An Overlooked Consequence of a Higher Minimum Wage

     The targeting of McDonald's and other fast food restaurants by socialists and unions to try to force a higher minimum wage is a disaster, economically.  If successful, not only will many jobs be lost, but the moral liberty to contract to sell one's labor to a business for a freely agreed to price will be further subverted.

It seems that a low-end worker, who supports state force against employers to artificially increase the wage from a job that manages to be maintained, thinks that one is increasing one's capital income.  However, the fact that most of the products that that individual in poverty purchases are made primarily with minimum wage labor means that the coercive economic environment will not increase purchasing power.  Instead, it will simply impoverish everyone more.

Paul Wharton
Objectivist Capitalist Medicine Promoter

Special thanks to Eli Lilly & Co. (LLY) for being the fuel of my mind

Medical Insurance as Military Pay

     War is an environment in which the resources available to a government are allocated in a way that is most efficient to achieve victory.  This brings up the question of soldier pay.  During the crisis of an ongoing military battle, all reasonable effort should be exercised to rescue the wounded and apply necessary medicine.  However, once a wounded soldier is stabilized back home, or on a base, the question arises as to how much the conflicted country should pay out for the veteran's future medical maintenance.

Should a country set a number, such as a billion dollars of health insurance, per individual?  This obviously would soon sink the war effort.  I don't know what a reasonable number would be; however, I have thought of a philosophical system to guide the issue:

What if there was a sliding scale in an army that varied from paying military privates a basic medical insurance at the low end, and generals the most expensive policy at the high one?  This health insurance reward adds a greater incentive for soldiers to want to rise in rank.  Another way that the insurance values could get a boost is from winning medals and other military decorations.  A soldier with no battle experience would not have this, while a Medal of Honor recipient could conceivably have a multi-million dollar medical insurance plan.

One final note:  As a civilian recipient of a lot of unwanted health care, I must insist that every soldier who does not want the products and services of military medicine have that option.  So many veterans have fought and fallen into unfortunate states that it would be an outrage to deny them a way out of tortured conditions if that is what they want.

Paul Wharton
Objectivist Capitalist Medicine Promoter

Special thanks to Eli Lilly & Co. (LLY) for being the fuel of my mind

Why I Don't Want Health Insurance

     When it comes to the option of having health insurance, I am inclined to take my chances, by going my own way, uncovered.

Health insurance, on average, is not a good deal.  If I were to call up a private insurance company and solicit for a "health care plan", assuming I am honest, chances are that I will never get back as much as I pay into it.  The products they offer must be profitable to those companies, or they will go out of business.

The other legitimate (i.e. private) way many individuals obtain health insurance is from an employer.  However, what too many people don't realize is that if there really is any value behind the "health care plan" that is assigned to an employee, it is subtracted from what that individual would otherwise be paid.  I don't know about you, but personally, I would rather earn the cash.

Finally, my biggest reason why I simply don't want health insurance is that I don't want hospitals being rewarded for acting as prisons towards me.  Though it has been more than 11 years since I was last forced into a mental hospital, I remember all too well how a paid hospital had more of an incentive to not release me, or to keep me there longer, than one that is not profiting from the injustice.

Paul Wharton
Objectivist Capitalist Medicine Promoter

Special thanks to Eli Lilly & Co. (LLY) for being the fuel of my mind

Help Business by Attacking Obama

     As a pro-Capitalism, pro-America blogger, I try to find issues to write on that will help improve the economic and moral environment in which Eli Lilly & Co. (LLY) does business.  Ayn Rand wrote that in the fight for the good, the battle will be Capitalism.

There are many issues and fronts in which to engage in this fight.  However, I have identified one common theme--that being that the enemy is most predominantly the person who is Barack Obama.

Since Obama is so explicitly determined to destroy Capitalism and America to the most that he is able to do, any attack that damages him politically should be invited and appreciated by the good.  Though Lilly Fuel's goal is to promote Eli Lilly (LLY), that is why I try to take political shots at Obama every chance I get.

Paul Wharton
Objectivist Capitalist Medicine Promoter

Special thanks to Eli Lilly & Co. (LLY) for being the fuel of my mind