The debate over Romney's 47 percent comment
In addition, Romney's comments sound like a lot of academic economics papers on this regulation and generally how government operates. See for example, Sam Peltzman's 1976 paper in the Journal of Law and Economics or Gary Becker's comment. From Politico:
Mitt Romney told donors Wednesday he blamed last week’s loss to President Barack Obama in part to “gifts” the Obama administration gave to key voter blocs, including African Americans, Hispanics and young women, according to media reports.
“The president’s campaign focused on giving targeted groups a big gift — so he made a big effort on small things. Those small things, by the way, add up to trillions of dollars,” Romney said on a conference call with donors, the Los Angeles Times first reported.
The “gifts,” according to Romney, included forgiving college loan interest, free contraceptive coverage and the part of Obamacare that allows people 26 and younger to be covered under their parents’ health care plans.
“You can imagine for somebody making $25,000 or $30,000 or $35,000 a year, being told you’re now going to get free healthcare, particularly if you don’t have it, getting free healthcare worth, what, $10,000 per family, in perpetuity. I mean, this is huge,” Romney said, the New York Times reported. . . .
Labels: book4, wealthtransfers
1 Comments:
He's wrong because he's not far enough left for them - "Haters gonna hate."
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