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Thought To Ponder

…the task of the entrepreneur consists precisely in finding, in a world of perpetual change, which combination of resources will yield, in the conditions of today, a maximum surplus of output over input value, and in guessing which will do so in the probable conditions of tomorrow, when output values, cost of complementary input, and technology all will have changed. (1940)
Ludwig M. Lachmann

[ Health ]
 NHI - Government flunks due diligence test 
15 September 2006
The Nassau Institute

It is reported that the Government intends to table in Parliament its proposed National Health Insurance plan (NHI) before yearend. Let us "examine the deal" as if it were a private investment proposal in the securities market.

NHI and the worker.

The Government will provide residents...both legal and illegal...with healthcare that is to be "funded" by a tax on workers' income and a tax on the companies that employ them. The Government without exception will take money equally out of every worker's paycheck (and out of his employer's income) with the promise to deliver healthcare as needed by the worker and his family.

Click here to view the complete article. (PDF file)

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