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Posts Tagged ‘mandate’

McDonald's

On June 28, 2011, Mises Institute VP Jeffrey Tucker extolled McDonald’s success in the challenging economic times since 2008 in his article, McDonald’s as the Paradigm of Progress.

He points out that McDonald’s appears to be responsible for more than half the new jobs being created in the U.S. recently, while managing to pay more than 30% of its income in annual taxes. However, he does recognize some libertarian criticisms of McDonald’s.

It’s true that McDonald’s is not entirely sustained by the market alone, and even overly scrupulous libertarians have jumped on the attack. It’s true that it has been reported that some of its business loans were backed by TARP money after the crisis of 2008, and, of course, it benefits indirectly from subsidies on corn and the like.

I do appreciate his indirect compliment of being an “overly scrupulous libertarian,” though I don’t think it’s being overly scrupulous to point out McDonald’s feeding at the public trough, including in a big way that Tucker doesn’t even mention — namely, their government-granted Obamacare private health insurance exemption.

While your average mom-and-pop restaurant has to pay the unconstitutional tax, McDonald’s doesn’t, since they have full-time Washington lobbyists.

Despite my view that the private health insurance mandate is unconstitutional, according to an originalist interpretation of the commerce clause, and even according to a post-Roosevelt interpretation of the commerce clause, I don’t think that an exemption for a big multinational is to be overlooked or justified at the expense of the unfair advantage it grants over smaller businesses.

For my critical analysis of the Mises Institute, see how they hate monetary inflation so much, they owned $4 million in U.S. Treasury Bonds in 2007, and how they hate government so much, they’re a government-sanctioned and regulated tax-exempt organization.

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