While I hate the idea of federally controlled socialized medicine, I find it ironic I have been on socialized medicine in the private sector all my adult life. In my industry you couldn’t hire somebody without giving group health insurance; you just wouldn’t be competitive otherwise. So in addition to my salary, my compensation includes a group policy for my family. I have one office mate with no wife or kids, and one with a wife six kids. They do the same job and have approximately the same salary. I figure the single guy is receiving about $15k a year less in compensation because of this “within company” socialism. I’ve tried to do some digging into how we got into this mess, and from what I can tell insurance started getting linked to employment as a way around wage caps in WW2 (I would love to know more from those that have studied more than I have). Is there a way for us to unroll this? Counting your insurance as taxable income would help IF it were coupled to lowering the income tax rate– perhaps part of a flat tax plan?
Couple this with the socialized schooling and tax exemptions you get for dependents, and I wonder just what percentage of our socialist wealth transfer occurs among employed people just based on their number of dependents.
Daniel Horowitz
Neil Stevens
Steve Maley
Jake Walker
I know that one of my coworkers
Leopard1996 (Diary) Tuesday, November 3rd at 12:35PM EST (link)Because he is the sole provider in his house winds up getting more back than what he pays in taxes due to the different refundable credits he is eligible for.
“The accumluated filth of all their sex and murder will foam up about their waists and all the whores and politicians will look up and shout, “Save Us!”….and I’ll look down and whisper, “No”…The Watchmen