House Healthcare Tax On Rich Equals Bad Consequences On House Democrats

Discussion in 'Congress' started by JimofPennsylvan, Jul 12, 2009.

  1. JimofPennsylvan
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    JimofPennsylvan VIP Member

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    House Democrats are all wrong with their half trillion dollar tax on the rich to pay for healthcare reform legislation. Their plan to have a one, two and three percent surcharge on the income of wealthy Americans depending on those Americans’ income level which in later years will rise to a two, three and five percent surcharge tax is completely wrong. It is unfair to wealthy Americans because with the repeal of the Bush tax cuts on these Americans they will be paying maximum tax rates from a fairness standpoint. What the country is seeing here is the Democrats taking the short-term politically easy way out here, they know the rich in America only number a minority number of voters so come election time they won’t lose that many votes with this move. The House Democrats are foolish here because Rich Americans can afford to make political contributions and they can decide to abandon the liberals behind this move and support moderate and conservative candidates and give Democrat liberals a real wooping in future elections. Moreover, most new job creation in America comes from small businesses, and this healthcare surcharge tax on the wealthy will fall on small business, in part, so Democrats with their tax move here will be undermining job creation which is a mega-dumb idea with the unemployment rate projected to top ten percent by years end.

    The perplexing thing about the House Democrats move here is that advocates for Healthcare Reform have put forth fair tax related increase ideas for wealthy Americans. The initiative to limit health care insurance premium exclusions from taxable income for the wealthy to amounts that ordinary Americans that have high deductable health insurance plans receive is fair because as it turns out now these wealthy Americans are receiving a tax benefit greater than these ordinary Americans with high deductable insurance are receiving and there is no justification for it in light of the fact that the government needs to raise money to pay for critically needed health care reform. Secondly, in light of the crisis America is presently in with its health care system at the brink of large numbers of employers dumping employer sponsored health care insurance and catastrophic numbers of Americans not having health care insurance resulting, Congress needs to look at its itemized deductions regulations on the wealthy to see if there is a fair way to raise money to help pay for this health care insurance crisis. It is completely fair (and this fairness does not lose its compelling nature by all the hype and exaggeration related to charities and high-priced home sales) to tweak the itemized deduction tax benefit for the top tax brackets to equate it to a slightly lower tax bracket like what has been proposed in Congress because these wealthy Americans would still be getting a tax benefit equal to what middle class Americans get.

    If Congress and the President get desperate on how to pay for this desperately needed health care reform legislation turn to what the U.S. government has turned to in the past, specifically a tax on luxury goods. Enact a luxury tax of like three to four percent on cars over $60,000.00, boats, airplanes, high-priced jewelry, etc.. It is fair for Congress to take this path because these are luxury items, they are not necessities if a person doesn’t want to pay the tax they don’t buy the luxury item. If the person wants to buy a luxury item they can help the country pay for a critical need for the American people, health care insurance. Plus it is only a three to four percent tax, for consumers spending the amount of money involved in purchasing luxury goods, three to four percent will not be a big deal; as a practical matter this tax won’t be the cause of a lot of lost sales for luxury product sellers.
     
  2. Old Rocks
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    Old Rocks Diamond Member

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    The wealthy Americans gave us this economic debacle. 1/10 of 1% of them make as much money as the bottom 40% of the rest of us. Yes, it is fair for them to pay much more.
     
  3. Skull Pilot
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    Skull Pilot Platinum Member

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    The bottom 40% pay no taxes and have no right to complain that others do not pay enough.
     
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  4. asaratis
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    asaratis Uppity Senior Citizen Gold Supporting Member Supporting Member

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    Wealth envy is prevalent amongst the "poor". Over-taxing the rich and those in between that provide jobs does nothing good for the "poor".
     
    Last edited: Jul 12, 2009
  5. Old Rocks
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    Old Rocks Diamond Member

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    Really? Social Security and Medicare are taken out of all earnings.
     
  6. Old Rocks
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    Old Rocks Diamond Member

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    Really? Where the hell are those jobs today? The rich are still rich, and the rest of us are looking at some hard times. Bankruptcies are way up, expecially for those with medical problems. In England, Japan, Switzerland, Germany, France, ect., familys by the hundreds of thousands are not losing all they own because they happened to get sick. Or get layed off because a bunch of the people that have all the money did some really stupid things.

    And why do we have "working poor" in any case? If a job is neccessary it should pay enough that someone can live a reasonable life on the pay.
     
  7. wimpy77
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    wimpy77 Member

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    i watched the sunday both sides basically said more than likely no health care bill this year.
     
  8. Metternich
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    Metternich Federalist Farmer

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    And they pay more taxes then the bottom, depending on estimates, 40%-50% of Americans. So yes, I would say they are paying their fair share.
     
  9. Soaring
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    Soaring Active Member

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    It is socialist idiots like you who make it difficult to maintain a capitalist society that the American dream was built on. Who in hell are you to demand someone else pay for your life, your health insurance, your food, your housing, your transportation, etc? Make your own living lazy ass.
     
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  10. editec
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    editec Mr. Forgot-it-All

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    We're never going to find enough money to continue paying the HC establishment at rates of inflation double or triple the inflation rates on everything else, folks.

    We cannot find the solution to the HC crises by taxing the rich, or taxing the smokers, or taxing freakin' Fritos, either.

    The problems we are facing are based on fundamentals which we have very little control over...an aging population and modern medicine's ability to keep people alive just on more day but at very VERY high costs.

    The market solution to this is to let people die who cannot afford HC. Nobody acknowledges that that's what's happening, but that IS what's happening, right now, anyway.

    The semi-socialist solution to this is ALSO to let people die who cannot afford HC, too, only the HC planners don't fully understand that yet, or at least they're not willing to admit it.

    We should be increasing our investment in creating healthier lifestyles and preventative medicine for the people, and stop spending heroic amounts of money keeping those who are dying anyway alive just because we can (as long as we spend 50% of every HC dollar spend on those last years of life, I mean).

    Speaking as someone who WILL BE facing that last year of life sooner than most Americans, I know that my suggestion doesn't serve me very well, but society cannot pretend that death is merely one medical OPTION, anymore.

    I know we all want the best possible medicine that exists, but honestly folks, society cannot afford to provide that to everyone.

    Wishing we could do that won't make it so.

    The root cause of the problem is that there is practically NO LIMIT to the demand for more, (and more expensive) HC.
     
    Last edited: Jul 13, 2009

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