U.S. House May Include Surtax on Wealthy (4% above $200K)in Health-Care Package

Bloomberg | July 7, 2009 | Ryan J. Donmoyer

[reaganaut1]

No excerpt allowed from Bloomberg.com, story here .

[austinaero]

YOu know, really, we should all automatically assume that this Congress will put a SOW on every piece of legislation they pass. SOW = surtax on the ‘wealthy’. If you have pigs, you got pork!

[Eric Blair 2084]

So basically it’s the rich’s fault poor people eat at McDonald’s, smoke, drink and are without insurance.

Hey, some rich people smoke, drink and eat greasy burgers made from Kangaroo meat also. I resemble that remark.

But your basic point is well taken....

All yours moneys is belong to us.

[April Lexington]

The new Obama health and exercise workout routine: “And bend and stretch and bend and grab, now howl and groan and bend and howl...”

[April Lexington]

Um... if I may suggest... Buy gold bars and store them in a safe deposit box in another country. FDR, by EXECUTIVE ORDER (because Congress wasn't even that crazy) banned the private ownership of gold in 1933. It was illegal to own gold. If you have gold in bank safe deposit boxes in the United States or in banks in foreign countries, they will turn over the gold to Obama and turn you over to the FBI. if you have US gold coins, you get ratted on when you try to convert. So... hide the stuff where they can't find it before its too late. Your dollars are about to become worthless to the international community (which, of course, is the goal of the Internationalist Movement).

[April Lexington]

Move every dime you can into a Roth IRA.

They have been discussing the nationalization of 401k and deferred comp plans since before the election. If you stash it all in the Roth IRA, you may wake up one day to discover that YOUR money is being used to make social security payments for someone else. NEVER trust the Federal government...and these Roth IRA accounts were enabled by Congress...

[April Lexington]

Other than property taxes, you are correct.... for now... dividends and interest escape as well, so its high paycheck people who are going to get boned here. Not the poor and not the propertied. Just folks who are working their butts off to accumulate wealth. There won;t be anywhere near the number of wealthy people in the USA as upstarts will be taxed to hell while the poor feast and the rich move off shore...

[headstamp 2]

These idiots won’t be happy until we have a permanent recession and permanent unemployment rates over 10%.

[Eric Blair 2084]

If you bought $1 worth of gold in 1802 you would have $2.52 now. Congratulations!

Opportunity for smart Gold sellers to make a fortune pimping their product on the radio to scared idiots in these times.

Maybe they can even put an environmentally friendly green sticker on their wares and double the price.

[April Lexington]

Ok, so convert your dollars into Swiss Francs, Euros, copper, oil, cow shit or anything else that will increase in value ass the dollar plummets. Hold dollars and get poor. Gold was $35.00 an ounce in 1972 when Nixon demolished the gold standard. It sells for approximately $920 today. So, inflation or devaluation? You decide. The poster wanted to buy gold and hide it. I advise not to do that because the fraud Obama will likely confiscate the gold via executive order and make its ownership illegal. Better to get your dollars off shore and convert them into something that will increase in value relative to the dollar. Right?

[April Lexington]

If you bought $1 worth of gold in 1802 you would have $2.52 now. Congratulations!

DO you have a source for this metric? I'd like to review for an article I'm writing. Thanks.

[April Lexington]

Also, keep in mind that gold is a short term hedge against instability. You can get whacked big time if you hold beyond the run up cycle. If the dollar collapses, the Federal government will quickly come up with some stabilizing alternative and gold will quickly fall in value relative to the new money system. Not a game for the faint of heart...

[Eric Blair 2084]

I’m sick of looking for the damn Alliance Bernstein graph on the web. FReepmail me tomorrow. By that time, I’ll get it emailed and save it on photobucket.

It will be perfect for your article.

[stuartcr]

What a pleasant insult delivery.

I was under the impression that wealth was more a state of mind, than an actual $$ amount.

[stuartcr]

I’m in the Tidewater VA area. Please note that what we may consider wealthy, others may not. See #113. I might add, that we have no debt other than our mortgage.

[mdmathis6]

The real Tea party threw tea into Boston Harbor. I suggest the next “Tea Parties” throw “Texas Tea” or petroleum into harbors. It will be a tweak on “Cap and Trade”and the EPA as well.

The original Tea Partyers were disguised as Indians. The new Tea Partyers should be disguised as Obama, Waxman, Kennedy,ect while doing the business.

[Jim Noble]

Better to get your dollars off shore and convert them into something that will increase in value relative to the dollar. Right?

Do you actually think they'll let you repossess your offshore holdings?

[Pilsner]

My wife and I have lived in a number of places, and we’ve never earned 200k. I would consider myself wealthy if I made that much, anywhere

In my small town in Texas, $200K would be a lot of money. Try living on that in Manhattan. You and your wife could easily spent $12,000 a year, $12,000 a year in post tax dollars, after paying Federal, State and City income taxes, just to park your cars. Monthly rent on a cheap three bedroom apartment is more than my wife and I pay per quarter for our house, with garage, shed and 1 acres yard.

[stuartcr]

That’s just one of the reasons we don’t live there, or in any big city.

[Made In The USA]

I’m so glad we have an administration that intends to leverage technology.

Here in my office I have this high tech thing called a ‘calculator’. This device, which is actually powered by the Sun, tells me that 4% of $200K is $8K. All I had to do was type in the numbers and it instantly tells me what I needed to know. It’s amazing.

So I kept typing in this math question over and over until finally a puff of smoke came out of the back and the words ‘Joe The Plumber’ locked on the screen.

In spite of all this high technology that me, a mere middle-management wife mortgage and two kids type had access to, I’m not finding how Uncle Sam will find better use of the $8K than the person who actually EARNED IT.

I’d encourage Mr. Soetero to get one of these fancy calculator thingys. It would be a good start to better understanding what sacrifice he’s asking of families.

[PLMerite]

“What no 4% match from the Employer?”

Yeah, his “match” is the raise or promotion you didn’t get.