The Hidden Cost of Progressivism, Part II

Published on April 8, 2024

Commentary Continued from Part I Latina nannies are America’s smartest people. Under the radar, they pay no income tax and no Social Security tax; plus, they support each other in old age. By retirement, someone in the family will own a home, probably without a loan. A perfect market response to government interference in the economy. Intuitively, those nannies understand the cost of progressivism. In Part I of this article, I give examples of the hidden yearly cost to every U.S. taxpayer: Medicare, $9,600; Social Security, $2,500; the national debt, $6,000; plus the per-parent cost to send just one child to private school, $10,000. Total: $28,100....

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