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Today's Nuze

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

Nobody's listening.

NOW ... HOW TO PAY FOR ALL OF THIS

By
Neal Boortz
@ June 8, 2009 8:14 AM
Permalink | Comments (39) | TrackBacks (0)

So now the real question when it comes to these healthcare schemes is how to pay for it. Well, it didn't take long for the Democrats to come up with a plan: tax the rich. What other way is there?

President Obama wants Congress to consider the idea of taxing the wealthy instead of his supporters. Remember that there is a plan floating around out there, initially proposed by John McCain during the campaign, to tax employee healthcare benefits. The Obama administration had been considering the idea, but it seems as though Obama is going to go the easy route of demagoging the evil rich.

Specifics? Well he wants Congress to consider "limited tax deductions for Americans in the highest tax brackets." Now notice the language ... Obama and the Democrats will never, ever call this a tax increase. Nope. They will stick with the line that they want to limit tax deductions. PrezBO's plan is to attack the two highest tax brackets (36% and 39.6%): He wants to set a 28% cap on tax deductions. This would include mortgage interest, investment expenses and charitable donations. Once your deductions amount to 28% of your taxable income, the deductions end. Obama may not believe in a war on terror, but he sure believes in waging war on private charities! And why not? After all, these private charities are competing with government. That just can't be allowed to happen.



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What others are saying

  • They already do kind of thing with the AMT
    The Alternative Minimum Tax is already a limit on deductions. That the AMT isn't even mentioned here in regards to this deduction limit is kind of scary as it shows how our tax system is not understood. So with the AMT in play this doesn't change as much as you might think. Go crunch the numbers, Boortz
  • To gxm
    Bingo. You hit the nail on the head. Same game different name is all it is people. The only thing our government hasn't done yet is commit genocide against its own people. I am sure that if there were a revolution in this country they would have no problem slaughtering Americans. The crazy thing is that they are already preparing for the worst already. The whole point of that Right-Wing/Left-Wing Extremist crap from the DHS is to preempt any sort of revolution whether it come from Lefties or Righties or both. This way they will be able to demonize which ever group is causing them the most problems on the MSM. They will attempt to turn the other side against "the domestic terrorists". This will not be difficult because the powers that be in this country already have Democrat and Republican civilians at each other's throat. Pretty slick plan eh? Makes you mad doesn't it?
  • Here are some numbers to think about.
    I read through all these post and not one person threw out what they think is numbers for the poor, middle class and Rich. Here are what I think are the numbers –

    0 to 15K – Poor
    15K to 250K - Middle
    250k up – Rich

    Now these are my numbers, not the Gov. I am not totally sure but I think that the Gov says if you make 25k or less you are poor. But I do not believe that if you have 2 cars, cable, cell phone, internet and a big screen tv that you are POOR. You are not POOR. The problem that I see is the Government keeps raising the number for what is poor and then at the same time they keep lowering the number for who is rich. This is why the middle class is going away. Not because there are really less of us but because they keep changing the ranges.

    Just watch – the Gov will raise the poor rate to 30K, then 40K and at the same time they will drop the rich from 500K to 250K to 100K. Then POOF – the middle class will be gone.
  • To Joyce M/Blythe
    There may be a meeting. I haven't heard about one in July. I just wish that the MSM would report on just ONE of these meetings. Of course the reason they don't is because the people that own all of the MSM channels also are members of Bilderberg, CFR, and Trilateral Commission. Hell the interests that own Cox Communications are indirectly tied to them. Talk radio has been influenced by these people since before Boortz was even on radio.
  • The Nazis Had a Plan
    “Well, it didn't take long for the Democrats to come up with a plan: tax the rich. What other way is there?”

    There is another slightly different approach. Find an easily identifiable fairly large group (the "rich" aren't a big enough group) and demonize them. Then just confiscate all their wealth like Hitler did to the Jews. That’s how he funded the German welfare programs like their equivalent of Social Security. When he ran out of German Jews he just did the same thing to the Jews in countries the Nazis conquered. He had plans to set up slave states and basically do the same to others that didn’t qualify as Aryan. Of course the little matter of losing the war stopped him.

    My father who was a naval officer during WWII traveled all over the world in his job after the war. Once in the 1950’s when he came back from Europe I remember him saying something like: You can’t find anyone in Germany who was ever a Nazi! I wonder who it was that we were fighting.

    All the forms of socialism including fascism never really went away. They are alive festering and metastasizing.
  • to everyone
    http://www.wimp.com/economiccrisis/
  • Ivan
    I hear there is a mid-year meeting planned for Bilderberg around the end of July...
  • But Doc!!!
    tshirt said: Club-a-Liberal-- i don't want to tax all the rich. just those who went above and beyond greed. like the highering of illegal aliens, or laying off of those 10,000 or so workers just to make a buck or two.

