Posted on 07/09/2012 6:53:11 AM PDT by Kaslin
Watching the political talk shows this past Sunday was tougher than usual because of all the gloating. Yet, nobody really took time to explain to the audience the plan is a massive tax increase with initial estimates around $1.0 trillion but I'm sure it will move higher. How appropriate that on the eve of celebrating the birth of this great nation we are facing the issue of more taxes again.
Every schoolchild learns about no taxation without representation and many learn about people like Founding Father Patrick Henry, whose opposition to the Stamp Act and "Give me Liberty or Give me Death" speech helped to galvanize the drive for independence. All of this gets into our blood and our subconscious, and some would say it's even in American DNA.
With that in mind, I can understand why Democrats are loath to calling the so-called Affordably Care Act what it really is—a tax!
I had a good time on Cavuto yesterday, at the expense of Nancy Pelosi who seems to have lost it in ways that Charlie Sheen seems to have lost it. She is just plain kooky, a walking train wreck of senseless babble and vitriolic rhetoric. Nonetheless, I took time out to help educate Nancy Pelosi and others on what Chief Justice Roberts meant when he said "it's a tax."
Tax (noun)
1. A charge usually of money imposed by authority on persons or property for public purposes.
-Merriam Webster
The thing is these taxes will only grow and become more onerous, there is no incentive to get off government healthcare much like there are more and more reasons in general to stay snuggled within the nest of entitlements. But, this tax hurts almost everyone directly, through higher taxes, which means fewer jobs and less disposable income. I think another dictionary probably sums up why the party, so proud of tax and spend, is trying so hard to promote the Supreme Court decision without invoking the "T" word.
Tax (verb)
1. to steal
Tax (noun)
1. Giving money you don't have to people you don't know for a program you don't believe in. 2. Legalized theft created by and used by the government, mostly used to pay for a war in Iraq or to give money to lazy people who refuse to work (see welfare).
-Urban Dictionary
Yes, the Urban Dictionary cuts to the chase in a much crasser manner than Webster, but the point is interesting. Fans of this new tax are hypocrites if they think only a few people should be taxed to create yet another entitlement program (not lumping social security and Medicare into this). But that's the end game, hoping so many Americans have forgotten all taxation without representation to buy into the notion of tax anyone but me to make my life cushier.
Adding up Impact
By the way, since the media and administration love counterfactuals (jobs saved, depression averted) how about this one on the impact of healthcare.
There is a 2.3% excise tax on medical instruments. This will surely cut into the amount of money used for research and development. In a fantastic piece, Dr. Benjamin Zycher laid out how this negatively impacts all Americans.
10% cut on medical device R&D: $2.0 billion Loss of life from breakthrough averted or delayed: 1,000,000 life-years Economic impact from loss of 1,000,000 life-years to America's economy: $100.0 billion a year
This thing costs a lot including the same freedoms that spark the creation of the nation in the first place.
There’s also a secondary mainstream dictionary meaning of “tax,” i.e. to burden. E.g. to tax one’s patience.
I like Charles Payne. One of the few financial guys I’ll listen to, Cavuto is the other.
It’s okay to say she’s a dingbat, Charles, but I like the Charlie Sheen comparison, too :)
Almost no one realizes that after this year, 5 short months, everyone who sells their home will be paying a 3.8% tax the the feds to pay for the horrendous, criminal healthcare.
I’ve mentioned it to several people and they just get a blank look on their faces.
Selling your $500,000 house? Pay the obama’s $19,000 so the free loaders can have unfettered access to deathcare, contraceptives and abortion. Yay!
Cavuto would be okay if he wasn’t constantly interrupting and talking over people. You aren’t able to understand either him or his guest!
Not everyone, yet ! When you sell your home, you must make a profit above the capital gains threshold, $250,000 single filer, $500,000 married. Most filers will not be impacted by this.
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