The best argument against democracy is a five minute talk with the average voter.
Winston Churchill
Image of the Day
Victims of Politically Correct Fascism
Direct Disbursement and Charities
Facebook Corner
(IPI). The Cadillac tax, set to take effect in 2018, will impose a 40% excise tax on employer plans with a value above $10,200 for an individual plan and $27,500 for a family plan.
Well, the free market solution is to eliminate tax preferences in consumer decisions; the current state of affairs was an artifact of the economic illiterate FDR's imposition of wage-price controls, and labor demand given millions of young American men in the military during WWII. FDR looked the other way as employers saw health insurance as a workaround to wage controls. There was an implicit incentive for unions to maximize untaxed benefits, such as health insurance, including putting ordinary health costs into "insurance".
Whereas I am sympathetic to IPI's postion on the government's windfall tax policy, I am not in favor of the status quo that perverts the concept of insurance, confounds the vesting of the consumer in healthcare decisions, violates equal protection (i.e., many people don't a tax break, paying with post-tax dollars), and shifts the tax burden unfairly to other parts of the economy.
Political Cartoon
 |
| Courtesy of Steve Breen via Townhall |
Olivia Newton-John, "Let It Shine"
