Our healthcare costs about twice as much as it should. If Bobby can really get in there and take it apart like we hope you can so they stop overcharging then the actual GDP will go down because all GDP measures is the exchange of money back and forth. It doesn't matter if it's because there was a hurricane and there's insurance money being going out to repair what was wrecked or if it's people getting overcharged or if it's Wall Street selling fake financial instruments by the billions it all counts as GDP and is large we thought of as good. Even though it actually has nothing to do with the quality of life of the people in the country.
GDP isn't a good measure of productivity anyway. They do it from taxes and such. Think of this, I fix my neighbor's fence, they bake me a pie, I return the pie tin in a few days and they give me some eggs, I check the fence and oil the hinges.
No part of these transactions were taxed and yet both parties gained. None of that contributed to this GDP number in any way. Yet if I were to take a corporation, strip it of all useful assets and put them into my company, then declare bankruptcy after draining the corporation's coffers, potentially thousands of people lose their jobs, a once-functional corporation is shit-canned, and I/my company gains huge profits, which are then taxed and would then be reported as a gain on the GDP.
PotatoWhisperer2 0 points 5 months ago
GDP isn't a good measure of productivity anyway. They do it from taxes and such. Think of this, I fix my neighbor's fence, they bake me a pie, I return the pie tin in a few days and they give me some eggs, I check the fence and oil the hinges.
No part of these transactions were taxed and yet both parties gained. None of that contributed to this GDP number in any way. Yet if I were to take a corporation, strip it of all useful assets and put them into my company, then declare bankruptcy after draining the corporation's coffers, potentially thousands of people lose their jobs, a once-functional corporation is shit-canned, and I/my company gains huge profits, which are then taxed and would then be reported as a gain on the GDP.