Filed under: Bureaucracy, Capitalism, Democrat Corruption, Domestic Policy, Economics, Free Markets, Freedom, Health Care, Law, Politics, Progressivism, Regulation, Taxes | Tags: Administrative State, Free Market Capitalism, The American Health Care Act
The Republican bill to take a tiny poke at fixing ObamaCare went nowhere. They didn’t have the votes—largely because the bill didn’t do much of anything. Everything you need to know about ObamaCare can be summed up in one quotation from Thomas Sowell.
to administer it.
Aside from affordability, federal government bureaucrats have no idea how to manage or control or supply health care. Every attempt by government to do health care has ended in disaster. The federal government cannot do VA health care, and veterans die while waiting to be seen. Indian health care is a disaster. Even the FDA is a disaster. Over regulated and over controlled.
Medicare was built on the idea that a growing population meant that if each generation paid in for the smaller generation that came before, then Medicare would go along smoothly with the old folks always cared for. This is usually called a Ponzi scheme. Nobody planned on the baby boomers. They are a huge generation beginning to retire, and Medicare is going broke, because the next generations are not larger. Oooops!
The Democrats devised all sorts of things that they thought would make their health care plan work better, and all sorts of regulations that they thought would save money, and all sorts of requirements that they thought would make people like the program better, and they lied about their basic purpose. Their basic purpose was to initiate a Single Payer Plan. But not because it would provide better care.
The British have a single payer plan in the National Health Service. The people get taxed and they get free health care. And the reason that it was the Democrats’ basic purpose was because the British people were so afraid of losing their health care that they always voted for keeping it, and for the Labour Party who promised that they could keep it. Unfortunately it doesn’t work, and the government keeps making new regulations to cut costs, and old folks die from neglect, and dehydration, and dirty sheets and infection, and long lines of ambulances line up at hospitals waiting for a vacant bed for the next patient. That’s Single Payer.
Here at home, the ideas that were behind all the regulation and requirements that they thought would save money didn’t, because Democrats do not understand the free market—that’s why they are Democrats. And because they do not understand the free market and competition, their bureaucrats had no idea how to devise plans that worked, and they didn’t even know how to get people to sign up, nor how to get enough insurance companies competing to bring costs down. Being Democrats, they assumed that insurance companies were evil (Capitalists) without any understanding that insurance companies have a lot of expertise in devising insurance, and with all insurance companies competing, there’s a lot of demand to be efficient, to create policies that work for consumers, to figure out how to keep prices down so the other insurance companies can’t take their business away. That’s how the free market works.
The Republicans said they had been working on a replacement for 8 months, but we have been stuck with a failing and unworkable ObamaCare for 7 years.
We are going to have to pay for most of the little stuff ourselves, with help for those who cannot care for themselves, and remember just what insurance really is. Insurance is meant to protect you from the big disasters, not the little things.Your car insurance protects you when someone runs into you and wrecks your car. Your homeowner insurance protects you when you have a kitchen fire or a broken pipe that floods the house. Health insurance should protect you when you break your leg, or find a cancer, or need immediate surgery, not buy your tampons or pay for your immunizations.
And if you devise a new health care plan for the people, you’d better damn well make sure that every member of Congress and the bureaucracy has to deal with exactly the same system.
Filed under: Bureaucracy, Capitalism, Crime, Democrat Corruption, Domestic Policy, Economics, Economy, Free Markets, Freedom, National Security, Politics, Progressivism, Regulation, The Constitution, The United States | Tags: Free Market Capitalism, President Obama, Progressive Decline
For President Obama , the stakes are clear. As he told Politico recently; he wants his legacy to include “a 16-year era of progressive rule” that would upend the Reagan Revolution and fulfill his promise in 2008 to transform the country “fundamentally.” Obama’s own achievement, in other words, depends on eight years of a Hillary Clinton Administration, its agenda shoved further left by Bernie Sanders’s “political revolution.”Whether Obama likes it or not, if Change doesn’t continue, Hope will die, above all his hope of being the progressive Reagan.
I am continually amazed at the ignorance of the benefits of free market capitalism that is necessary to believe in a glorious Progressive future. But then, Christiana Figueres, Secretary General of the U.N. Framework Convention on Climate Change, cheerfully admitted that they weren’t really interested in saving the Earth from a forthcoming climate disaster, but that it was their best chance of ridding the world of Capitalism.
How do they continually banish the clear evidence before their eyes of the results of progressive governance? People are voting with their feet to leave the states where the administrative state reigns. Companies cannot make a go of it under confiscatory taxes and ever-increasing regulation. 9,000 businesses have packed up and left California for less regulation and lower taxes. The Cities that have been run by Democrats the longest, are the cities with the highest murder rates, the most dysfunction. There is a long and ugly history of socialism, but they just didn’t do it right? Obama has tried to open up Cuba with a visit and promises of closer relations, and the Castros simply said fine, but we’re not changing anything.
Venezuela is a classic example—an oil rich country that cannot feed their people who are breaking into the zoo to kill the starving animals for food. The absence of toilet paper has been the most celebrated, but there is little food in the stores, and long lines when the slightest truck loads come in. Nicholas Maduro has tried to confiscate all weapons — as he has some idea of his future.
Steven Hayward captured the essence of the administrative state in one paragraph.
Here’s Richard Epstein on “The Perils of Executive Power.”
