July 20, 2017

Otequay of the Ayday

Alyene Singer at the Heritage Foundation estimates that [Obamacare individual mandate] subsidies will cost taxpayers $100 billion a year, up until 2023. In typical big government fashion, the grand barrage of mandates and subsidies and taxes and penalties is fashioned so that only the "smartest people in the room "...left-wing professors from MIT or Harvard or Stanford, can really master all the details of the plan. But if you oppose it, you are not just opposed to healthcare...you're opposing the interests of humanity.

In the end it's the classic case of government robbing Peter to pay Paul…and in this case "Peter" is the millennials. You know... the demographic group responsible for putting Obama into office, both in 2008 and 2012. As an article in Politico notes, "Mitt Romney would have cruised to the White House had he managed to split the youth vote with Barack Obama." In 2012, Obama won this demographic by a whopping 37 points, 67% to 30%.

Why would he turn around and stab them in the back? Particularly when today's youth are often in the stranglehold of massive student loan debt even before they begin to build wealth?

Because he knew he could get away with it.

Millennials are big on style and short on substance. At high schools and college campuses and hipster bars around the country, supporting Barack Obama was seen as the epitome of cool. But ask these young scholars and urban professionals to sum up the provisions of ObamaCare in 60 seconds. The results would likely be disappointing.

Young people want to be seen as progressive and open-minded and tolerant and caring. Precious few are interested in the Constitutional foundation of this country, or in learning about the way that big government socialist collectivists like Barack Obama trample on that foundation.

Obama Stabbed Millennials in the Back with Healthcare
By: David Unsworth

ACA Horror Story of the Day Health Care Quote of the Day Posted by JohnGalt at July 20, 2017 2:41 PM

Tyler Cowen has produced some amazing work on the morality of time. We are stealing wealth from future Earthlings when we impede growth.

This example is more direct, but one of my favorites was the assertion that climate rules would cost "only" 1% growth of GDP. I don't know what Einstein thought this up, but 1% sounds small. Yet you have stolen half the wealth of the person born in 72 years.

How do you fix this? You need to have these young people thing rationally and methodically. I can see that if they take a class from Tyler Cowen. From Nancy McLean? Not so much.

Posted by: jk at July 21, 2017 10:15 AM

"One percent growth of GDP" does sound small, but since current annual GDP growth is two to three percent, it destroys roughly 50% of GDP growth. Is it just me, or does that sound large?

Posted by: johngalt at July 21, 2017 10:59 AM

Well, if you're going to use math.....

Posted by: jk at July 21, 2017 1:36 PM | What do you think? [3]