Obamacare is stupid but because of the dead losses and inefficiencies it involves, not because it is a transfer. Transfers as such do not create or destroy wealth, or cause loss. They may be inequitable for other reasons; they may have secondary incentive effects. But you are pretending that a transfer is a loss, and that's just incorrect.
Doctors deserve their incomes. Medicine companies earn their profits. Johnson and Johnson is not a den of thieves. Health care spending is entire legitimate economic activity and part of our overall production and income.
No one pays my health care costs except for me. And that is the way it should be. Unfortunately my tax dollars are being used to fund other's health care (abortions etc) and that is a loss.
Obamacare is stupid but because of the dead losses and inefficiencies it involves, not because it is a transfer. Transfers as such do not create or destroy wealth, or cause loss.
Say What!?. If someone transfers wealth from me it most certainly is a loss. I no longer have my wealth. It is lost to me forever. It is as much a loss as if I took the bills out of my pocket and burned them. In fact, it is more of a loss than that (If I burned them at least I profit from the heat produced).
They may be inequitable for other reasons; they may have secondary incentive effects. But you are pretending that a transfer is a loss, and that's just incorrect.
Your frame of reference must be really wacked. If someone takes money from me, it's a loss.
Doctors deserve their incomes. Medicine companies earn their profits. Johnson and Johnson is not a den of thieves. Health care spending is entire legitimate economic activity and part of our overall production and income.
I agree entirely. But what does any of that have to do with my money being stolen and used to pay for someone else's health care?
“Obamacare is stupid but because of the dead losses and inefficiencies it involves, not because it is a transfer. Transfers as such do not create or destroy wealth, or cause loss.”
Dude, that is economic ignorance in the first order.
Money is a tool like any other tool. Some people know how to use that tool and create things of value beyond the value of the tools used to create it. Others do not. When you take away the tools from the people who know how to use them and give them to people who do not, the result is a loss of productivity and a loss of future wealth. Your claim is the lamest thing I’ve heard a Freeper say in a long time.