John Ransom

In the end the Supreme Court of the United States didn’t untie the Gordian Knot, but as Alexander had done, they cut it instead.

And by doing so they demonstrated what we have known all along: The only new ideas Democrats-and D.C. bureaucrats- have are the old ideas of finding new ways to tax Americans and creating new bureaucracies to spend that money.

I won’t read the Obamacare opinion. I’ll leave that to legal scholars.

But I know this.

A tax is a tax is a tax.

Obamcare, when shorn of its Euro-Metro sophistication, is a tax.

A really big, fat, ugly tax, with a really big, fat, ugly bureaucracy attached to it.

Thus the Democrats- and D.C. bureaucrats- have created a system that promises to raise taxes on everyone. And still not make healthcare affordable for all.

Why did they do this? Not to “save” healthcare; nor yet to “reform” it.  

As I have said before, no one in D.C. gets paid to solve problems. That would give lobbyists nothing to do. 

Instead, we have just created another pot of money that can be used for cronies, anti-capitalists and special interests to keep D.C. as the one major metropolitan area where home prices are steady.

Washington median sales prices

Of course D.C. thinks things are great. For people in Washington the money machine is still open for business. You just have to have the right pin number.

Compare the two charts.

The one on top is the median sales price of all properties in the Washington, D.C. area since Jan 2000- which starts at $130,000. The real estate market peaked in 2007 at $460,000, yet home prices have remained remarkably steady, despite “the worst recession” since the start of time. The current median sales price for all homes in D.C. according to Trulia is $410,000. That’s about a 10 percent average annual return. 


John Ransom

John Ransom is the Finance Editor for Townhall Finance.