this post was submitted on 24 Jan 2025
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Late Stage Capitalism

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Depose, deny, defend (lemmy.world)
submitted 5 days ago by K1nsey6@lemmy.world to c/latestagecapitalism@lemmy.world
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[–] DeathbringerThoctar@lemmy.world 21 points 5 days ago (4 children)

I don't know if this is true, but I really hope it is.

[–] Hope@lemmy.world 49 points 5 days ago

I believe it's true in the sense that the market cap had decreased by an amount equal to what the Canadian healthcare expenditure was for that duration of time.

It's not true in that market cap isn't directly the company's money - it's just the sum of share values.

[–] Banana@sh.itjust.works 10 points 5 days ago

Same, what i can tell you is I really don't pay very much of my taxes to healthcare.

In fact, very little, because 1/3 of our municipal and provincial budget goes to the police 🙃

[–] GBU_28@lemm.ee -2 points 5 days ago* (last edited 5 days ago) (1 children)

In the time you typed it you could have looked it up?

Edit the point is something like this is important and instead of believing a meme, you could verify for yourself and ensure misinformation is not propagated. Turns out this is largely accurate but a meme isn't how I was convinced.