McCain takes brave stand on health insurance reform… again

The media is applauding John McCain for his “maverick moment” in killing Trumpcare.

I’m no huge fan of John McCain, but I want to note that this is not the first time that McCain has taken a brave stand on health insurance.  Back in 2008, when he was running for President, he proposed eliminating the tax deduction for employer-provided health plans.

Economists agree that the tax deduction is a major reason that our health care system is so screwed up:

  1. It’s a huge government give-away, and it disproportionately benefits people who make a lot of money (since their health plans are typically more costly). #welfarefortherich
  2. By linking employment and health insurance, it creates uncertainty and anxiety for anyone who is sick and/or unemployed.  (And then the economy gets gummed up with people who are afraid of leaving their jobs because of concerns about health insurance.)
  3.  It encourages the over-consumption of health care by putting one more entity between the consumer and the entity that is paying for that health care. (consumer -> employer -> insurance company -> provider group -> health care provider)

I’m unaware of any other Presidential candidate – from either party – who’s been willing to take that brave stand.  What did McCain get for his bravery back in 2008?  Barack Obama hammered him with fear-mongering ads that called the plan “radical.”

NYT calls tax scam an “ambitious art initiative”

Man pays $2.4 million for celebrity photos.  Man agrees to pay an additional $2.4 million to the photographer if his tax avoidance scheme pays off.  Man donates photos to a government agency and values gift at $20 million.  Another government agency balks at accepting that valuation, perhaps because the market value of the art would seem to be  $2.4 million, since that’s what he paid for it.

The New York Times is unsure if this is a tax grab.  Maybe.  The man is also puzzled.  He can’t understand why his actions aren’t “being celebrated.”

We were asked to help facilitate a major gift to the Art Gallery of Nova Scotia that would provide it with a unique collection of art from one of the world’s most praised photographers and that’s exactly what we did.

Note the passive construction.  He declines to mention who asked him.

HT Althouse.