Big Healthcare is no exception, and it is important to understand just what healthcare is. The trillions of dollars of revenue sucked in by Big Healthcare are not just for medical care. “Healthcare” is mainly concerned with collecting and distributing the money. Perhaps half of the money gushing through the system pays nurses, doctors, orderlies, receptionists, or therapists, or buys medications, oxygen concentrators, wheelchairs, bandages, or x-ray machines. The rest is diverted to something else. It’s hard to figure out just how much because insurers may, in calculating the “medical loss ratio,” call a lot of things “healthcare” that you might call “administration.”
Tagged: big oil
If you want more of something, mandate it, subsidize it and exempt it from regulations. If you want less of something, punish it with taxes and regulations. Put more bluntly, the power to tax and regulate is the power to destroy. This is the First Rule of Government.
Democratic presidential candidate Bernie Sanders has often talked about his desire for the United States to emulate the socialist welfare states of Denmark, Norway, and Sweden by providing free college and health care and expanding Social Security. Sanders also wants to ban oil, natural gas, and coal production on lands owned by the federal government, and he has called for a ban on hydraulic fracturing, which has dramatically increased production of oil and natural gas in the United States.
Six of the largest oil companies in the world, all from outside the United States, have released a joint statement to the United Nations calling for governments to impose a global “price on carbon” by levying a tax or fee on the carbon dioxide emissions generated by power plants. Liberal groups have been fawning over the news, trumpeting that “Big Oil” has taken up the mantle of fighting climate change. Those groups are overlooking – or more likely intentionally ignoring – the fact this announcement is nothing more than classic cronyism, not a sudden concern for the climate.
Despite the war-like hostility of the Obama administration to the traditional carbon based energy that fueled the industrial revolution, the entrepreneurship and modern technology of America’s private economy is producing a boom in oil and gas production that is overwhelming President Obama.
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TweetHeartland friend Bruce McQuain at the Q&O blog shares a map to keep handy when demagogic politicians go after the oil companies for supposedly gouging consumers. Government makes much more[…]
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