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Thought To Ponder Politicians say they create jobs, but they really don't. Or rather, they rarely create productive jobs. Government has no money of its own. All it does is take resources from one group and give them to another. The pharaohs might have claimed they created work when they ordered that pyramids be built, but think how much richer (and freer) the Egyptians would have been if they'd been allowed to pursue their own interests.
It's individuals in the marketplace who create real jobs -- when they have the protection of life and property under the rule of law. |
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As the Bahamas contemplates a massive move down the road of socialized medicine, it must pause and look at the state of the nationalized healthcare programs presently in place. Two appraisals merit attention. "Sir John Templeton warns of the looming Baby Boomer crisis that is about to devastate Europe and the United States...77 million boomers are about to retire - and they will wreak havoc on Social Security, private pension systems and our health care system." Alan Greenspan opines, "Our country will face abrupt and painful choices unless Congress acts quickly to trim Social Security and Medicare benefits for the baby boom generation... Government resources, even under the most optimistic economic assumptions of growth and productivity, will be inadequate to provide baby boomers with the level of benefits their parents got." Click here to view the complete article. (PDF file)
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Comments
mdc - 26 November 2006 17:36- free market?
- "Bahamians should be required to purchase insurance by law,..."
How is this free-market?
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