Wednesday, November 27, 2019

A Rising Tide Doesn't Float All Boats

It seems the rest of the voters are catching up to me, as I knew Elizabeth Warren was full of crap a long time ago. If nothing else, she’s an economist, an ilk which tells us that if you pour water from one bucket into another then all buckets will be full.

(Dean Baker; “There is no such thing as a labor shortage. All you have to do is pay higher wages and hire them away from your competitor.”)

Lizzie had risen to one of the top two in the Democratic candidate field, but is now down in the middle ranks, with her rating falling from 27% down to 14% in the polls. It’s not surprising given her astonishing performance on “healthcare for all.” (Among other things. “I sent my kids to public schools.” Oops.)

For months Warren competed with Bernie Sanders on this point, with Sanders admitting that he would tax the middle class to pay for it but that the tax would be less than they are now paying in insurance premiums, while Warren said the middle class would pay nothing at all. She said that “I have a plan” to pay for it, one which did not include “working men and women,” but steadfastly refused to reveal the plan.

She finally succumbed to pressure and revealed the plan but would have been better off, as is usually the case with this nitwit, to have kept it to herself.

The first part of the plan was, of course, the “wealth tax” and, amazingly, no one interrupted her to point out that she had already committed the “wealth tax” to paying for a free college education for everybody including, apparently, those who didn’t graduate from high school.

Long story short, the payment plan floated like a brick in a millpond, so Warren changed to a long term transition wherein people would “buy in” to Medicare and private insurance would not be cancelled but would sort of wither away to a natural death as the popularity of Medicare…

Right, that boat is not floating either. Thus the drop in the polls.

2 comments:

bruce said...

Yeah her wealth tax has been allocated to more things that it would be able to pay for even if it were to come true. I see the Ms. Warren (and other candidates) have no Plan B if that doesn't work out. Don't these people know how laws are passed? Didn't they learn anything from the ACA debacle? I guess not.

Oh and I like Amy Klobuchar's statement "beware of promises of free stuff"... I'd vote for that.

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