Tag: Social Security

Goldwater Was Right about the Dangers of “Big, Inflationary Government” »

In Sen. Barry Goldwater’s 1964 campaign ad against big government, the narrator warns a young boy who’s parking his bike at grandma’s house, “Don’t look now young man, but somebody has his hand in your pocket. It’s the hand of big government. It’s taking away about four months pay from what your daddy earns...
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Private-Sector Socialism: What the Right and Left Don’t Understand about Healthcare in Other Countries »

There is no topic in healthcare that is more misunderstood than what other countries are doing. At both ends of the political spectrum, the mistake is the same: the belief that other healthcare systems are radically different from our own. They aren’t. Take the United States and Canada. I would say that the healthcare...
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Health Insurance vs. Healthcare: When Socializing Risk Pays Off »

Do you care whether I have health insurance? If you do care, do you also care if I have other kinds of insurance? While you’re thinking about the initial question, here are a few follow-up questions: Do you care whether I have life insurance? What about disability insurance? Homeowner’s insurance? Auto casualty insurance? Auto...
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How Much Does Health Insurance Affect Health? Some Surprising Answers »

There have been a number of claims that lack of insurance is life threatening. The most recent and well known is an Institute of Medicine (IOM) study claiming that 18,000 people die every year because they do not have health insurance.[1] Using a similar methodology, a study for the Physicians for a National Health...
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The Problem of Unintended Consequences: How Good Intentions Often Lead to Perverse Effects »

Ideal health insurance is often said to be health insurance with no deductible or co-payment, making medical care essentially free at the point of delivery. Yet, if patients have no out-of-pocket costs, their economic incentive will be to overuse the system, essentially consuming healthcare until the last amount obtained has a value that approaches...
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How the Tax System Fosters Big Government »

When goods and services are free, people tend to consume more of them. Does this maxim apply to government spending and taxation? In other words, when people can receive federal benefits without paying taxes, do they demand more of them even if they’re funded by deficits? That possibility troubled John C. Calhoun. In 1810,...
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Reproduce or Pay a Tax: The Next ObamaCare »

ObamaCare is about correcting for the “problem” that some people are not buying insurance. Rather than identify needy individuals and pay for their insurance, the bill mandates that everyone buy insurance that meets the prescription of government health czars (not too much, not too little, but “just right”). The government argues the following: by...
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Extending the Payroll Tax Cut: A Vote to Eliminate Social Security As We Know It »

The current debate with Congress and the president about extending the Social Security payroll tax cut appears to be about taxes, but taking a longer view, that is a small part of what is being considered. The Social Security program has been based on the premise that it works like a pension program. Workers...
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The Welfare State Neutralizes Potential Opponents by Making Them Dependent on Government Benefits »

From time immemorial—from Etienne de la Boitie to David Hume to Ludwig von Mises—political analysts have noted that because the number of those in the ruling elite amounts to only a small fraction of the number in the ruled masses, every regime lives or dies in accordance with “public opinion.” Unless the mass of the people,...
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Abolish the Payroll Tax Altogether »

It is a riot seeing Obama call on an extended payroll tax holiday and the celebrated fiscal conservative Paul Ryan reject it as an economic “sugar high.” Liberals have never been consistent in opposing regressive taxes, of course, but conservatives have likewise been weak on the question of payroll taxes. I recall Rush Limbaugh...
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