OK, so it's late, and this hopefully will be a short note. I took several months off (OK, almost a year) when my sons came to live with me, and in that interval, I've done a fair amount of reading, predominantly conservative in nature. In the interval, Obamacare has passed. Hurrah. I can look forward to my taxes climbing, my income diving, as bureaucrats skim their cut off my check, and a skyrocketing deficit that my great, great, great grandkids will be buried under.
So, here's a few opines I'll venture.
I listened to Obama in a speech tell me that the insurance companies will now have their rates capped by the government, will be unable to adjust prices according to pre-existing conditions, and will not be able to cap lifetime expenses. While it sounds good, let's consider. What business will survive if it can not adjust cost/prices to meet expenses, and simultaneously is prohibited from any loss limiting measures? Answer: Only the federal government. I sent an email to my state senators about health care. One was too important to even send me a canned reply. The other sent me an answer about a week ago, that said, "thanks for your concern, here's how great the new plan is." It was a canned copy of the email I got from his office the day the obamination passed.
How about higher taxes on the very wealthy? Check this link: http://www.heritage.org/budgetchartbook/. This is a series of graphics on the out of control federal budget. This interactive graph: (http://www.heritage.org/budgetchartbook/top10-percent-income-earners shows who, based on relative income, pays the federal budget. You'll note that the top 1% of earners account for 40% of the tax revenues. But note something else that really caught my attention: To be in the top 1% of wage earners, you need an annual salary of just $410K. As we move down the scale, we see the top 5% (annual income $160K) accounting for 60% of revenues, the top 10% (annual income $113K) making up 70%, and the top 25% (annual income $66K) covering 86% of the federal revenue. Wow. I guess we are taxing the rich. I just never realized how little I had to earn to be wealthy. Does this mean I can get a ferrari now?
Recently, I've seen more examples of government stupidity in medicine that I can shake a Joint commission Gestapo agent at. I'll detail more of these in the next few installments, but for now, I'll leave you with a simple request:
Please tell me anything, anything at all, that the federal government can do in the domestic field, that the private sector does not do better, faster, cheaper. You can't. It is not possible.
Good night.
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The federal gov't is much better at fillibustering, raising debts, and messing with the public than the private sector. What do I win? LOL
ReplyDeleteThe federal government is much better at spending my money than any corporation has ever been.
ReplyDeleteWelcome back. Was just about to ping you on a "Still Here" from almost a year ago.