When team Obama decided to avoid any serious attempts at controlling medical costs, there was only one way this legislation could pass, and that was to increase revenue.
Typical of the Liberal movement, the policies targeted the top 5% of earners, who already pay better than 60% of all federal revenues. Problem is, you can tax 'em at 100% (I know the Dems would love this) and still not cover the gaping deficit holes that are represented by Social Security, Medicare, and now Obamacare.
The larger issue is that an increasingly large percentage of the company pays little or no income taxes at all - in fact, a good percentage receive revenues from the government in the form of "earned income tax credits". It's extremely easy for this constituency to continue to ask for more and more when the price is borne on the backs of productive citizens.
This is the ultimate failure of Obama-care. It does nothing to force the consumers of healthcare to limit their consumption. Other than premiums (which most still do not pay), they have no idea how much it costs for any given procedure, and thus no reason to shop for better prices - why should they - somebody else is paying the bill. The sad thing is that increasingly, the "somebody else" is the American taxpayer.
Thursday, March 25, 2010
It was always Class Warfare - Duh!!!
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