Posted on 04/10/2023 5:59:26 PM PDT by lowbridge
Jason Rantz of Seattle’s KTTH explained Sunday that the “excess compensation tax” comes from SB 5767, “Funding health care access by imposing an excise tax on the annual compensation paid to certain highly compensated hospital employees,” which was introduced last Tuesday and referred to the Ways & Means committee. Rantz noted that “Democrats hope to tax specific job salaries at the behest of healthcare workers’ unions. But you’d be naïve to think they’ll stop there.” Of course they won’t stop there. This bill is one of the most open acknowledgments yet that Leftists are pursuing an avowedly socialist agenda, in which government wonks, not market factors, determine compensation.
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In Washington, the new bill “would pose a 7.5% ‘excise tax’ on hospital administrator jobs that Democrats deem overpaid. The bill defines ‘excess compensation’ as one that exceeds 10 times the average annual wage of workers statewide, as published by the Employment Security Department.” What would the state do with this money? Nothing good, of course: “The tax revenue would be used to ‘advance health equity’ and fund abortion.”
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Rantz points out that “Democrats are targeting hospital administrators because it allows them to justify even more funding of abortions, but also because they have a mutually beneficial relationship with various unions that represent healthcare workers. Democrats give the unions what they want, and they get support and help with their campaigns.” The flip side of this, however, is that the more the Left makes the job of hospital administration one in which people’s wealth is confiscated and they cannot make a decent living, the fewer people will go into hospital administration. Healthcare quality in general will suffer, and the revenue that this tax scheme is designed to bring in will start failing to appear.
(Excerpt) Read more at pjmedia.com ...
What Will be accomplished is to chase wealth out of the state.
We left WA on Saturday. Never going back.
“Wealth” isn’t always defined by a higher income
Sometimes it has come from good management of the income one has-—being frugal instead of throwing money around.
I was accused of being wealthy a couple of years ago.
WHY? Because I OWN my property free & clear.
I also OWN my vehicles-—which I have had for 41 & 37 years respectfully.
Don’t smoke
Don’t drink
Don’t gamble
Don’t spend $$$$ on entertainment-—cell phones—jewelry—travel-—or foolish impulsive items.
NEVER made more than $65,000 in any year.
Best I can dig up - average annual wage in Washington State is around $57,500.
Ten times that is $575,000.
Oh well - a lot of hospital managers are going to have decisions to make.
Singing “Killing them softly with taxes”.
Washington State, as well as Oregon and California are Communist Criminal states, aided and abetted by the Democrat Party and MARXIST leftist ethnic organizations. They ARE our Domestic Terrorist Enemies.
“I’m a RRT CPFT NPS.”
Do you think we citizens are being overcharged for our healthcare?
If I wanted to work more...I could make $150k plus a year. During the COVID....I was offered lot's of money. But declined it..I work 3 12's a week max.
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