Correction, Please!
We Can’t Afford More “Free” Socialist Schemes
Item: “Denouncing the profit motive in health care, more than 100 House Democrats rallied on Wednesday around a bill to replace most private health insurance with a national single-payer system, ‘Medicare for all,’” reported the New York Times in its print edition on February 28.
The paper noted that supporters of the bill, “under which health care would be available to all Americans without premiums, co-payments, deductibles or ‘similar charges,’ did not say how much it would cost or how they would pay for it. They said their proposal could save huge sums by cutting administrative costs and the bill-paying bureaucracy that works for insurance companies and health care providers.”
Item: “Democrats are lining up to find ways to tax the rich,” pointed out the London-based Economist for February 2-8. For example, Massachusetts Senator Elizabeth Warren, who wants President Trump’s job, “has called for an annual levy of 2% on wealth above $50m and of 3% on wealth above $1bn. Alexandria Ocasio-Cortez, a prominent new left-wing congresswoman [from New York], has floated a top tax rate of 70% on the highest incomes.”
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