Everything we do affects us all

December 1, 2013

Obama Health Care Wins-AGAIN!

SOTU SOTU SOTU!

The site is up and people are finding out the facts about how good it is AND how bad it isn't!

Example-Low income earners pay no penalty, but get subsidies.
Posted by Philosopher Chip at 6:09 PM

7 comments:

  1. AnonymousDecember 2, 2013 at 7:45 AM

    Why that's fantastic!!! Who pays for the subsidies?

    ReplyDelete
    Replies
    1. Philosopher ChipDecember 2, 2013 at 9:49 AM

      TAX PAYERS same as it ever was...Well, we could reinvent the wheel while we're at it.
      Long before there was any federal income tax or payroll tax there was a thing called TARIFFS .
      These tariffs were paid 100% by the richest and most wealthy early Americans, and if not glad to do it, THEY DID IT.
      And they built this country. Roads, Ports, Armies, Buildings, Our Capitol. God bless'em.
      http://PatrioticEconomics.blogspot.com/

      Delete
    2. AnonymousDecember 2, 2013 at 10:25 AM

      Taxpayers. Hmmmmmm ... you mean the middle class don't you? The same individuals and small businesses who have and will be forced off their old plans to buy much more expensive insurance?

      It was cheaper the way it was. Now the middle class is forking over billions more.

      We can't build roads, ports and buildings anymore because all tax money goes to social programs. I mean we can, we just have to borrow it and print money. I assume you think that's a really smart thing to do.

      Look buddy, the "rich" ... those making $200,000 or more already pay 40% federal in addition to state, local, property and whatever other taxes there are out there. You want more.

      Why don't we tax your greedy ass at 75%? If you're so hot to take what people have earned I think you should pay what they do.

      Stupid, greedy socialist. Use your damn head.

      Delete
    3. AnonymousDecember 2, 2013 at 1:26 PM

      Tariffs?

      A tariff is a tax on an export or import. That means the cost is included when bought by the consumer so it isn't really the richest and wealthiest that pay it. It's added onto the price of the good or product.

      Delete
    4. Philosopher ChipDecember 2, 2013 at 2:03 PM

      No- Business people pay the tariff and then charge what the market will bear, but tariffs are a tax strictly on wealthy individuals, businesses and corporations...

      Corporations Don't Pay Taxes (they pass them on) Debunked:
      This particular truthy-ism of conservatism really galls me. It's as if they are saying, 'Corporations are more powerful than our democratic system of government, they are above us and can't be touched and can do whatever they want.' This line of trash shows that modern conservatives virtually worship corporations and the super-rich.
      Do they not know the philosophical underpinnings of Free Market Capitalism? If an individual thinks that they might be able to demand a higher salary from their employer, they do. And they can consider taking their service to another employer if they don't get what they want, if they can. Likewise a business or corporation will charge as much as the market will bear for their goods or services. The flip-side of this formula is that any individual or business or corporation might make more money by underpricing their competition and therefore getting more and better job offers or customers. A corporation who is taxed more, can try to recoup that loss and raise prices on their customers, but if their competitor chooses to accept a smaller profit margin and thereby gains a higher volume of the market. then they can actually make more money by charging less than the competition.
      Here is the perfect test-tube example of what I'm talking about...Last year after the Dodd-Frank bill was set to limit the predatory fees banks charged at ATMs this was briefly the news of the day...
      The changes come at a time of big upheaval in the banking industry. The Dodd-Frank Wall Street Reform and Consumer Protection Act, passed by Congress last year, imposes new compliance requirements that could be costly for banks. It included the Durbin amendment, which would limit banks’ income from debit card fees.

      Source: Credit.com (http://s.tt/15DKH)

      Banks Jack Up ATM Fees, Blame Regulations
      The changes come at a time of big upheaval in the banking industry. The Dodd-Frank Wall Street Reform and Consumer Protection Act, passed by Congress last year, imposes new compliance requirements that could be costly for banks. It included the Durbin amendment, which would limit banks’ income from debit card fees.

      Source: Credit.com (http://s.tt/15DKH)
      http://www.credit.com/blog/2011/03/banks-jack-up-atm-fees-blame-regulations/

      This story explained how the big banks were going to show the government that they were untouchable. The only thing is, it turned out to be wrong, because this is what actually happened...

      Bank of America dumps debit card fees
      http://sundial.csun.edu/2011/11/bank-of-america-dumps-debit-card-fees/

      Bank of America has abandoned a monthly $5 debit card fee, which was scheduled to begin in early 2012.The announcement came after competitors, namely Wells Fargo and JPMorgan Chase, announced they were no longer going to exact similar fees.The bank cited customer feedback and a changing competitive marketplace as the reason for the bank’s “change of heart,” according to a Nov. 1 statement.“We have listened to our customers very closely over the last few weeks and recognize their concern with our proposed debit usage fee,” David Darnell, co-chief operating officer, said in the statement. “Our customers’ voices are most important to us. As a result, we are not currently charging the fee and will not be moving forward with any additional plans to do so.”
      It's called Free Market Capitalism in a Democratic Republic...BABY!
      http://PatrioticEconomics.blogspot.com/

      Delete
  2. AnonymousDecember 2, 2013 at 2:18 PM

    They charge what the market will bear? Of course they do and the market usually bears all of it. I don't know where you get your economic info but it's fairly simple. If the tax and regulatory burden on business is too much the business will either cut costs, reduce employees, raise prices or go out of business. There is no magic pot of money business can dip into to pay more and more.

    These burdens are especially hard on small businesses.

    By the way, your first link is nonsense. Unless corporations pay different tax rates they all have to deal with the same problems. They will all price their goods or products to cover operating expenses, overhead, profit and taxes. Obviously they will price their product to make them as desirable as possible but there are limits. Large companies have the capital to underbid smaller businesses which cannot engage in price wars. The only thing it debunked was whoever wrote it.

    I will also guarantee you Bank of America found other ways to get that $5.00.

    It's fascinating how you really believe other peoples money should belong to you. Where did you get that idea? Marx?

    ReplyDelete
  3. Former Conservative, Now LiberalDecember 12, 2013 at 5:28 PM

    Marco Rubio, Rand Paul, and Paul Ryan have signed up for Obamacare.
    http://www.huffingtonpost.com/2013/12/11/marco-rubio-obamacare_n_4425732.html

    ReplyDelete

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