Tuesday, January 29, 2013

MSW v. Sirico: Part 1 | National Catholic Reporter

MSW v. Sirico: Part 1 | National Catholic Reporter by MSW.  MGB: Let me add three elements.  The first is that in many cases, people are poor because of bad public education and our aggressive war on drugs.  If all poor families had both parents and the parents received remedial literacy training to a functional level - and were paid to do so, poverty would almost be solved.

Second, everyone who works or is in a literacy program should receive an addition to their pay to care for each child to the tune of $500 federal and $500 state per month - which should come as an offset to an employer based consumption tax (technically a net business receipts tax - with the essential difference being that wages are not exempt). This is necessary because if firms provided such a premium on their own, many would fail in a free market - where if this were part of the tax system the employer might even get money back.

The third point is on the Affordable Care Act.  Its a lovely idea, however if health insurance company investors are more risk averse than the uninsured (whose subsidies may be too low), then the single payer system MSW hopes for will come about as these companies go bankrupt (unless of course wiser heads show up and drop the guaranteed coverage in exchange for a tax subsidized public option for those with pre-existing conditions.

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