Krugman Calls for Death Panels & Middle Class Tax Increases
By Rick Kelo

 

 

Paul Krugman is one of my favorite Statists to make fun of, and I know I’m not alone in that sentiment.  As it relates to this particular topic Krugman has been the nation’s single biggest advocate for Obamacare. Even after we spent a half billion dollars of your money in order to create a website capable of enrolling 6 people he has still been adamant in his near daily defense of Obamacare.

Now let’s look at what does Paul Krugman knows about what it will take to make Obamacare financially solvent. Also, FYI America presently has an unfunded liability of $42.8 trillion in Medicare funds shortage and an unfunded liability of $20.5 trillion in Social Security shortage. The federal government brought in $2.5 trillion in tax receipts last year. So if you think there is somehow money laying around to fund Obamacare without measures like the one’s Krugman secretly suggests…. well…. its time for you to reconsider the logic of that position.

Before launching into a partial transcription below let me make one point of clarification. One of the things you will hear Paul Krugman call for is a Value Added Tax to especially extract money from the Middle Class. In the OECD nations who have a VAT the average is 18.97%. So in Krugman’s ideal world we slap you with a 20% additional tax on everything you buy. His second point is the distinctly un-American idea of death panels. The fact it smacks of Animal Farm where the pigs send the horse to the glue factory is why its not surprising to hear it roll of the lips of a guy like Paul Krugman. To all the naive out there though let me make this general point: whenever government is given scarce resources then it must decide how to allocate them.

Eventually we do have a problem. That the population is getting older, health care costs are rising, and all of that. So there is this question of how we’re going to pay for the programs. The year 2025, the year 2030, something is going to have to give.

My vision of how I want it to be done is that we’re going to need more revenue. Surely it will require some middle class taxes. We won’t be able to pay for the kind of government the society will want without some increase in taxes, not a huge one, but some increase in taxes on the middle class, maybe a value added tax.

And we’re also going to have to make decisions about health care, doc pay for health care that has no demonstrated medical benefits. So the snarky version, which I shouldn’t even say because it will get me in trouble, is death panels and sales taxes is how we do this.