    The TARP legislation already allowed for the FEDERAL government to give money to companies using illegal aliens so I guess that is not illegal anymore? (totally sarcastic here)

    Loved the link on the Federal Reserve! If we could recover all the money they have hidden away, we could pay for lots of goodies.
  • To Greg
    Fair according to who? You do realize that the people that make the rules are also the elite that are members of Bilderberg, CFR, and the Trilateral Commission right? These people are not your friends. These are the people that are bankrupting America right now and they are also the ones that will benefit from it.
  • To Club-a-Liberal
    I don't want to take sides on this honestly, but there is a whole class of rich people out there that are so rich that money is no longer the driving force anymore. They want power. That is what the New World Order is. The $9 Trillion number that tshirt-doctor.com just threw out is actually not exactly right. The number is actually roughly $10.2 Trillion. The Federal Reserve is the culprit here. They cannot explain where this money went. A Congressional panel asked the Inspector General of the Federal Reserve where the money went. She had not one single clue and she hasn't even launched an investigation into where it went. It has literally vanished. Like I said before. This is the liquidation of America. I hate all this rich vs poor crap. It is actually the powerful vs the powerless. Things change when you put things into this perspective.
  • T-shirt doctor - Yes
    Yes- that is all I can come up with. I am to busy at my job WORKING! What is your lazy ass doing on the couch at noon?

    You are right, I do not have an education-- I really just sell shirts on the internet. I make millions and live in a mansion.
  • the gold coins
    the picture of the gold coins in the kettle made my day. the ignorance of the taxpayers makes my day also.

    http://www.fff.org/blog/jghblog2009-06-03.asp
  • Open to suggestion...
    How about 'Bake Sale for America'? Sell loaded brownies, you know, with 'controlled substances'...oh, everybody had those last November? Yeah, that explains a lot...nevermind.
  • armed unions
    sounds good to me. at least they weren't sheeple then

    what would you do, greg? these people who wanted money so badly they didn't care if the country went bankrupt. they didn't care how many people lost the jobs, homes. ok, i'm a dunce. what would you do? the sheeple thing?
  • Club-a-Liberal
    i'm not going to give you numbers on what you consider rich, poor, middle class. you've already got you answers ready for that one.

    The class of people who are doing the stealing are the poor.
    you believe that? how about some people who've stolen 9 trillion?

    you don't want to hear that, do you? its all the poor's fault.
    http://www.wimp.com/reservelosing/
  • Yo, Doc, "the rich" fork over 97% of all income tax dollars collected
    If you call that "not paying taxes", dig deeeeep and beat it!

    The above statistic courtesy of the Infernal Revenoo Service (www.irs.gov)
  • Are we in good hands?
    obama commented a few months ago on the risk to charity by doing this? "This won't affect charities - they'll still get my hundred dollars"
    How utterly stupid this comment was.
    Don't say this is a lie Copy, because I was watching when he said it in that Dennis Haysbert impersonation he does so well.
  • over medicated.....
    Joyce M/B pleeeeze reach over and take those pills away fron that tshirt guy! he's been taking too many.

    ok someone asked what do we consider the EVIL rich. one word, no, two words bernie madoff.

    we're screwed!
  • So...violent unions is the answer tshirt-doctor?
    "In 1967, unions were much stronger, income disparities were much narrower, and Americans didn’t culture-hump their bosses. Back then, Al Dunlap tried to apply his “chainsaw” to a company called Sterling Pulp & Paper. He proposed mass firings of its unionized workforce to bring down costs and boost the owners’ share. But Sterling’s 1967 workers weren’t like Sunbeam’s or Scott Paper’s in the 1990s. They didn’t roll over and accept the downsizing with a sullen grumble. Instead, to quote from Dunlap’s own book, “There were also physical threats of violence. We received anonymous calls and letters from nuts who said they were going to blow up my car or shoot me in the parking lot.” It worked: Dunlap caved in to the “nuts,” the workers weren’t downsized, and Dunlap eventually was forced to retreat."

    So, when CEOs cut company's to pieces, the only to really protect us are armed unions? You have got to be kidding me.

    I'm still waiting on that formula. What is the limit? More than $1 billion/year? Over 10% profit margin?

