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You know, always read Paul Krugman. He's always good. But sometimes, he's really good.When a family without health insurance suffers illness, the results are often catastrophic — either serious conditions go untreated or the family faces financial ruin. Our inadequate insurance system is one important reason why America, the richest country in the world, has lower life expectancy and higher child mortality than most other advanced nations.
So why should tax cuts take priority over health care? I know the party line: tax cuts for high earners are the key to economic growth, and a rising tide lifts all boats. But there's not a shred of evidence supporting that claim. More than two decades after the supply-siders launched their tax-cut crusade, ordinary workers have yet to see a rising tide. The median real wage is only 7 percent higher now than it was in 1979, with all of that increase achieved after Bill Clinton raised taxes for the top bracket.
posted by
Matthew Carroll-Schmidt at 10:51 AM
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