Stiglitz on a Hidden Tax

Here's a very nice interview of Nobel-prize winning economist Joseph Stiglitz on health care. Everybody worries about taxes to pay for it, but as Stiglitz points out, there is already a hidden tax on healthcare caused by those with coverage paying extra to provide help to those with no benefits. It makes more sense to create a universal system where who gets what is more obvious:



He is dead right in saying that there needs to be more investment in technology, education, and infrastructure. As he points out these are "assets" that are well worth spending the money to acquire. These are investments in a more productive future. Hope for the future is the foundation of a civil soceity.