A chicken in every pot. Pot for every chicken. Free health care. Free college tuition. Free renewable power (Well, maybe not.). Higher Social Security income. Medicaid for everyone.
And not just for Americans. It’s for anyone who can show up, anytime, at any age.
Hillary Clinton said so last night at the Democratic choir, I mean debate:
“Well, first of all, I want to make sure every child gets health care. That’s why I helped to create the Children’s Health Insurance Program, and I want to support states that are expanding health care and including undocumented children and others.
“I want to open up the opportunity for immigrants to be able to buy in to the exchanges under the Affordable Care Act. I think to go beyond that, as I understand what Governor (Martin) O’Malley has recommended, so that they would get the same subsidies.
“I think that is — it raises so many issues. It would be very difficult to administer, it needs to be part of a comprehensive immigration reform, when we finally do get to it.”
It turns out it is not just for the children. (We do assume that free college tuition mentioned most of the candidates is also for the so-called DREAMers.)
But the Sun Sentinel of Fort Lauderdale in South Florida reports that the U.S. is becoming Castro’s version of Social Security as older Cubans flock to the United States. An analysis by the paper found that the number of Cubans over the age of 60 coming to the U.S. has grown fivefold since 2010.
The attraction: $733 a month in Supplemental Security Income, food stamps, housing assistance and free health care.
Just one example:
“Elisa Diaz came at 75 to be near her three children in the U.S. She lives in Miami in a subsidized apartment, gets food stamps and $700 a month in SSI. The benefits, she said, are much better than pensions in Cuba — about $7 a month. ‘I have an American flag in my house,’ she said. ‘I’m happy. I want to be an American citizen.’”
This is true even if family members here have upper middle class income.
So, the rich here can not only afford all those freebies for Americans but for foreigners, too.
“It’s become a convenient pressure valve for the Castro regime to rid itself of its old people, with all their costs of aging, while holding on to power. …” an Investor’s Business Daily editorial relates. “The cost to U.S. taxpayers for this retirement plan for Castro’s castoffs is likely billions. The Sun-Sentinel found welfare alone for all Cuban refugees is about $685 million, and Cubans are the No. 1 recipients.
“This makes a mockery of the increasingly suspect system of instant asylum to any Cuban who makes it here. Castro has rapidly learned to use that law to dump his high-cost elderly on us, laughing all the way to the bank.”
After watching the debate Republican candidate Sen. Marco Rubio of Florida remarked:
“It was basically a liberal versus liberal debate about who was going to give away the most free stuff. Free college education, free college education for people illegally in this country, free health care, free everything.”
It was amusing to hear Clinton talk about the outrageous cost of college tuition. She is the one who charges colleges a quarter of a million dollar and more to give half-hour speeches.
Tom Sowell pointed out a couple of years ago that this “new” plan by the Democrats has already been tried.
In 1921 the top income bracket tax rate reached 73 percent in 1921. That year the number of people with income of $300,000 a year fell to 300, down from 1,000 five years earlier. Tax revenue also fell, Sowell notes.
Congress cut the top income-tax rate down from 60 percent to 24 percent and “vast sums of money that had seemingly vanished into thin air suddenly reappeared in the economy, creating far more jobs and far more tax revenue for the government.”
They called it the roaring ’20s.
In 1924, Treasury Secretary Andrew Mellon noted, “The history of taxation shows that taxes which are inherently excessive are not paid. The high rates inevitably put pressure upon the taxpayer to withdraw his capital from productive business.”
President Calvin Coolidge agreed, saying “the wise and correct course to follow in taxation and all other economic legislation is not to destroy those who have already secured success but to create conditions under which every one will have a better chance to be successful.”