Walter Williams On Mandatory Health Insurance

Walter Williams, via Lew Rockwell:

“You are a 22-year-old healthy person. Instead of spending $3,000 or $4,000 a year for health insurance, you’d prefer investing that money in equipment to start a landscaping business. Which is the best use of that $3,000 or $4,000 a year — purchasing health insurance or starting up a landscaping business — and who should decide that question: Nancy Pelosi, Harry Reid, George Bush, a czar appointed by Obama or a committee of Washington bureaucrats? How can they possibly know what’s the best use of your earnings, particularly in light of the fact that they have no idea of who you are?

Neither you nor the U.S. Congress has the complete knowledge to know exactly what’s best for you. The difference is that when individuals make their own trade-offs, say between purchasing health insurance or investing in a business, they make wiser decisions because it is they who personally bear the costs and benefits of those decisions. You say, “Hold it, Williams, we’ve got you now! What if that person gets really sick and doesn’t have health insurance. Society suffers the burden of taking care of him.” To the extent that is a problem, it is not a problem of liberty; it’s a problem of congressionally mandated socialism. Let’s look at it.

It is not society that bears the burden; it is some flesh and blood American worker who finds his earnings taken by Congress to finance the health needs of another person.”