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Thread: Julian Robertson Gonna Put You on a Diet, Fatty

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    Julian Robertson Gonna Put You on a Diet, Fatty


    In an interview with CNBC on Thursday, hedge fund elder statesman and father of Tiger Balm, Julian Robertson, shared his thoughts on the Critical Topics of the Day, including the recent elections, quantitative easing, and most importantly: fat people. Read the full interview transcript here, or fast forward to about 6:30 for Fat Talk.

    There's no fooling Robertson. He sees you there, mayonnaise flecking your third chin, reaching after that fallen french fry like some sort of beached Manatee. Robertson has his eye on the ball, always has, always will, so when he's of the opinion that winning a fight against American obesity could add $1 trillion to the GDP, you open your fat ears and listen.

    You see, JR's a firm proponent of taxing the hell out of the fatties, and he's even willing to go on CNBC and publicly announce his running for "Obesity Czar," saying, "I would love to be the obesity czar. I mean, I think it would be a fantastic job. I don't know of a more important one in the United States and one that's simplistic enough to solve."
    Source

    JR believes tackling obesity (probably the no.1 issue regarding long run fiscal solvency IMHO) would add $1 trillion to the US economy. We do know that obesity costs about $130 per year, which would logically have a "cost push" effect on health care.

    The leading causes of death in 2000 were tobacco (435 000 deaths; 18.1% of total US deaths), poor diet and physical inactivity (365 000 deaths; 15.2%) [corrected], and alcohol consumption (85 000 deaths; 3.5%). Other actual causes of death were microbial agents (75 000), toxic agents (55 000), motor vehicle crashes (43 000), incidents involving firearms (29 000), sexual behaviors (20 000), and illicit use of drugs (17 000).
    source

    If you want to contain health care costs; if you want to contain long term government spending; you have to contain obesity.

    The cost of this epidemic completely exceeds the benefit.

    Comments?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Julian Robertson Gonna Put You on a Diet, Fatty

    Quote Originally Posted by Goldenboy219 View Post
    Source

    JR believes tackling obesity (probably the no.1 issue regarding long run fiscal solvency IMHO) would add $1 trillion to the US economy. We do know that obesity costs about $130 per year, which would logically have a "cost push" effect on health care.


    source

    If you want to contain health care costs; if you want to contain long term government spending; you have to contain obesity.

    The cost of this epidemic completely exceeds the benefit.

    Comments?
    If we cure every single disease in the world, we will still die. And we will live longer and suck up more resources in the process. Might be a popular bandwagon to climb onto, but, other than quality of life, solving the obesity problem isn't going to make much difference.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: Julian Robertson Gonna Put You on a Diet, Fatty

    Quote Originally Posted by MaggieD View Post
    If we cure every single disease in the world, we will still die. And we will live longer and suck up more resources in the process. Might be a popular bandwagon to climb onto, but, other than quality of life, solving the obesity problem isn't going to make much difference.
    I highly disagree.

    The problem with Obesity, is that it causes such a wide range of problems related to it, whether its Diabetes, Heart Disease, Liver Disease, stomach Cancer... all kinds of things that are HUGELY costly on a Health Care system.

    The question you have to ask yourself at the end of the day is this: Do people have the right to be the size of a bus?

    When I come down to the states, I am literally shocked, I don't say that lightly, it takes alot to surprise me... but when I see the size of some human beings, I cannot help but wonder, and even tempted to ask literally

    "How did you get this large, how is this humanly possible, how are you still alive?"

    I've seen whole families that are all massive... how did this happen? (Rhetorical)

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    Re: Julian Robertson Gonna Put You on a Diet, Fatty

    Without this guy, what would happen to all those restaurant jobs?


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    Re: Julian Robertson Gonna Put You on a Diet, Fatty

    Quote Originally Posted by MaggieD View Post
    If we cure every single disease in the world, we will still die. And we will live longer and suck up more resources in the process. Might be a popular bandwagon to climb onto, but, other than quality of life, solving the obesity problem isn't going to make much difference.
    Type 2 diabetes is expensive to treat, affects sufferers' long-term, overall health and longevity and severely diminishes sufferers' quality of life. It is also caused in 90% of cases by obesity and inactivity and will affect 1-in-3 Americans by 2050 according to the CDC. That is the US's ticking timebomb in the health arena. If you believe that having a sensible and urgent approach to dealing with it is bandwagon jumping, then I'd suggest you could be accused of complacency and a certain disregard for the welfare of your fellow Americans.
    "The crisis will end when fear changes sides" - Pablo Iglesias Turrión

    "Austerity is used as a cover to reconfigure society and increase inequality and injustice." - Jeremy Corbyn

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    Re: Julian Robertson Gonna Put You on a Diet, Fatty

    Quote Originally Posted by Jetboogieman View Post
    I highly disagree.

