i feel that such creates less complacency from the people to work hard with a little government provision on the sidelines if needed.

You are missing the point. The real values of these things are lost when the credit industry is allowed to add counterfeit capital. The same is true of the doctor going to school. The cost of becoming a medical doctor cost about 1/4 million dollars because financial industries give people the money to pay those costs. IF they didn’t capitalism would keep the prices at a manageable level. The same is true for every product on the market. No way would we pay the prices for houses, cars, education, healthcare, and bath tubs full of pudding if we had to pay for it out of pocket. It these companies wanted to sell their product, they would have to sell at prices more relative to the average wage.

That is the point. The problem is that our government has catered too much to certain people. A government’s job is to protect the wealth of the system, not the wealth of certain individuals. The very instant the majority of the people had to start “saving” for a house they should have thought, “why is that and what can we do to fix it?” not, “how can we help them save and/ or afford the new outrageous prices.” A few moths back we had a discussion about “living beyond our means”. That is not possible if you are paying cash for everything.

In your second example the government will send agents to arrest a “doctor” who is not sanctioned by the private board that enforces monopolies. Your doctor spent twenty years in school; how much of that was actually retained or had relevance to practicing medicine? Once you are sick enough you are ill prepared to enter a valid contract for treatment and costs.

Government is more about protecting wealth than protecting people. Regardless of the source of that wealth.

Bruno

The reason we are all one illness away from bankrupts is that the government has been too buys treating the symptoms and not the economy’s illness.

I explained to a friend like this. Let us say me and you approached Steve at the exact same time to buy his house. I have $4500 in my pocket, you have $5000 in your pocket. Guess what Steve’s house is worth? $5000 right? Well that is until a slick talker across the street watching the whole thing see what is going on and approach me with this offer. “I will give you $1000 if you give me $1200 in two weeks.” Guess what Steve’s house is now worth? $5500 to Steve, $5700 to me. Look at all the bad things that just happened. I spent money that I don’t have any guarantees to ever get. You could get a bigger loan and out bid me causing an even further inflation. You could look around and see that everybody saw Steve sell his house for more money, and they now want more for theirs. They are willing to wait until you get a loan to pay it too.

Imagine you get sick. The doctor says, “the treatment is going to cost $1000.” You say, I can’t pay that, who can afford to pay that. The patient sitting next to you says, “Oh I have insurance.” If nobody had insurance, the treatment would cost about 50 bucks.

The government needs and needed to step in and stop those people offering products that would lead to inflation. Then don’t need to step in and help people who find it more economical to not work.

Still, most Americans shy away from from seeking government help despite their precarious financial position, unless of course they are bankers and automotive executives seeking to keep themselves and their companies afloat.

http://www.thestar.com/news/canada/article/540345