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It may also be erroneous to assume that funding healthcare with an 8% tax on business will necessarily increase unemployment. Sure, it will increase the cost of what the taxed businesses sell, which will decrease demand, which will result in some layoffs. However, these layoffs may be more than offset by increased employment in the realtively labor-intensive healthcare sector, when millions of new patients can suddenly afford medical treatment that previously they had to do without.
The net result will likely be more a shift of employment, from retail/industrial to healthcare, rather than a reduction in employment.
What is more important, the health of our countrymen, or producing more cars, shoes, slurpies and monster trucks?
