The barriers against getting ahead have grown.
"We've had an agreement in this country, kind of unwritten, for the last 50 years, that we would spend
about 18 to 19 percent of GDP (gross domestic product) on the federal government.
This is a tipping point.
This takes us to 25 to 30 percent. And that money comes out of the private sector."
The effects of ObamaCare are being felt and they are not without
concern for unemployment.
You would think a piece of legislation more than a thousand pages
long would at least be clear about the specifics. But a lot of those
pages say: "The secretary will determine ..." That means the secretary
of health and human services will announce the rules sometime in the
future. How can a business make plans in such a fog?
So the shift to welfare being administered by the
State comes with a real cost that simply increases with time.
Stossel on barriers against betterment:
Link
There are many instances where fees and regulatory requirements have
significantly reduced the upward mobility.
The city of Atlanta, for example, has turned all street vending over
to a monopoly contractor. In feudalist fashion, all existing vendors
were told they must work for the monopoly or not vend at all.
"Vendors who used to paying $250 a year for their vending site must
now hand over $500 to $1,600 every month for the privilege of working
for the monopoly," wrote Bob Ewing in The Freeman. Ewing works for the
Institute for Justice, the libertarian public-interest law firm that
defends victims of anticompetitive regulation.
IJ has sued the city on behalf of two popular vendors.
Stossel on ObamaCare: on unemployment being kept high
Link
Three successful businessmen explained to me how ObamaCare is a
reason that unemployment stays high. Its length and complexity make
businessmen wary of expanding.
Mike Whalen, CEO of Heart of America Group, which runs hotels and
restaurants, said that when he asked his company's health insurance
experts to summarize the impact of ObamaCare, "the three of them kind of
looked at each other and said, 'We've gone to seminar after seminar,
and, Mike, we can't tell you.' I think that just kind of sums up the
uncertainty."
Brad Anderson, CEO of Best Buy, added that ObamaCare makes it
impossible to achieve even basic certainty about future personnel costs:
"If I was trying to get you to fund a new business I had started and
you asked me what my payroll was going to be three years from now per
employee, if I went to the deepest specialist in the industry, he can't
tell me what it's actually going to cost, let alone what I'm going to be
responsible for."
You would think a piece of legislation more than a thousand pages
long would at least be clear about the specifics. But a lot of those
pages say: "The secretary will determine ..." That means the secretary
of health and human services will announce the rules sometime in the
future. How can a business make plans in such a fog?
Whalen sees ObamaCare as a crossing of the Rubicon.
"We've had an agreement in this country, kind of unwritten, for the
last 50 years, that we would spend about 18 to 19 percent of GDP (gross
domestic product) on the federal government. This is a tipping point.
This takes us to 25 to 30 percent. And that money comes out of the
private sector. That means fewer jobs. This is a game-changer."
"We've had an agreement in this country, kind of unwritten, for the last 50 years, that we would spend
about 18 to 19 percent of GDP (gross domestic product) on the federal government.
This is a tipping point.
This takes us to 25 to 30 percent. And that money comes out of the private sector."