    The problem with Obesity, is that it causes such a wide range of problems related to it, whether its Diabetes, Heart Disease, Liver Disease, stomach Cancer... all kinds of things that are HUGELY costly on a Health Care system.

    The question you have to ask yourself at the end of the day is this: Do people have the right to be the size of a bus?

    When I come down to the states, I am literally shocked, I don't say that lightly, it takes alot to surprise me... but when I see the size of some human beings, I cannot help but wonder, and even tempted to ask literally

    "How did you get this large, how is this humanly possible, how are you still alive?"

    I've seen whole families that are all massive... how did this happen? (Rhetorical)
    At the end of the day, the answer to your question is, "Yes, they do."

    A better question might be "In light of their self-imposed ill health, do they have the right to the same healthcare at the same cost that you and I have?" In the past, that answer has been, "No, they don't." (Unless they were on Medicaid or Medicare) With Universal Healthcare, that answer just changed.

    If we want to cure obesity, we do need a fat tax. Social engineering at its finest.

    Nth degree obesity is an addiction just as sure as heroin.
    Last edited by MaggieD; 11-08-10 at 12:42 PM.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: Julian Robertson Gonna Put You on a Diet, Fatty

    Quote Originally Posted by MaggieD View Post
    If we cure every single disease in the world, we will still die. And we will live longer and suck up more resources in the process. Might be a popular bandwagon to climb onto, but, other than quality of life, solving the obesity problem isn't going to make much difference.
    There is an issue with this argument. Assuming Americans live longer hence "suck up" more resources would only carry a 1:1 relationship if the word obesity has no meaning/value.

    For instance, if we could map the lifetime consumption of obese people vs the lifetime consumption of non obese people; if your argument is to remain transative (not contradict itself), non-obese people will have to consume more resources than obese. Do you have a link to a source which states non-obese people have greater consumption?

    Of course we do know that obese people eat more as well as consume a greater portion of health care services. 80% of diabetics are either overweight or obese.

    To ignore the epidemic is equivilant to holding a blind eye to health care inflation.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Julian Robertson Gonna Put You on a Diet, Fatty

    Quote Originally Posted by MaggieD View Post
    At the end of the day, the answer to your question is, "Yes, they do."

    A better question might be "In light of their self-imposed ill health, do they have the right to the same healthcare at the same cost that you and I have?" In the past, that answer has been, "No, they don't." (Unless they were on Medicaid or Medicare) With Universal Healthcare, that answer just changed.

    If we want to cure obesity, we do need a fat tax. Social engineering at its finest.

    Nth degree obesity is an addiction just as sure as heroin.
    The obese are forcing others to bear the some of the costs of their decisions. Do we continue to "socialize" the cost of obesity?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Julian Robertson Gonna Put You on a Diet, Fatty

    Quote Originally Posted by Goldenboy219 View Post
    There is an issue with this argument. Assuming Americans live longer hence "suck up" more resources would only carry a 1:1 relationship if the word obesity has no meaning/value.

    For instance, if we could map the lifetime consumption of obese people vs the lifetime consumption of non obese people; if your argument is to remain transative (not contradict itself), non-obese people will have to consume more resources than obese. Do you have a link to a source which states non-obese people have greater consumption?

    Of course we do know that obese people eat more as well as consume a greater portion of health care services. 80% of diabetics are either overweight or obese.

    To ignore the epidemic is equivilant to holding a blind eye to health care inflation.
    On average, treating an obese person cost $1,244 more in 2002 than treating a healthy-weight person did. In 1987, the gap was $272.
    USATODAY.com - Health spending soars for obesity

    Is this earth-shattering?
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: Julian Robertson Gonna Put You on a Diet, Fatty

    Quote Originally Posted by MaggieD View Post
    So you admit your argument was contradictory.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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