POLITICAL: You WILL have health insurance, even if you don’t want to pay for it!

Sunday, June 7, 2009

http://www.bloomberg.com/apps/news?pid=20601087&sid=aj5HHIKfogR8&refer=worldwide#

Democrats Weigh Health Mandate as Obama Urges Taxing Wealthy
By Laura Litvan and Ryan Donmoyer

*** begin quote ***

June 7 (Bloomberg) — President Barack Obama wants Congress to consider taxing the wealthy instead of workers to pay for a health-care overhaul, as House Democrats discuss a plan to require health insurance for most Americans.

*** and ***

The effort to overhaul health-care would affect a sector that makes up 17 percent of the U.S. economy. The goal of Democratic supporters is to provide insurance to most of the nation’s 46 million uninsured, and lower the soaring cost of care. A key challenge is the potential impact of legislation on an already rising U.S. budget deficit that may reach $1.8 trillion this year.

*** end quote ***

Stupidity!

We have Medicare for the old; Medicaid for the poor.

We have young people who don’t want insurance.

We have congresscritters who know what’s good for us.

But, we can’t afford them any more!

# # # # #


POLITICAL: Class Warfare doesn’t work

Sunday, June 7, 2009

http://online.wsj.com/article/SB124329282377252471.html

* REVIEW & OUTLOOK
* MAY 27, 2009

Millionaires Go Missing
Maryland’s fleeced taxpayers fight back.

*** begin quote ***

Maryland couldn’t balance its budget last year, so the state tried to close the shortfall by fleecing the wealthy. Politicians in Annapolis created a millionaire tax bracket, raising the top marginal income-tax rate to 6.25%. And because cities such as Baltimore and Bethesda also impose income taxes, the state-local tax rate can go as high as 9.45%. Governor Martin O’Malley, a dedicated class warrior, declared that these richest 0.3% of filers were “willing and able to pay their fair share.” The Baltimore Sun predicted the rich would “grin and bear it.”

One year later, nobody’s grinning. One-third of the millionaires have disappeared from Maryland tax rolls. In 2008 roughly 3,000 million-dollar income tax returns were filed by the end of April. This year there were 2,000, which the state comptroller’s office concedes is a “substantial decline.” On those missing returns, the government collects 6.25% of nothing. Instead of the state coffers gaining the extra $106 million the politicians predicted, millionaires paid $100 million less in taxes than they did last year — even at higher rates.

*** end quote ***

Does anyone really think these “liberal” politicians, bureaucrats, and media cheerleaders have any clue about human behavior?

Maybe they should get CSI to look into where all the rich folk went!

Idiots.

Read the Austrian School of Economics and you will find “Human Action”. Humans act. Maybe not ALWAYS rationally, but the do eventually. Unlike the frog in the mythical pot to be boiled, rich people have the most ability and incentive to move.

The loss is worse than the unnamed author makes it out to be!

And, who’s more likely to have a business, hire a staff, and have a big property tax bill? Sure not the low and middle class.

And, by turning up the fire, the gooferment may have induced those 1,000 rich folk to jump before the real estate market collapsed. I can here the conversation at the new (Pick one: Yacht, Tennis, or Country) Club now. “Yes, Muffie, I miss Maryland too. But not 16 grazillion dollars worth. Now here’s a new Mercedes SUV that I bought to console you.”

OK, corny, sure, but you get the idea. Ten per cent of a million is 100k a year. That’s the minimum bite. That is a powerful incentive to move.

Makes you wonder why there are 2,000 left. Cal Ripken is probably one. Who else?

So who gets to make up the missing 200k$ that the politicians planned for? You don’t expect them to cut anything, do you?

# # # # #


MONEY: THe FED’s inflation in our future

Sunday, June 7, 2009

http://lewrockwell.com/north/north715.html

False Flag Infiltrators: Gold-Hating Fiat Money Inflationists Inside the Libertarian-Conservative Movement
by Gary North

*** begin quote ***

A web page by Ellen Brown is making the rounds. It is here. http://www.webofdebt.com/articles/hyperinflation.php

Ellen Brown is a lawyer. She is anti-Federal Reserve. So, she gets a hearing in conservative circles. This is unfortunate. There is nothing conservative about her. She is an apologist for statism and the United States Treasury (a wholly owned subsidiary of Goldman Sachs).

Her article is about the hyperinflation of Germany, 1921–23. She has no understanding of what happened or why, but she talks as if she does.

*** end quote ***

Interesting economic discussion about inflation. I remember hearing the same in Carter’s inflation. And, I’m sure we will hear it again in Obama’s. Evil speculators drive down the value of the dollar. Dont be fooled. It’s the FED; it’s always the central bank’s printing press of money; it’s the FED!

Argh!

Those that don’t learn from history are condemned … …

# # # # #


%d bloggers like this: