Freeman

ARTICLE

Subsidized Doctoring or--Progress of The Welfare State

AUGUST 01, 1960 by H.P.B. JENKINS

Economist at Fayetteville Arkansas

It was a chilly afternoon

At story-telling time.

Old Kaspar chewed a dead cigar

and thinned his rum-and-lime,

While Peterkin and Wilhelmine

Turned on the futurama screen.

 

They watched while pairs of burly men

Within a factory yard

Would lift each worker by the heels

And shake him long and hard,

While others sifted through the trash

Collecting all the fallen cash.

 

"Now tell us what it’s all about!"

The little children cried.

"It is another payroll tax,"

Old Kaspar soon replied.

"The cash will pay the doctor bills

Of older folks with chronic ills."

 

"The Welfare State," said Kaspar then,

"Devours private wealth.

Whatever tax collectors miss

Inflation takes by stealth.

That’s why we old retired folks

Have many ills, but empty pokes."

 

"Who paid the old folks’ doctor bills

Before the Planners came?"

"They paid their own,"

Old Kaspar sighed,

"But times were not the same.

A prudent man could always save

Enough to last him to his grave."

 

ASSOCIATED ISSUE

August 1960

comments powered by Disqus

EMAIL UPDATES

* indicates required

CURRENT ISSUE

December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
Download Free PDF

PAST ISSUES

SUBSCRIBE

RENEW YOUR SUBSCRIPTION

Essential Works from FEE

Economics in One Lesson (full text)

By HENRY HAZLITT

The full text of Hazlitt's famed primer on economic principles: read this first!


By FREDERIC BASTIAT

Frederic Bastiat's timeless defense of liberty for all. Once read and understood, nothing ever looks the same.


By F. A. HAYEK

There can be little doubt that man owes some of his greatest suc­cesses in the past to the fact that he has not been able to control so­cial life.


By JEFFREY A. TUCKER

Leonard Read took the lessons of entrepreneurship with him when he started his ideological venture.


By LEONARD E. READ

No one knows how to make a pencil: Leonard Read's classic (Audio, HTML, and PDF)