OUT TO LUNCH
So here’s the good news. We are not alone. You may have long assumed that the ANC enjoy a virtual monopoly when it comes to barmy, unworkable social engineering plans but you may derive cold comfort to learn that similar ideas are popping up in places like the USA and the UK. The sort of places to which disillusioned South Africans may be thinking of transferring their skills.
My editor at the Institute of Race Relations, Sara Gon, wrote an excellent piece last week on dailyfriend.co.za (All too familiar lesson from America) which highlighted the rantings of the Democrat party and their brilliant strategy to win back power from Donald Trump.
Among these were plans which would involve destroying major industries in the quest for a fossil fuel free environment within ten years. For example, planes would be grounded and replaced by high speed trains (have they been talking to Cyril?) but the massive loss of jobs this quest for zero emissions would lead to in a highly industrialised nation would be easily solved by offering every American a “guaranteed job”, although what these jobs would involve is still a bit vague as things tend to be when lefties start proposing anything to do with economics.
You’ll be happy to know that our own NHI proposals are insignificant compared to what the lefties would like in the USA. Their very own magic grandpa, Bernie Sanders, wants to nationalize the health insurance industry and make it illegal to belong to a private health scheme. This is a $900 billion industry in the USA but, as usual, Bernie knows best and all that has to happen for this to work is for doctors and hospitals to reduce their charges by up to 40% while offering the same level of healthcare. Oh, and it would cost the US taxpayer an estimated $32 trillion to implement over the next ten years. Looks like a real vote winner to me.
The Democrat’s resident swivel eyed loony, Alexandria Ocasio-Cortez, has suggested higher marginal tax rates of up to 70% for the super rich. This didn’t work terribly well for the UK Labour Party back in the mid 1970’s when the then chancellor of the exchequer, Denis Healey, said he wanted to squeeze the rich and raised the top rate of income tax to 83%. This resulted in a stream of high end tax payers moving their business affairs offshore and thereby reducing the tax take. It was also very effective in dissuading any new investment in the UK which is why Margaret Thatcher and the Conservative Party romped to power in 1979.