Government health insurance, Social Security, private mortgage lenders
At this site and others you might have come across the libertarian argument that State-provided medical insurance will out-compete private medical insurance because the State has the privilege of coercing ever-increasing tax revenues out of its captives. For instance, I blagged about Sheldon Richman’s recent column putting forth this and other solid arguments.
In response to this line of reasoning, I have come across a counter-argument from Statists that goes, “Yeah, government medical insurance will crowd out private insurance just like Social Security did away with private retirement funds and Fannie Mae made private mortgage lenders obsolete.”
Ha! If you want to compare the future of your beloved government health insurance to the other governmental failures of Social Security and Fannie Mae/Freddie Mac, go right ahead! What does their impracticality, their inefficiency, and indeed their criminality, together with the fact that they continue to exist in our society, tell you about the nature of private vs. “public” ventures? If you think the taxpayer-funded health insurance will do just as well for its subscribers and for the rest of the country at large, you can assert that all you want!
File this under the “Statists are hopelessly stupid and so is their worldview” category.
