Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • Debbie Young
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • World Gold Mine Production

Obamacare and the Heroin of Government Dependency

March 22, 2017 By Richard C. Young

Dan Mitchell, a Cato Institute scholar and the publisher of International Liberty, created his First Theorem of Government in 2013. The theorem goes: “Above all else, the public sector is a racket for the enrichment of insider, cronies, bureaucrats and interest groups.” Well put and from all available evidence, completely accurate.

This month Dan has created his Second Theorem of Government, that: “It is much easier to block the enactment of a new handout than it is to take it away after it’s been created and people get hooked on the heroin of government dependency.” Again, true.

Here Dan shares how his Second Theorem relates the debate over Obamacare, specifically the turmoil of the GOP who are stuck with undoing a new government entitlement.

  1. You break it, you buy it – Government intervention had screwed up the system well before Obamacare was enacted, but people now blame the 2010 law (and the Democrats who voted for it) for everything that goes wrong with healthcare. Republicans fear that all the blame will shift to them if their “Repeal and Replace” legislation is adopted.
  2. Follow the money – What’s partly driving GOP timidity is their desire not to anger many of the interest groups – such as state governments, hospitals, doctors, insurance companies, etc – who benefit from various Obamacare handouts. That’s what is motivating criticism for politicians such as Ohio’s John Kasich and Alaska’s Lisa Murkowski.
  3. Don’t throw the baby out with the bathwater – The “Cadillac Tax” is the one part of Obamacare that’s worth preserving because it will slowly cut back on the distorting tax preferences that lead to over-insurance and third-party payer. For what it’s worth, the GOP plan retains that provision, albeit postponed until 2025.
  4. The switch in time that saved…Obamacare – I’m still upset that Chief Justice John Roberts (aka, the reincarnation of the 1930s version of Justice Roberts) put politics above the Constitution by providing the decisive vote in the Supreme Court decision that upheld Obamacare. If the law had been blocked before the handouts began, we wouldn’t be in the current mess.

Read more from Dan here.

Dan Mitchell discussing GOP Obamacare Reform Effort

If you’re willing to fight for Main Street America, click here to sign up for my free weekly email.

Related Posts

  • Downsizing Government
  • Obamacare Operation!
  • Government-Run Disaster
  • Author
  • Recent Posts
Richard C. Young
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Richard C. Young
Latest posts by Richard C. Young (see all)
  • What Do You Know About Vanguard’s Wellesley Income Fund? - June 8, 2023
  • The Four Most Important Words in Investing - June 7, 2023
  • RIP Astrud Gilberto - June 7, 2023

Dick Young’s Must Reads

  • Are You Prepared to Run Out of Water?
  • V4 Stands Against North African and Middle Eastern Invasion
  • You’re Ready to “Make It a Good Month”
  • For Whom Is Your Portfolio Serving?
  • DONBAS: Russian Tanks Face Gauntlet of Death from Javelin Wielding Ukrainians
  • Rich States, Poor States this State is Dominant Once Again
  • Remembering Brent Scowcroft
  • Democracy & Diversity: Not In the Constitution
  • The Problem in America
  • TOP HEAVY: Focus on Big Indexing Could Cause Market Chaos

Disclosure

RSS Youngresearch.com

  • Remember When You Were A Kid and Money Was Free?
  • What Do You Know About Vanguard’s Wellesley Income Fund?
  • Forbes Global 2000: The Bigger They Are, the Harder They Fall?
  • China Factory Slowdown Depresses Energy Demand
  • Is the Regulation Reaper Coming for Crypto?
  • Is This Trade Better than College?
  • Starving for Fixed Income? I Can Help
  • SUPER STATE RISING? This State Is Doing All the Right Things
  • China Increases Its Gold Reserves for Seventh Month Straight
  • CROWDING OUT: Government Debt Binge Could Hurt Banks

RSS Yoursurvivalguy.com

  • RAGE Gauge June: Remember When You Were A Kid and Money Was Free?
  • Your Retirement Life: Striped Bass Fishing off Block Island
  • Artificial Intelligence or Four-Year Olds?
  • Forbes Global 2000: The Bigger They Are, the Harder They Fall?
  • Starving for Fixed Income? I Can Help
  • SUPER STATE RISING? This State Is Doing All the Right Things
  • End of ESG?
  • Your Survival Guy’s Take on ChatGPT and AI
  • ALLIGATOR MARKET: Calm Surface Hides Danger Below
  • My Nephew Graduates, and I’m Larry the Cable Guy

Oh Canada: Wildfires at a Blistering Pace

RAGE Gauge June: Remember When You Were A Kid and Money Was Free?

What Do You Know About Vanguard’s Wellesley Income Fund?

CRUMBLING EMPIRE: Major Hotel Flees San Francisco as City Suffers

MUSIC IN DANGER: Is This the Worst Use for AI?

Crushing the Heretics

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives