Fiscally Sound Socialism

Richard Rubin posited, in his Wall Street Journal article, some hypotheticals for how Progressive-Democratic Party Presidential candidate and Senator Elizabeth Warren (D, MA) might pay for her Medicare-for-All plan. He suggested that one of the ways toward this goal of Medicare-for-All that all the Progressive-Democrats running for President need to do was to

find[] ways to reduce health-care costs

Were Progressive-Democrat candidates serious about this, though, they’d stop conflating health care costs with health care coverage costs, get government out of the way of both industries, and put them both (back) into competitive, free market environments.

Rubin also asked whether

(I) would…support Senator Elizabeth Warren’s Medicare-for-All plan if she presented a fiscally sound option to fund it[.]

The question as phrased is a bit of a non sequitur since it’s virtually impossible for such a thing to be funded in anything remotely approaching a fiscally sound manner.  Leaving that aside, though, no, I would not support her or her “fiscally sound” plan.

Warren’s plan, as with her other plans, are fundamentally socialist. There might—might—be a way to make such a thing fiscally sound, but socialism can never be economically or morally sound.

Socialism can never be economically sound because it caps the performance of the most successful, reducing the incentive to work to one’s potential, and so leads to erosion of output, both individually and in the aggregate across a national economy. Beyond that, socialism puts government in control of production, sales, and purchasing decisions, and government can never be as efficient or as prompt in responding to changing conditions as the totality (or subsets of the total) of private citizens acting on their own needs and wants.

Nor can socialism ever be morally sound. By transferring the responsibility for those production, sales, and purchasing decisions to government and away from the individuals who otherwise would make them, socialism eliminates personal initiative and personal responsibility, indeed, the very concepts of personal initiative and personal responsibility.  Instead of letting men be moral actors in their own right, socialism simply reduces them to wards of the socialist state—which is to say to subjects of the men who populate the socialist state from time to time.

“Clean” Cars

That’s what Senate Minority Leader Chuck Schumer (D, NY) wants Government to subsidize.  He’s proposing Government spend $462 billion to pay Americans trading in our gasoline-powered cars for electric ones.  He wants to drop $17 billion on subsidies for auto manufacturers to “help” them build more electric cars along with batteries and associated parts, and $45 billion on charging stations and associated “infrastructure.”

In addition to ignoring where this money is supposed to come from, he’s also misleading on the “clean” electric car bit.  He knows, after all, where the electricity must come from to charge those batteries, whether at home or at his charging stations.

That electricity is generated by coal-, oil-, and gas-fired generating plants.  In New York, where Schumer’s fellow Progressive-Democrat Governor Andrew Cuomo has banned fracking and additional gas infrastructure, those generating plants can’t use clean gas to produce electricity for Schumer’s cars: those plants are dependent on coal and oil fuel: Schumer’s electric cars will have even larger carbon footprints.

“Clean” electric cars, indeed.

This sort of scheme also is an affront to our free market economy and an insult to ordinary Americans’ intelligence.  If electric cars were ready for market, they wouldn’t need government subsidies to be saleable.  If Americans wanted electric cars, we’d buy them in droves on our own, without needing to be bribed into buying them.

Winning

My new mystery novel, and my first foray into fiction is out and available here in Kindle format.

Peter Hunt says he’s the best Private Investigator in the area. He is one of the most financially secure PIs in the area—his manager, Rachel Wellington-Smythe—Rick—has seen to that.

Then Sally Dickerson walked into his business, and his life, one morning. She was a senior executive at Watermark, Inc, which her father owned and was the President of.  Now he was laid up in the hospital, the victim of a hit-and-run accident. Only Sally didn’t think it was an accident, she didn’t think the police were investigating with enough enthusiasm to suit her, and she wanted Hunt to get on the matter. Now.

Sally had learned her aggressiveness from her father, who’d taught her that winning was All That Mattered, because he wanted her equipped to take care of herself and his company after he was gone.

The cost of All That Mattered would become apparent to Sally, to her father, and to Hunt.

Gasoline Prices and California

California has the highest pump-price of gasoline in the nation now.  That raises some related questions in my pea brain:

What’s the per centage of all-electric vehicles in California’s government car and truck fleet (no one is producing serious electric/hybrid heavy equipment)?

What’s the per centage of hybrid vehicles in their fleet?

I suspect there are more than zero in each category: what’s the carbon footprint of the energy used to charge those vehicles’ batteries?

Obamacare Premiums

Stephanie Armour noted that Obamacare premiums are expected to be lower in 2020 than they are this year, and she wondered whether that means Obamacare is working, or if there remain problems to be fixed.

The drop doesn’t address the core problem with Obamacare: it’s a government welfare program that mandates coverages at prices independent of the risk being transferred.

Falling premiums? They’re still much too high, as are deductibles (which Armour completely omitted from her article), especially when compared to what would be the case in a free market, and they’re for coverages that aren’t, generally, needed, to boot.

To the extent subsidies are legitimate and truly needed to help offset [excessively high] premium costs, those just as easily can be paid in conjunction with policies bought through employers or privately in a free market.