Medical Redistribution of Wealth

Medical Redistribution of Wealth

I discovered the following on the internet.

 “Donald Berwick “We Must Redistribute Wealth”

Today, President Obama officially made Donald Berwick his recess appointment to be the administrator of the Centers for Medicare and Medicaid Services.

In 2008 while speaking on the British health care system in the UK, Berwick said wealthy individuals must redistribute their wealth to those less fortunate for health care funding. Also during this speech, he told those in attendance that he opposes free markets.

“Any health care funding plan that is just equitable civilized and humane must, must redistribute wealth from the richer among us to the poorer and the less fortunate. Excellent health care is by definition redistributional.”

Here is another example of someone in an elected or appointed position who has no clear understanding of the economy and the free market. The free market drives the economy. Individuals with disposable income thrive and invest and cause cash to enter the economy. The movement of cash and the opportunity to invest creates small businesses and that creates jobs. More jobs means more employees and more employees earn money and pay taxes.

This appointed individual doesn’t understand basic economics. First when did health care become a right that an individual has? The Constitution doesn’t give us the right to health care. We need health care just like we need food, shelter and fluids. We need these things, but we’re expected to provide them ourselves. Is the government expected to give us everything we need or want in life? If it is I could use a brand new, Italian convertible. The last time I looked my self esteem was pretty good, but a hot red Italian convertible would do a great job at further enhancing  my self esteem. I think the government should give me one. Redistribute it from some of the elected empty suits.

This man thinks that anyone who had earned success in life, through design or through accident should have that success confiscated from them and distributed to people who have not earned success. What makes that right? What makes that necessary? My success has nothing to do with the lack of success on the part of those who failed to achieve success.

Does this appointed individual think that I’ll continue my success at the rate I had been successful to support the government mandates to help those who failed to help themselves? Why be successful only to see the fruits of my success go to others who failed to earn it for themselves. If I work hard but fail to keep the rewards of that hard work, why am I working? If my investments fail to return an adequate profit, why invest? Currently Certificates of Deposits earn between 1 ½ and 3 percent. How many millions of dollars have been taken out of investments to sit in CDs? How much of that money could be used to invest in small businesses or loans for entrepreneurs or put at risk with the potential for significant gains, but aren’t because of economic uncertainty and to avoid earning money that will not stay with the original owner. Why make money if I don’t get to keep it. Park your money someplace safe until reason and fairness returns to the free market.

Why make money only to have it redistributed. Margaret Thatcher said that the problem with socialism is sooner or later you run out of other people’s money. One reason you run out of other people’s money is that other people who are smart can control how much they make or how much they invest. As creative as the government can be at finding ways to tax me, I can me more creative at not making money. You can’t tax or confiscate what I don’t earn. As they try to redistribute my wealth I can sit on it and wait out their worst efforts to get me to support those who fail to help themselves.

Am I being greedy or am I being prudent? Why earn it if I can’t keep it?

Redistribution of Wealth is a disincentive for those who earn and create wealth. I won’t make it if I can’t keep it.

Vote the Bums Out,

Gino