A Matter of Luck

September 7, 2009

A full reading of the article is necessary to understand the context, but this is a great statement on Capitalism:

Beauty is a matter of luck, but the same could be said of many other talents. And what open markets do for beautiful women they also do for other sorts of genius. So, cheer up next time you see a Siberian blonde dominating male attention at the far end of the table: The same mechanisms that brought her to your dinner party might one day bring you the Ukrainian doctor who cures your cancer or the Polish stockbroker who makes your fortune.

HT: Club for Growth

CEO Offends Customers by Advocating for Their Best Interests

August 18, 2009

Recently, John Mackey, CEO of Whole Foods, wrote an article arguing against President Obama’s proposed health care “reform”. Here is a list of recommendations from Mackey’s article:

• Equalize the tax laws so that employer-provided health insurance and individually owned health insurance have the same tax benefits. Now employer health insurance benefits are fully tax deductible, but individual health insurance is not. This is unfair.

• Repeal all state laws which prevent insurance companies from competing across state lines. We should all have the legal right to purchase health insurance from any insurance company in any state and we should be able use that insurance wherever we live. Health insurance should be portable.

• Repeal government mandates regarding what insurance companies must cover. These mandates have increased the cost of health insurance by billions of dollars. What is insured and what is not insured should be determined by individual customer preferences and not through special-interest lobbying.

• Enact tort reform to end the ruinous lawsuits that force doctors to pay insurance costs of hundreds of thousands of dollars per year. These costs are passed back to us through much higher prices for health care.

• Make costs transparent so that consumers understand what health-care treatments cost. How many people know the total cost of their last doctor’s visit and how that total breaks down? What other goods or services do we buy without knowing how much they will cost us?

• Enact Medicare reform. We need to face up to the actuarial fact that Medicare is heading towards bankruptcy and enact reforms that create greater patient empowerment, choice and responsibility.

• Finally, revise tax forms to make it easier for individuals to make a voluntary, tax-deductible donation to help the millions of people who have no insurance and aren’t covered by Medicare, Medicaid or the State Children’s Health Insurance Program.

Refreshing, isn’t it? A plan that would actually work and not trample individual liberty in the process. Unfortunately for Mackey, his wisdom was not appreciated by many of his customers. Radley Balko of The Agitator has an excellent take on the negative reaction:

Mackey didn’t deliberately offend his customers, as some have suggested. He didn’t spit in your face, or, as one commenter so delicately put it, he didn’t “squeeze a turd in [your] punch bowl.” He just overestimated you.

You see, he shared his ideas on health care reform, thinking that you, being so famously open-minded and all, might take to a few of them, or that it at least might start a conversation. I guess he felt he’d built up some cache with you, and wanted to introduce you to some new ideas. His mistake wasn’t in intentionally offending his customers. He’s a businessman who has built a huge company up from the ground. I’m sure he knows you don’t deliberately offend your customers. His mistake was assuming you all were open-minded enough consider these ideas without taking offense—that you wouldn’t throw a tantrum merely because he suggested some reforms that didn’t fall in direct line with those endorsed by your exalted Democratic leaders in Washington. In retrospect? Yeah, it was a bad move. Turns out that many of you weren’t nearly mature enough to handle it.

So much for “change”.

HT: Club For Growth

Liberty or Poverty

July 27, 2009

The Club for Growth blog recently posted on Walter Williams’ classic PBS documentary ‘Good Intentions’ based on his 1982 book, The State Against Blacks. The documentary may have been produced nearly 30 years ago, but its economic principles have not changed – nor have the problems of minorities or the causes thereof (despite the government’s good intentions).

Part 2

Part 3


At Gunpoint…

July 15, 2009

From the Club for Growth Blog:

Ask or Demand?

Don Luskin caught this lead paragraph in the New York Times [emphasis mine]:

House Democrats will ask the wealthiest Americans to help pay for overhauling the health care system with a $550 billion income tax increase, the chairman of the tax-writing Ways and Means Committee said Friday.

Stop the sugar coating. The Democrats will not “ask” anybody. They will demand. Force. Require. Subject to punishment.


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