Sunday, May 7, 2017
Good article detailing this phenomenon. While some Americans hate social programs because they're 'socialist,' the facts are that affluent workers with employer health insurance benefit from socialist government programs designed specifically for them. Employer health insurance programs can cost $20,000 per year, with the employee paying only $4,000. The rest is subsidized by taxpayers. Companies can deduct that cost and employees don't have to claim that benefit as income, costing taxpayers $400 billion per year. White socialism also applies to other areas: "Taxpayers fund our retirement saving, health insurance, primary, secondary, and advanced education, daycare, commuter costs, and even our mortgages at a staggering public cost." Just a reminder that we have socialism all right, but only for the well off.