Universal Wealthcare
Jul 11, 2009 Political
I would say I told you so, but I guess I just did. The House Democrats, who never met anyone they couldn’t onerously tax, have done it again, coming up with a “plan” for “Universal Healthcare” that the wealthy would almost entirely subsidize through what I would call a “pyramid” tax. Of course, these politicians are exempt, as they have their own, gold- plated care system that ensures that everyone can be as old and senile as Sen. Byrd, or function with half a brain like Teddy Kennedy. For the rest of us, not so much.
Beginning in 2011, the plan would target all income over $350,000 a year for families and $280,000 a year for individuals, Democratic sources said. The surtax would start at 1 percent, rise to around 1.5 percent for families earning more than $500,000, then step up again, to around 3 percent, for families earning more than $1 million, Democrats said.
That would raise about $550 billion over the next decade, Democrats said — about half the cost of reforms that are expected to cost about $1 trillion. The surtax percentages could rise two years later, they added, if lawmakers think additional cash is needed to cover the cost of health-care reform.
washingtonpost.com
Oh- that’s right- they have put in language that could increase the taxes even more if they feel they need to siphon off more of your hard- earned money for their own venal purposes, and they will, be very sure of that- Dems spend money like drunken sailors (sorry, don’t mean to slur sailors- its just a metaphor)- but wait- some doctors say that this “healthcare” is not needed nor is it wanted, unless you want to die at the rate patients do in Canada and Britain.
If you need a heart bypass, you may wait more than a year for surgery. One patient in four dies while waiting- this saves money for Britain. One in five British patients with treatable lung cancer waits so long for treatment, that they have become untreatable by the time they see a specialist. This is another way Britain keeps healthcare costs down.
If you are in Canada, and you need an MRI, hope the government agrees. Canada actively restricts the use of magnetic resonance imaging. in fact, and has fewer MRI machines per capita than Hungary, South Korea, or the Czech Republic.
An estimated 60% of Canada’s radiology equipment is outdated, some of it so old that replacement parts are no longer available. Canadians often come to the U.S. to get the testing they cannot get in Canada.
PhysiciansForReform.org
That is a 25% death rate for heart patients, and a 20% rate for lung cancer patients. The United States does better, and we do it with state of the art machines, not rationed care.
The House Dems hope that with this tax upon tax upon tax idea they have, that they can still have their cake and eat it too, with regards to the state of healthcare, but when the government gets into your business it’s never good.
The top federal tax rate currently stands at 35 percent, but Democrats have vowed to raise it to 39.6 percent next year, when cuts enacted during the Bush administration expire. Combined with other federal tax adjustments, the surtax could leave most taxpayers with annual incomes more than $350,000 facing top federal rates of at least 45 percent, said Robert Carroll, a senior fellow at the nonprofit Tax Foundation.
“One has to decide whether the health-care reform package they’re talking about is worth imposing such high tax rates on the most productive members of society,” Carroll said.
washingtonpost.com
That’s right, the most productive members of society– and you need to ask yourself if they want to continue to carry everyone’s water at such an over- taxed rate. I would not- heck, if it was me, I would be looking at brochures of Belize, or perhaps Costa Rica, where our money has some true buying power.
The big problem is that a lot of the earners who actually make $350,000 and more are small businesses- many of them have been in construction, and they do their taxes on a personal 1040- which makes them responsible for everything their company buys and sells, unlike corporate taxes. So these people bear the burden of their company, while they personally do not actually make that same amount of money they have to declare, so they actually are unfairly taxed.
If you gross, as a company, $350,000- well, some of that money goes to wages for your workers, some for equipment repair, or purchase of new equipment, some for insurance, some for gas and other transportation costs. Whatever is left, and that might be 60- 70% of the gross, is the owner’s share- take the onerous taxation into account, and the owners of a small business may only actually make 20- 30% of the gross, and yet his taxes are based on the gross amount. This is not right.
“In the middle of a serious recession, with unemployment nearing double digits nationwide, the last thing we need is a tax increase on small businesses, which will cost the American economy even more jobs,” said Michael Steel, spokesman for House Minority Leader John A. Boehner (Ohio).
washingtonpost.com
The Democratic majority has chosen this way, the way of excessive taxation, simply because it is easy for their limited intellect- they don’t have to try and strain their brains to find a truly equitable way to do this healthcare reform, they just institute more taxes. So easy- so wrong.
This is a blueprint on how to kill initiative and hard work.
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Tags: death, excessive taxation, kennedy, sickness