When Barack Obama ran for president in 2008, health care was a major issue. Although many on the left were advocating single-payer, national health insurance, Obama pledged private health insurance reform instead.
Planting trees to sequester carbon and prevent carbon dioxide emissions has become very popular (whether it is accomplishing much or not). Now the New York Times reports that the effort to save the world is causing local ecological harm by bringing in non-native species.
The Biden administration is proposing a new tax on households worth more than $100 million. Tagged as a “billionaire tax,” the new levy would apply not just to ordinary income, but also to unrealized capital gains. If a wealthy person owns shares of stock and the stock is worth more today than when it was purchased, Biden wants the federal government to take 20 percent of the increase. So, what’s wrong with that?
According to a Goodman Institute study by David Henderson and Charles Hooper, studies suggest that there are at least 11 drugs that can substantially reduce mortality in patients who contract Covid-19. These drugs are widely used, safe, and convenient. Because they are generic, most of them cost $1. A few of them cost $5.
Inflation has been driven by an explosion of federal spending, which rose to 40% of GDP. Spending surged as the pandemic shutdown reduced employment and production during that period by an average of 7%. In this textbook case of inflation, $1.20 of income began chasing 93 cents of goods and services – a process greased by expansive monetary policy. That mismatch sent inflation to a 40-year high.
This week the National Resident Matching Program (Match) will inform between 45,000 to 50,000 medical graduates whether they have a career in medicine or should try for Plan B. Some of those who failed to match (about 20 percent) will spend the rest of their lives trying to pay down $300,000 in medical school debt without an income capable of servicing that debt.
Beginning around 1980, the federal government and public health agencies began demonizing meat and saturated fat as the major cause of obesity, diabetes, and cardiovascular disease in the U.S. and around the world. They promoted a low-fat diet with increased consumption of carbohydrates instead. Obesity in the US has been steadily increasing ever since.
Sadly, these top-down public health campaigns served up a perfect nutritional storm for higher levels of obesity, diabetes, high blood pressure, and cardiovascular disease. And this was done while mounting, high-quality, peer-reviewed nutritional research suggested the basis for their advice was completely wrong.
Invading Ukraine has made him, his associates, and, indeed, his nation radioactive. Aeroflot can no longer land in any Western city. Western airlines are canceling flights to Russia. BP and Shell Oil are pulling out of Russia. AerCap, the world’s largest aircraft leasing firm is doing likewise. So are huge banks, including HSBC. Société Géneral, and Shinhan Bank. Even Disney has had enough. It’s pulling Batman from Russian theaters.
Almost three decades ago Republicans recaptured the House, for the first time in 40 years. Led by Newt Gingrich, they ran on a one page (Reader’s Digest size) set of promised reforms. My colleagues and I supplied the tax reforms for the document.
There has been a lot of media speculation about another Contract for this fall’s election. I have made a number of suggestions, but I can’t guarantee it will happen. Nonetheless, because of the prospect that it might happen the original Contract is now being trashed as partisan and self-serving by the mainstream media.
In response to this distortion of history:
Two years ago, 81 think tanks and grass roots organizations signed onto Health Care Choices, a comprehensive reform of the health care system. This was a huge accomplishment – since the conservative think tanks had been at odds over health policy for almost three decades.
The most important innovation in our approach is this: We should begin by saying Obamacare has made health insurance unaffordable and the best doctors and hospitals inaccessible. In other words, we should go right to the heart of what the other side promised and didn’t deliver; and then pledge to do what they didn’t do by empowering individuals and letting markets work.