18 April 2010

Tax them!

How strange. Two of the biggest things on my hit list: HMI and employer benefits for health care, are costing us hundreds of billions of dollars in public revenues alone (no calculation is enclosed for the increased costs of housing or health insurance/health care caused by favorable tax treatment).

I wonder how I arrived at the conclusion these were bad ideas that are causing massive economic distortions? Surely I must be mistaking home mortgage interest deductions with other wealth transfers like the welfare state. There's certainly no way that Americans would put up with a system that transfers vast sums of money to wealthy people through public policy when it has so much trouble over the vast (but lesser) sums of money it transfers to poor people through the same mechanics of government taxation.
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