Since we’ve promised more than we can deliver, someone’s ox will get gored.
Taxes and transfer programs cut the spending to the top 1 percent in half, but they double the consumption of those in the bottom fifth of the income distribution.
From a forthcoming NBER study by Alan J. Auerbach, Laurence J. Kotlikoff and Darryl Koehler
John C. Goodman is President of the Goodman Institute and Senior Fellow at The Independent Institute. His books include the soon-to-be-published updated edition of Priceless: Curing the Healthcare Crisis, the widely acclaimed A Better Choice: Healthcare Solutions for America, and New Way to Care: Social Protections that Put Families First. The Wall Street Journal and National Journal, among other media, have called him the “Father of Health Savings Accounts.”
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