• About
  • Contact

Dagny's Desk

Dagny's Desk

Daily Archives: 5 July 2012

Obamacare Penalty for no Health Insurance

05 Thursday Jul 2012

Posted by Dagny Gromer in Economics, Obamunism

≈ 4 Comments

Tags

health care, obamacare, tax

I’ve been reading debate about whether or not the penalty for not having health insurance under Obamacare is a tax or not. Folks, this is a non issue. The tax on the productive economy, you know that “thing” that creates food, shelter, transportation, energy, other products and services is what the government at all levels spends. It matters not whether the taking is called a tax or penalty. There’s no difference between a direct taking such as sales tax on a retail purchase or income tax or medicare tax or social security tax taken from your paycheck vs. money borrowed by the government selling bonds or the federal reserve printing unbacked dollars. Government spending = Tax burden.

My personal opinion on health care: It is a responsibility not a right. Since I own my body I am responsible for staying healthy by my lifestyle choices primarily, and seeking help when I am ill. If I have minor children then I am responsible for their health too.

Today we have cost problem in the health care industry. The cost basis is way too high. What will bring it down? Increased supply of health care providers and much less government regulation of this sector of the economy. The health care  industry is controlled by a group of interlocking cartels who have succeeded in maintaining monopoly profits because they have captured the government regulatory apparatus and are using it to create barriers to entry.

Yes, these are radical ideas. When conventional remedies continually provide one failure after another, we can conclude that they are incorrect. Time for radical thinking.

Advertisement

Pages

  • About
  • Contact

Recent Posts

  • Acorn woodpeckers
  • Abert’s squirrel
  • Male western bluebird
  • Our dogs at the park
  • Northern harrier

Recent Comments

Dagny Gromer on Anya RIP
rachelmankowitz on Anya RIP
Dagny Gromer on macOS Monterey
Dagny Gromer on Arizona is on fire!
Ric on Arizona is on fire!
RSS  Subscribe

Flickr Photos

aberts_squirrel-20230126-102acorn_woodpecker-20230126-102acorn_woodpecker-20230126-100
More Photos
July 2012
S M T W T F S
1234567
891011121314
15161718192021
22232425262728
293031  
« Jun   Aug »

Archives

Posts by Category

Dagny on Twitter

My Tweets

Blog at WordPress.com.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy
  • Follow Following
    • Dagny's Desk
    • Join 638 other followers
    • Already have a WordPress.com account? Log in now.
    • Dagny's Desk
    • Customize
    • Follow Following
    • Sign up
    • Log in
    • Report this content
    • View site in Reader
    • Manage subscriptions
    • Collapse this bar