Liberals most often have good intentions, but their ability to think things through is lousy and almost always lead to unintended consequences that end up hurting more than helping.....
http://www.nationalreview.com/article/423413/economics-good-intentions-don't-guarantee-good-results
News item: There is a new cholesterol-control drug on the market, Repatha, which is enormously beneficial to people who suffer serious side effects from the statins commonly used to control cholesterol or who derive no benefit from statins. Some 17 million Britons are potential beneficiaries of the drug, but they will not be able to use it, because the United Kingdom’s version of Sarah Palin’s death panel — which bears the pleasingly Orwellian name NICE, the National Institute for Health and Care Excellence — says it is too expensive. The United Kingdom’s single-payer health-care system is effectively a monopoly, and not an especially effective one: Cardiovascular-disease mortality rates in the United Kingdom are nearly 40 percent higher than in the United States. That’s not nice. And it isn’t what was supposed to happen.
News item: Between raising its in-house minimum wage to $9 an hour and increasing its spending on training, Walmart took on an extra $1 billion in expenses and subsequently failed to meet its earnings expectations. As the back-to-school rush gives way to the buildup to Christmas, Walmart employees around the country are seeing their hours trimmed as the company tries to recoup some of the losses it imposed on itself. Employees say they are being sent home early from their shifts or told to take extra-long unpaid lunch breaks, and they say that individual stores have been ordered to cuts hundreds or even thousands of man-hours. That’s not what was supposed to happen.
News item: “An unprecedented number of Californians left for other states during the last decade, according to new tax-return data from the Internal Revenue Service,” the Sacramento Bee reports. “About 5 million Californians left between 2004 and 2013. Roughly 3.9 million people came here from other states during that period, for a net population loss of more than 1 million people.” A quarter of that net loss was to Texas, where a state income-tax rate of 0.00 percent and low cost of housing stand in contrast with California. That’s not what was supposed to happen.
Read more at: http://www.nationalreview.com/article/423413/economics-good-intentions-don't-guarantee-good-results
http://www.nationalreview.com/article/423413/economics-good-intentions-don't-guarantee-good-results
News item: There is a new cholesterol-control drug on the market, Repatha, which is enormously beneficial to people who suffer serious side effects from the statins commonly used to control cholesterol or who derive no benefit from statins. Some 17 million Britons are potential beneficiaries of the drug, but they will not be able to use it, because the United Kingdom’s version of Sarah Palin’s death panel — which bears the pleasingly Orwellian name NICE, the National Institute for Health and Care Excellence — says it is too expensive. The United Kingdom’s single-payer health-care system is effectively a monopoly, and not an especially effective one: Cardiovascular-disease mortality rates in the United Kingdom are nearly 40 percent higher than in the United States. That’s not nice. And it isn’t what was supposed to happen.
News item: Between raising its in-house minimum wage to $9 an hour and increasing its spending on training, Walmart took on an extra $1 billion in expenses and subsequently failed to meet its earnings expectations. As the back-to-school rush gives way to the buildup to Christmas, Walmart employees around the country are seeing their hours trimmed as the company tries to recoup some of the losses it imposed on itself. Employees say they are being sent home early from their shifts or told to take extra-long unpaid lunch breaks, and they say that individual stores have been ordered to cuts hundreds or even thousands of man-hours. That’s not what was supposed to happen.
News item: “An unprecedented number of Californians left for other states during the last decade, according to new tax-return data from the Internal Revenue Service,” the Sacramento Bee reports. “About 5 million Californians left between 2004 and 2013. Roughly 3.9 million people came here from other states during that period, for a net population loss of more than 1 million people.” A quarter of that net loss was to Texas, where a state income-tax rate of 0.00 percent and low cost of housing stand in contrast with California. That’s not what was supposed to happen.
Read more at: http://www.nationalreview.com/article/423413/economics-good-intentions-don't-guarantee-good-results
