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Wednesday, July 15, 2009

Slight Correction

Credit to Michael Medved, on Seattle KVI for reporting a few of the provisions of the Health so-called Care bill. Since the employer will be taxed for not providing health insurance (at 8% I guess), then my plan to cancel coverage until I get sick would not be quite as good an idea as it seemed, except for unemployed people. However if the cost of insurance goes up as much as it will have to under this bill, it will soon be far more that 8% of my salary. Incidentally, congress is still stupid to vote for the bill for many, many other reasons. For one, it would encourage non-monetary and delayed compensation to employees (to reduce this salary tax) and is just another example of why you cannot get around the laws of economics. Those laws are based upon human behavior, which seeks to satisfy the individuals most pressing need. As the Taoist masters say, it flows like water around any obstacles. Government imposed obstacles seldom route the flow where they had indented. Only a free unencumbered market will satisfy the most urgent needs of individuals in an efficient manner. (See the "Invisible Hand")

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