05/31/07
Hours ago I wrote about the maleficiaries* of minimum wage laws. I looked for secondary effects, on track of values forgone.
This kind of reasoning applies to price rises of any basic good, really, any good that people tend to treat as a necessity. Take gas price increases. If one finds oneself paying more for gas, one can decrease driving. But most won't decrease driving down to nothing. It's other purchases they will forgo. Gas prices rise? Then maybe it's pizzas that won't be bought, or . . .
Health insurance.
Everyone values present goods over future goods to some degree. It's only with increased wealth that one can afford to sock a little away for the future and for eventualities.
So of course buying health insurance is lower on the list than feeding yourself or going to work, or even keeping one's spirits up with the occasional movie or whore.
So, ever wonder why so many people don't buy health insurnace for themselves? Because prices of other things are rising . . . in part because government
- regulated goods to increase prices and
- encourages a policy of inflation in the banking and monetary system.
Want people to buy health insurance? Well, be more wary supporting government policy that raises prices in general, usually in the name of helping this person here and that person there.
The ones most hurt by price rises are the poor and the retired.
* I didn't spend a lot of time looking this word up. I hope it means a recipient of action or intention that is harmful. A beneficiary gets good things; a maleficiary gets bad things. No?
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