David Harsanyi writes about “California: The Ultimate Nanny State.”
Filed under: Bureaucracy, Capitalism, Democrat Corruption, Domestic Policy, Economy, Free Markets, Freedom, Progressivism, Taxes | Tags: Free Market Capitalism, The Federal Debt, Wealth and Poverty
Our wealthiest citizens, the top 20% of the economic pie, pay 70% of all taxes. The poorest 20% pay 3/5ths of one percent of all taxes. So we have to raise taxes on the wealthiest citizens to be “fair” or “balanced.”
There is, however, a problem. If you confiscate the entire wealth of the richest citizens — every penny the Forbes 400 have — it would cover one year’s federal deficit.
Raising tax rates on everyone in the top 2% of the wealthiest citizens would not cover one year’s federal deficit.
Washington borrows $188 million every hour.
I wrote this down a while back, I’m not sure just how long ago, but I can assure you that nothing has improved. Food for thought.
— “How You, I, and Everyone Got the Top 1 percent All Wrong“ by Derek Thompson, The Atlantic
— “Obama orchestrated a massive transfer of wealth to the 1 percent,” by Matthew Gray, New York Post
There is, of course, an answer. Wealth is created by the free market and capitalism. Free people are endlessly inventive, and the hope of improving your financial situation, making a new idea the next big thing, becomes in a free market the opportunity to succeed. Where did Uber come from? Or telephones unconnected to phone lines that are actually tiny computers keeping track of everything and entertaining you as well?
Getting rich or richer, improving your situation, or changing your life is commonplace in America, yet in many parts of the world it is impossible to move beyond the status into which you were born. I cannot understand why the Left cannot think beyond “income inequality.” They are still stuck back in the French revolution railing against the opulence of the King and all his court. “It’s not fair” they whine.
Some people simply want to get rich — that probably accounts for all the Powerball tickets sold. Some want to accomplish something worthwhile. Some want to move to a better neighborhood. Some want to build something important, others want to discover something new. If you know or are convinced that you can never move beyond where you are — I guess envy is all you have left.
Filed under: Capitalism, Democrat Corruption, Domestic Policy, Economy, Free Markets, Politics, Regulation, Taxes, The United States | Tags: Four Percent Growth, Free Market Capitalism, Overregulation and Overtaxation, Supply Side Economics
So the job situation for the month of July remains — dismal. There were 215,000 new jobs in July, a little less than the expected 225,000. 93,770,000 working-age people, 16 and older, aren’t working. This takes us back to 1977 levels of employment, and we are a bigger country now. This is a 36-year low. A record 56,209,000 women are not in the work force.
Since 2007, 1.4 million manufacturing jobs have been lost. There are 1.4 million new waiter and bartender jobs that have been created in the same time period.
Possibly a more interesting discussion for the debates? How are you going to fix this one?
Filed under: Africa, Capitalism, Developing Nations, Economy, Education, Foreign Policy, Freedom, History, Media Bias | Tags: Free Market Capitalism, Societal Transformation, Understanding What's Important
Leon Louw is an author, policy analyst, and executive director of the South Africa-based think tank: The Free Market Foundation. “Thank goodness people are ‘exploiting ” Africa by buying things from it, by investing in it, by employing people in it,” he said. “The worst thing that would happen is if people decide to stop exploiting Africa.”
The statement might sound provocative, but Louw is responding to a a pair of critiques he hears often: That economic development is akin to exploitation and that the gap between rich and poor is growing dangerously large. But Louw says that the focus on economic inequality is a distraction from a more important metric.
“The world is experiencing the most amazing accomplishment of humanity: The virtual elimination of poverty,” says Louw. “It’s strange that as that happens, we are talking about it as if there is more of it.”
Another illustration of “One of the Most Remarkable Achievements in Human History.”Some good news to be celebrated. The Decliners are sure that there is more poverty, more unfairness, more decline. About 9 minutes long. It is getting really hard to get a straight, true look at the state of the world. Those things which are hard and bad are ignored, misunderstood, and the dangers made light of. And the good things? We don’t even know they are happening. It would be helpful if there was way less talk about the supposed gap between the rich and the poor, and a lot more appreciation for free market enterprise that moves people out of poverty.
Filed under: Capitalism, Developing Nations, Economy, Freedom | Tags: Arthur Brooks, Free Market Capitalism, Mark J. Perry
Here is a chart of one of the most remarkable achievements in human history: the 80% reduction in world poverty in only 36 years. In 1970, 26.5% of the world’s population were living on $1 or less (in 1987 dollars) to only 5.4% in 2006 — led by the 97% reduction in the poverty rate in East Asia (excluding Japan and Hong Kong) from 58.8% to 1.7% over that time period. (Mark Perry: AEI)
It’s the greatest achievement in human history, and you never hear about it.
80 percent of the world’s worst poverty has been eradicated in less than 40 years. That has never, ever happened before.
So what did that? What accounts for that? United Nations? US foreign aid? The International Monetary Fund? Central planning? No.
It was globalization, free trade, the boom in international entrepreneurship. In short, it was the free enterprise system, American style, which is our gift to the world.
I will state, assert and defend the statement that if you love the poor, if you are a good Samaritan, you must stand for the free enterprise system, and you must defend it, not just for ourselves but for people around the world. It is the best anti-poverty measure ever invented.
(Arthur Brooks, President, AEI)