Wednesday, July 15, 2009

Healthcare Reform ... Soak the Rich!!

Although many don't care, the healthcare reform poses tremendous concern for the cause of liberty and 'freedom' in this country. "Big brother" is not only watching you, he is going to determine what kind of care you can receive, when you can receive it, and by whom you receive it from.

It is well documented what the costs are looking to be, $1 trillion + or ($1,000,000,000+), which begs the question, "where is the money going to come from?"

Even though our country is a Democratic Republic, many will refer to us merely as a democracy. In any democracy the majority (read: mob) rules. Since the majority of American's income falls in under $100,000, the tax proposal being floated--to stay true to President Hopenchange's campaign promises--will attack those earning over $250,000.

The recently constructed healthcare bill contains a gem of class warfare in a so-called 'surtax' on those earning $350,000 or over. The specifics are:
  • >$350k but <$500k = 1% surtax
  • >$500k but <$1M = 1.5% surtax
  • >$1M = 5.4% surtax
After 2012 the first 2 surtax rates are scheduled to double to 2% and 3%, respectively.

Provisions also included are additional taxes on employers and those who do not have an "acceptable" health benefit plan. And who, prey tell, determines what is acceptable? I'm sure it will be a new appointment--a healthcare Czar, if there's not one already.

I leave you today with a quote from Justice Felix Frankfurter on government: "The loss of Liberty rarely comes overnight. It usually comes because of well intended people and the unintended consequences of their use and abuse, of the government to interfere in our lives."

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