Republicans led on cuts to healthcare rather than taxes primarily because the CBO calculated that the government would save $1.1 trillion over the next 10 years following healthcare cuts, which would ultimately allow for additional tax cuts, Forbes said. Forbes also criticized the federal income tax code, calling it a “monstrosity” that not even experts in the Internal Revenue Service truly understand. “I would say bury it, but I don’t know if the EPA would let us bury something so toxic.”The problem with the American healthcare system stems from the lack of real free markets, Forbes said. “But they do it routinely in hospitals.”Nationwide “shopping” for health insurance, equal tax treatment and increased transparency between hospitals and patients are all factors key to improving the healthcare system, Forbes said. “Experts say 80 percent of these deaths could be prevented.”Forbes told students to be “wary” when they enter the world, but said that progress made toward taxes, healthcare and monetary policy will dramatically improve society and the “world will be a better place” as a result.

Source: Daily Sun October 26, 2017 03:45 UTC