How do we pay for health care? First, Washington will save money.
OK, stop laughing. That’s what Charlie Rangel says, not me.
Then they’ll tax the rich:
House Democrats included a surtax on families making more than $350,000 in a sweeping health care bill unveiled Tuesday — the latest idea Congress is considering to pay for President Obama’s broad goal to provide coverage to the nation’s 50 million uninsured.
Let’s go back to Econ 101 for a moment. When you subsidize something, you get more of it. And when you tax something, you get less of it. Simple stuff, empirically proven, yadda yadda yadda.
Now don’t jump the gun and start jumping me — I’m not about to argue that we ought to be subsidizing rich people. Because, take a look at the Robb Report, and you’ll see that being rich is its own reward.
But if you punish wealth, well, there will be less of it, guaranteed. Or at the very least, there will be less wealth in this country.
Furthermore, I understand the Cayman Islands are nice this time of year. Or any other time of year, for that matter.