I'm not-low all the time
- Jan 2, 2006
- Reaction score
- Lauderdale By-The-Sea, FL
- Political Leaning
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."
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).
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.