A few points on Medicare For All

Elliot Schroeder Elliot Schroeder 1 Comment

“Today, the Medicare Tax rate is 1.45% for individuals with earned income up to $200,000. Employees and employers each pay 1.45%, for a total of 2.9%. Unlike with Social Security taxes, there is no limit on the income subject to Medicare taxes.” – Medicare only covers 50m people. So it would cost 6 times current rate to cover everyone – …

San Diegans Feel the Bern

Elliot Schroeder Elliot Schroeder 24 Comments

Bernie Sanders campaigned in San Diego yesterday (March 22). This is his only official stop in California on this trip. The event was free and open to the public, but admission was first come, first served. By mid-morning Monday his website had stopped accepting reservations. Unfortunately, for Bernie fans who missed it, I sense that the irony was missed. What …

Income Inequality: Part Five – Where Do We Go From Here?

Eric Andersen Eric Andersen Leave a Comment

In the Parable of the Talents we learn that diversity is woven into the fabric of creation. We see that Jesus does not distribute or reward talent equally. His concern is with how we use our talents. His greatest reward goes to those who invest their talents shrewdly. This reward structure appeals to our basic nature.  If you will excuse me, …

Income Inequality – Part Four: Just Remove the Rocks

Eric Andersen Eric Andersen Leave a Comment

In Part One I agreed with Sen. Bernie Sanders (D-VA) that income inequality was a problem but disagreed with him for not differentiating the moral from the immoral causes. In Part Two I shared how free moral consumer choices made Taylor Swift wealthy and how each transaction left her customers better off than they were before the exchange making each …

Income Inequality – Part Three: Individual Choice

Eric Andersen Eric Andersen 8 Comments

In Part One I agreed with Sen. Bernie Sanders (D-VA) that income inequality was a problem but disagreed with him for not differentiating its moral from its immoral causes. In Part Two I shared how consumer choice made Taylor Swift wealthy and how each transaction left individuals better off than they were before. Each transaction was a “win-win”. In this post I address the …

Income Inequality – Part Two: Consumer Demand

Eric Andersen Eric Andersen 6 Comments

In Part One I agreed with Sen. Bernie Sanders (D-VA). We have an income inequality problem. Where we disagree is I differentiate inequality created by consumer demand and individual decision (moral) from inequality created by government regulation in violation of rule of law (immoral). Sen. Sanders and Keeley Mullen, National Director of the Million Student March don’t believe that recording …