You are currently browsing the Armchair Economist weblog archives for the day March 22, 2008.
- General post (802)
- April 3, 2008: Armchair Economist gets a much-needed update
- April 3, 2008: Ghost of Herbert Hoover
- April 3, 2008: Are you smarter than a high-schooler?
- April 3, 2008: Katrina hero: Wal-Mart
- April 2, 2008: No Child Left Behind
- April 2, 2008: The poverty hype
- April 2, 2008: Oil profits
- April 2, 2008: Don's response
- April 2, 2008: Oil refinements
- April 1, 2008: My profile
Archive for March 22, 2008
Role reversal
March 22, 2008 by Tom Armstrong.
Many in the federal government are demanding banks and taxpayers be forgiving to those who either can’t pay or don’t want to pay their mortgage payments. I’d like to see these people be as forgiving in people’s times of need.
If Uncle Sam really wants to help, he could promptly and permanently cut marginal income tax rates and capital gains taxes. This, however, does not seem likely since he tends to be less willing to make the sacrifices he insists others make.
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Get government involved
March 22, 2008 by Tom Armstrong.
I like to here people on the left make claims such as this (from here):
And far from being a threat, getting the government more involved in health care would actually reduce costs, improve quality and bolster the U.S. economy.
From his concluding paragraph:
How is it possible to cover everyone without driving up costs? The one-word answer is “government”
Wow! It’s a miracle. We can have it all–but only if the government does it. To some on the left, government is much like a magical superhero, cape flapping in the wind, who can swoop down and save us all from ourselves and, in addition, bring peace and prosperity to mankind.
If anyone can provide me an example of when a massive government welfare program reduced costs, improved the quality of the service, and benefited the economy in the process, I’ll fry up my shoes and eat them. Please don’t use examples like Social Security or Medicare–that’s just embarrassing.
By the way, the guy writing the opinion is a professor at Yale.
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