Wednesday, November 18, 2009

Liberal Thinking

Another oxymoron. Liberals don't think, they feel.

The current liberal thinking on how to pay for national health care is incredibly stupid. We must first understand their logic is only intended to sound good and make other liberals feel good. The current version of nationalized health care is supposed to be paid for by cutting medicare and increasing taxes on the ultra wealthy. Simple stupidity at it's finest.

It's only a sound byte meant to make the shallow thinkers smile. Why? First, our Congress always suggests, but never actually cut medicare. To do so would be political suicide. The current health care funding requires a future Congress to cut medicare by $500b! To believe a future congress will have the stones this one obviously does not is ludicrous on it's face. Ultimately they will just add the $500b to our children's debt.

The rest of the money they need to make nationalized health care appear budget neutral is to raise taxes on the rich (earners of over $500k annually). This aspect of the bill is pure class envy/warfare intended to make a socialist feel good - stick it to the rich. This funding mechanism never works either.

The wealthy are smart folks - that is how they got wealthy. Smart people find ways to protect their wealth - that is how they stay wealthy. When government raises taxes on the wealthy, the wealthy respond by protecting their wealth. That protection results in less capital for businesses to invest and grow. Less capital means fewer jobs are created and middle class incomes become stagnate. The weathy don't suffer, the lower and middle classes do.

At >$500k income per year, the wealthy people targeted by this nationalized health care bill are largely corporate executives and business owners. Corporate executives and business owners have an ace in the hole for times like these. If they cannot find a way to protect their wealth and businesses, they pass the increased taxes on to their customers or freeze the wages of their employees (the poorer people).

As much as they try, liberals cannot pay for health care with medicare cuts and new taxes. Instead, they will pay for it by increasing our children's debt and inflating the cost of goods and services that we all consume (a hidden tax increase).

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