Remove Limits on New Doctors

Insurance companies are often used as the punching bag for healthcare costs. In reality, insurance companies are just a payment method for the true cost – enormously expensive doctors. Insurance companies are portrayed as having crazy profits, but in reality the insurance company Cigna has a profit margin of 6%.

The American Medical Association realized a century ago that medical care demand is inelastic… Basically if you need medical care, you will pay any price to get it.… read more “Remove Limits on New Doctors”

Rent Control Is Severely Misguided

I own no rental properties and have long been a tenant myself.

The main driver of high rents is simple supply and demand. If you have lots of people who need to rent apartments, and only a few apartments then prices will rise.

The solution to high rents is to build lots more apartments… Then landlords have to compete on price and the average rents will come way down.… read more “Rent Control Is Severely Misguided”

Taxes Are The Problem, Not Capitalism

Taxing income prevents creative entrepreneurs from rapidly stockpiling enough wealth to change the world.

If we taxed wealth instead of income, people who inherited or no longer contributed to building new things would see their stockpiles rapidly eaten away. This would prevent rich kids from staying rich unless they actually built new and better things for society.… read more “Taxes Are The Problem, Not Capitalism”

Tax And Voting Records Should be Public

To avoid the voting fraud where millions of fake or dead voters vote, all voting records should be public.

Sunlight is the best disinfectant.

To avoid tax fraud where people earning hundreds of millions of dollars pay zero taxes, all tax records should be public.

Sunlight is the best disinfectant.

This will allow our smart people to improve our system, rather than force them to try to game it.