Menu
The Goodman Institute Health Blog
  • Home
  • Authors
    • Devon Herrick, Ph.D.
    • John C. Goodman
  • Popular Topics
    • Affordable Care Act
    • Consumer-Driven Health Care
      • Cost of Healthcare
      • COVID-19 and Public Health
      • Doctors & Hospitals
      • Public Insurance
      • Policy & Legislation
    • Direct Primary Care
    • Drug Prices & Regulations
    • Health Economics & Costs
    • Health Insurance
    • Health Reform
    • Medical Tourism
    • Medicare
    • Single-Payer/Medicare-for-All
    • Telemedicine
  • Goodman Institute
  • Contact
The Goodman Institute Health Blog

Bidenomics

Posted on March 11, 2023March 11, 2023 by John C. Goodman

Casey Mulligan in the Wall Street Journal:

I estimate that Mr. Biden’s insurance, regulatory and tax policies as implemented will eventually combine to reduce the nation’s labor income by 5% to 6.5%, with an additional reduction in the long term due to education policies in blue states. In two years under the Biden administration, the labor market is already falling short. Real employee compensation per adult … is 3.3% below the pre-pandemic trend.

I estimate that degrowth policies since 2020 will cumulatively reduce Medicare and Social Security tax revenue by at least $400 billion—and perhaps as much as $900 billion. The tax base will shrink even more if Mr. Biden succeeds in levying higher wealth and business taxes.

I estimate that …  remote-learning policies reduced prospective Medicare and Social Security tax revenue by $118 billion in present value.

Join the conversation. Cancel reply

For many years, our health care blog was the only free enterprise health policy blog on the internet. Then, when the NCPA closed its doors, the health blog stopped as well.

During this five-year hiatus no one else has come forward to claim the space. So, my colleagues and I have decided to restart the blog in connection with the Goodman Institute. We invite you and others to use this forum to share your views.

John C. Goodman,

Visit www.goodmaninstitute.org

Subscribe via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 12 other subscribers

Popular Topics

©2023 The Goodman Institute Health Blog | Website by Lexicom