Saturday, January 16, 2010

Trickle-down statism

How refreshing to hear that unions do indeed understand market economics and progressive taxation, afterall: that corporations don't ultimately pay taxes, their customers and employees do.

“While the excise tax is slated to be imposed on the insurers on so-called high cost plans, the tax will be passed on to enrollees in the form of higher premiums, co-pays or reduced benefits,” a coalition of public-employee unions wrote congressional leaders. “Characterizing this tax proposal as a ‘Cadillac tax’ is a misnomer. It hits the average blue collar and white collar employee.”

It's a wonderful thing, that 2x4 of reality upside one's skull (something of which union types have traditionally been on the giving end), that suddenly has heretofore economic ignoramuses channeling Art Laffer and Milton Friedman.

Alas, the President, with respect to the unions and public sector employees exclusively, was channeling those two aforementioned gentlemen as well in deciding to exempt these groups from the so-called "Cadillac" health plan excise tax.

That the rest of us will now be bearing that tax burden should not be troubling as the underpinning morality of Obamacare has always been "equality" and paying just a tad more than your fair share to achieve that end should justify the means.

1 comment:

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