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