How robots are helping address the fast-food labor shortage https://t.co/xh8Ghv9rZX — Paul Epps (@paulepps) January 21, 2023 There’s not really a fast food labor shortage. It’s created by the fact that unemployment benefits and ObamaCare subsidies can total up to $120,000 per year for a family of four. Not bad! If you can make six figures for doing nothing, you wanna go be a fry cook? The robots address the fact that the absurdly high numbers that people want to make for minimum-wage work is well beyond the value that minimum-wage workers add to the bottom line. The real minimum wage is always zero. Read more →
EppsNet Archive: ObamaCare
Another Explanation for Low Unemployment Numbers
People who are not employed but not looking for employment are not considered unemployed and are not included in calculating the unemployment rate. I’ve theorized that one reason for the artificially low unemployment rate is people dropping out of the workforce, although I couldn’t explain why so many people were dropping out of the workforce. But now I think I can explain it. The Committee to Unleash Prosperity, an economist-founded nonprofit, analyzed how unemployment benefits and ObamaCare subsidies in each state stacked up against employed people’s compensation. The writers of the report found that these two benefits alone could total up to $120,000 per year for a family of four. In 14 states — including North Dakota, Oregon, Colorado, Montana, and Minnesota — unemployment benefits and ObamaCare subsidies were found to be the equivalent to a head of household earning $80,000 in salary. In other words, a spouse would have… Read more →
Bernie Madoff and Barack Obama
The death of Bernie Madoff reminds me that I never understood why he was so vilified. He ran a Ponzi scheme. All of his investors knew it was a Ponzi scheme. They chose to get in, and gambled that they could time their exits just right. Some succeeded, some failed. . . . The fact that he not only claimed to return 10% in every kind of market condition but actually did so constituted something like proof positive that he was running a Ponzi scheme, for anyone who cared to take notice. So I think Madoff’s “lies” go into the same category as the alleged “lies” of Barack Obama when he said that under Obamacare, anybody who liked his/her old health insurance policy would be able to keep it. Nobody capable of arithmetic could have believed such an outlandish statement — unless they gave it no thought whatsoever, in which… Read more →
Spot the Fake News: Obamacare Subsidies
I read four news stories on the same topic — the end of Obamacare subsidies to insurance companies. The Wall Street Journal plays it straight down the middle: President Donald Trump’s executive order on health care issued Thursday marks the first major salvo in what the White House promises will be an extensive, targeted campaign to unravel the Affordable Care Act administratively. As does Bloomberg: President Donald Trump said he is moving “step by step” on his own to remake the U.S. health care system because Congress won’t act on his demand to repeal Obamacare. The Trump administration took its most drastic measure yet to roll back the Affordable Care Act Thursday evening, announcing it would cut off a subsidy to insurers hours after issuing an executive order designed to draw people away from the health law’s markets. See if you can spot the fake news in the Politico version:… Read more →
Why Should Men (or Women) Have to Pay for Prenatal Coverage?
Illinois rep asks why men should have to pay for prenatal coverage — LA Times Evidently the LAT thinks this a hopelessly stupid question, but why? ObamaCare requires that all health plans cover pregnancy and childbirth, even though pregnancy and childbirth insurance is expensive and many people (including women) don’t need or want it. Why is a man or woman not afforded the option to buy a less expensive health plan without pregnancy and childbirth coverage? Why is that not an option? Even though the LAT frames the issue as a stupid question asked by a stupid white male, why should women in their 50s or 60s or 70s be paying for pregnancy and childbirth insurance? Or women of any age if they don’t want it? Why is this law forcing people to pay for expensive things that they don’t need or want? Read more →
IRS Refunds $4 Billion to Identity Thieves
The Internal Revenue Service issued $4 billion in fraudulent tax refunds last year to people using stolen identities, with some of the money going to addresses in Bulgaria, Lithuania and Ireland, according to an inspector general’s report released Thursday. The IRS sent a total of 655 tax refunds to a single address in Lithuania, and 343 refunds went to a lone address in Shanghai. In the U.S., more fraudulent returns went to Miami than any other city. Other top destinations were Chicago, Detroit, Atlanta and Houston. — Associated Press Hmmm . . . aren’t there some sort of sanity checks built into the IRS system? Doesn’t a warning bell go off when 655 tax refunds are sent to a single address in Lithuania? Does this erode your confidence in the federal government’s ability to manage complex systems and gigantic sums of money? I’m sure they’ll do a much better job… Read more →
Another Smoking Gun on “Keep Your Coverage”
The conversation below took place more than four years ago — June 23, 2009 — at a congressional hearing on Obamacare. The topic was the keep-your-coverage promise, and the participants were Christina Romer, then chair of the Council of Economic Advisers, and Rep. Tom Price, who is also a doctor. The conversation plays out like one of those word puzzles where you start out with one word and change one letter at a time to get a completely different word. Watch Romer’s responses on keeping your coverage go from “Absolutely” to a stammering “I’d have to look at the specifics.” It’s also yet another reminder of what a pig in a poke Obamacare was. Even the people advocating for it had no idea what was in it. REP. PRICE: You also mentioned, as other folks have, that the president’s goal — and it’s reiterated over and over and over —… Read more →
Enough of the Mealy-Mouthed Obamacare Excuses!
I’d have a lot more respect for the president if he just came out and said, “As Otter so cogently observed in Animal House, ‘You fucked up … You trusted us!’” Read more →
Politics: The Profession of Scoundrels
Some of the president’s most central and important claims about Obamacare are revealed now – and widely admitted – to be wrong. If he were the CEO of a private company he would be sued, publicly lambasted by all the major media, perhaps hauled before an admittedly grandstanding Congressional committee, and possibly prosecuted, convicted, fined, or even imprisoned for fraudulent misrepresentation. But because Obama is a politician, his misrepresentations are excused as simplifying descriptions aimed at persuading the doofus public to fall for legislation that they would not have fallen for had the president described that legislation honestly and accurately. Politics is the profession of scoundrels. — I Ask Again: Can We Sue for Fraudulent Misrepresentation? Read more →
Opting Out
What we need is competition and a chance for people to opt out of the system. You talk about opting out of ObamaCare? Why can’t we opt out of the whole system and take care of ourselves? — Rep. Ron Paul (R-TX) That’s a great question that I’ve wondered about for many years. For example, why can’t people opt out of Social Security? It seems to be in pretty bad shape. Why can’t I say to the government, “Do not take any Social Security deductions from my income. Let me keep all that money, and when I retire, you owe me nothing.” Why is that not an option? You might say, “Because you’ll screw it up. You’ll spend all the money now, and when you’re too old to work, you won’t have anything in the bank.” Why is that your problem? Read more →