Tuesday - 17Apr2018 Filed in:
NeoNotes&Politics&Law❝❝Okay, let's talk about the ACA, a law so "good" that nobody was allowed to read it before Congress passed it. A law so well written that it had to be illegally modified by executive order again and again just to work. A law that was supposed to pay for itself, but was so dependent on government subsidies that states had to withdraw just so their citizens could have health insurance. A law deliberately designed to reduce the number of health insurance companies and choices available to consumers. That last bit and raising prices is the only thing that the ACA has accomplished.
The only reason government is involved in healthcare to begin with is because government enforced salary caps and companies had to offer something more to recruit and keep employees. Every part of healthcare that government has been involved with, costs have outpaced inflation, availability never meets demand, and innovation has been stifled.
If this is Obama's legacy, it has resulted in less medical care at a higher price and almost impossible to use. But it looks good.❞❞
NeoNotes are the selected comments that I made on other boards, in email, or in response to articles where I could not respond directly.
Tags: Obamacare ∙ ACA ∙ Congress ∙ executive order ∙ states ∙ health insurance ∙ heathcare ∙ inflation ∙ Barack Obama ∙ legacy ∙ subsidies ∙ looks good
Friday - 10Nov2017 Filed in:
NeoNotes&Law&Liberty&Free Markets❝❝OK, taxes. According the the OMB, the top 20% of taxpayers pay 95% of income taxes. In 2015, the WSJ reported that the top 20% paid 84% of income taxes. In 2015, the top .1% (yes, that's one-tenth of one percent) of families paid 39.2% of income taxes. In 2015, all but the top 20% of taxpayers paid more in payroll taxes than they owed in Federal income tax, effectively giving the Federal government an interest free loan. Meanwhile, the bottom 20% of taxpayers have the Earned Income Tax Credit, a negative income tax. The government pays them. The thing is, smart rich people don't stuff their money in mattresses. They put it to work. If their money doesn't earn more than the rate of inflation, they've lost money. So they look for ways to maximize returns. Stocks, bonds, and mutual funds are the most common methods. This pumps money back into the economy. Lower prices, more companies hiring, and better distribution of goods and services are direct results. In other words, cutting taxes at any level gives people more choices and more economic power. It's not cutting taxes for the rich, it's cutting taxes. If you like, I can show how a progressive tax system locks people into income tiers and suppresses the natural movement up in income.❞❞
NeoNotes are the selected comments that I made on other boards, in email, or in response to articles where I could not respond directly.
Tags: OMB ∙ Wall Street Journal ∙ income tax ∙ Federal government ∙ inflation ∙ competition ∙ progressive tax systems
Thursday - 03Aug2017 Filed in:
Headlines