Politicians, most of whom love anything that expands the reach of government and their own power, are drawn even more to the creation and manipulation of a political spoils system that allows them to pay off their friends and punish their enemies.

Richard Ralston at Capitalism Magazine

EXCERPTS:

The last traces of free-market medicine could soon be gone–replaced by the brutal intrusion of arbitrary government power at both the state and federal levels.

The final result will likely not be a “socialized” system but a fascist one.

For example, Barack Obama, in his candidacy, advocated an increase in the capital gains tax even though such hikes suppress economic activity due to reduced capital investment, and decrease revenue to the government. He said he supported the increases anyway–because it would make taxes more “fair.”

In other words: better that all be worse off than anyone be better off.

More recently, under the pretext of “equalizing burden” and preventing “salary discrimination,” Obamacare mandates that insurance premiums must be based on the policyholder’s income level–forget the objective value of the services covered or the health liability of the individual insured. But since the actuarial nature of insurance and the realities of long-term cost management cannot be ignored, the effect is that those with above-average incomes will be subjected to inflated premiums relative to costs.

In fact, the powers of the new “Independent Payment Advisory Board” (IPAB) are so intimidating, and their power to issue unpopular decrees so vast, that Congress attempted to protect it by stating that any repeal or amendment of that power must be ruled “not in order” by the presiding officer of the House or Senate. This attempt to restrict the action of all future Congresses is of course blatantly unconstitutional. And it reflects the willingness of the authors to force all into submission to their agenda.

FULL STORY

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