“I think you do have to say that A, it’s failing and that B, I think next year, you’re going to have a bunch of people that don’t get the subsidies that make the premiums a little bit more affordable that are just going to riot because it’s just too expensive for most people if you don’t qualify for subsidies.”
Source: Economist Predicts Rising Obamacare Costs Will Lead To Riots
The Left’s dream of a single-payer may come to pass because of Obamacare was created to fail. Tom DiLorenzo explains it.
“Monopoly products and services go up in price, while competitive ones go down.”
Source: Why Luxury TVs Are Affordable when Basic Health Care Is Not | Foundation for Economic Education
Donald Trump’s acceptance speech at the Republican convention last night could have been a lot shorter and focused on espousing the virtues of limited government and free enterprise.
First, Donald should have used several props, such as the first 1040 form, which was only four pages long. He should have said that a tax return of 1914 was simple and allowed the federal government to raise the funds it needed to pay for its expenses 100 years ago, when only 2% of the American people had to pay any income tax. In addition, today large and medium-sized businesses need an army of accountants and attorneys to comply with the tax code. That’s money that cannot be used to buy better equipment, modernize their factories, and thus make American workers more productive, which would earn them higher salaries.
Tom DiLorenzo sent me a copy of his new book, The Problem With Socialism, with the following inscription. You can hear Tom Woods interview Tom here. This book should be a best seller based on my review of the contents. I will read it ASAP and discuss it in a future post.
“A new survey says N.J. has America’s most miserable town, but it’s also among the state’s 100 “kinkiest” communities. Below are both lists.”
Source: N.J. Has America’s Most Miserable Town — But It’s Among State’s 100 ‘Kinkiest,’ Surveys Say
The evidence is piling up. Obamacare is going to be a bust.
“The new 11.1 million tally comes as some insurers are proposing double-digit percentage hikes for health plans next year.”
Source: Obamacare enrollment at 11.1M, as some drop off after premium bills come due
“Insurers helped cheerlead the creation of Obamacare, with plenty of encouragement – a”
Source: Obamacare Insurers Are Looking for a Taxpayer Bailout | The Fiscal Times
Free enterprise in action. Entrepreneurship addresses people’s needs better than politicians and bureaucrats.
There’s an old business opportunity that’s getting a lot of attention from young companies. Thank baby boomers.
Source: The sharing economy booms for boomers