    Regarding frauds who are caught and processed by the SEC? They need to be slammed on hard. The guy that defrauded and was fined $500,000? They should go after every penny. Bernie Madoff? Figure out how much he stole, then liquidate EVERYTHING until he has nothing left or the amount has been reached. THAT is how you prosecute corporate people that are evil. And on equal note, if you made $1 billion fair and square, it is yours! Big risk...big reward. Fraudulent risk? Equally big punishment!
  • got an idea.............
    ok! here it is, the best idea to come along in ages.

    what do we have more of, billionaires or bag ladies? bag ladies you dumbass! so lets tax the crap out of them! close those loop holes. like if you don't have any money you gotta pay tax on what you coulda made if you waz a worker.

    why am I being so stoopid? b'cuz soon all we will have left is bag ladies. with so many newspapers (read fish wrapper, bird cage liners) going out of bizniss they are putting the median news venders out of work.

    with new taxes for the rich they are going to abandon the good ship united states and leave the bag ladies in charge. I can't blame them nor will I. I never got a job from a bag lady. I hired accountants to find ways for me to increase my keepable and reduce my stolen. for some of you read profit and taxes. unless the gubmint is done away with in it's present form, we will make the titanic look like a canoe in a bath tub.

    china has so much invested in the u.s. that we are too big to fail, where have I heard that before? soon the u.s. dollar is going to be worthless. as soon as the ruskies and the chinese figger out which type of money they want to use the dollar will be just like the indonesian rupia(?) 10 gazillion to 1.

    so what do WE do? heres that bad word again.......REVOLUTION. it's in the constitution, yeah yeah I know it's not worth the parchment it's written on but......

    I'll follow a good leader and charge the gates of hell with a cup of water! but I will turn on him like a rabid skunk if he/she becomes a scumsucking politician.

    SHOW ME A LEADER!! PLEASE!
  • Two points
    (1) >>>>If you are now only allowed to deduct part of your mortgage interest because total deductions will only be 28% that gets rid of a major objection I hear to the fair tax.<<<
    Those morons who object to the FairTax because they won’t be able to deduct their mortgage interest have analytical thinking skills equivalent to a doorknob. It would be like Best Buy offering you a $3,000 60 inch flat screen TV for free, and then have some moron complain that if he gets it for free, then he won’t able to use his 40% off coupon!

    (2) T-SHIRT doctor – I’m still waiting for your numbers on what you consider rich, poor, middle class. What you need to realize is the quality of life now compared to a while back. I’m 37 years old. When I grew up, things that an average poor person has now was considered a luxury for middle class people back then: 2 cars, air conditioning in the house, TVs, cable, phones, 4 BR/multiple bathroom houses, etc., were all luxuries. Now, a “poor person” has all of this. A poor person lives in larger living space than the average European. The class of people who are doing the stealing are the poor. They are zero-liability voters. They pay nothing, yet are the biggest users of govt services. That seems like stealing to me, huh?
  • You guys should not argue...
    That is what they want. They want to further divide you. Some of you guys need a New World Order 101 course. They need us to fight amongst ourselves. That is how they buy time. If you notice that literally every single week there is some new controversy that further divides the people of this country. What you guys are failing to understand is that the controversy is the lie. They do this on purpose. Who do you guys think our politicians get their marching orders from? All smoke and mirrors my friends. Don't fall for it.
  • Greg
    do want me to go through my list?

    how about Mutual fund billionaire Michael Price?
    you can read about him here:
    http://exiledonline.com/class-war-101-meet-the-reptiles-who-are-making-meat-out-of-you/

    Taxes are NOT the way to handle this! i agree. as a matter of fact, the income tax is unconstitutional
  • Bob in Duluth hurt my feelings
    :O(

    i'm sorry, Bob in Duluth. you hurt my feeling. i'm crying right now. i'm sitting in my rent-to-own furniture right now.
    oooohhh i'm crying.
    is that all you can come up with? i don't think you went to college at all. i think your sitting at you section 8 housing (with rent-to-own furniture) with a computer you stole for somebody who actually paid for it.
    oooo you reDICKulous
  • When the price of bread rises, time to start selling bread
    "i don't want to tax all the rich. just those who went above and beyond greed. like the highering of illegal aliens, or laying off of those 10,000 or so workers just to make a buck or two."

    1. Define "above and beyond greed". Do you get to define what my profit margin is? Or would that be Barnie Frank? Who gets to define how much I get to make? I know, let's try....my competitors! If I am making a killing at selling bread, that is a clear signal for other people to get in the business of selling bread, which would instantly drive the price down, and tell me to either cut my own prices, or someone is knocking me out of business. Taxes are NOT the way to handle this!

    2. Okay, you offered one example: hiring illegal aliens. Throw those in jail that hired illegals! Any more examples?
  • tax the rich
    Ivan-- you said it better than i did.

    Jubilation T Cornpone-- the rich don't pay any income taxes

    Club-a-Liberal-- i don't want to tax all the rich. just those who went above and beyond greed. like the highering of illegal aliens, or laying off of those 10,000 or so workers just to make a buck or two.
  • Why do you assume gov't mandated services are better?
    "Every hard working "legal" resident deserves affordable health care regardless of income."

    Why stop there? Shouldn't every legal, hard working resident deserve: a home, a car, a DVD-player, and a girl friend?

    How would you propose putting all these products into people's hands? These products (health insurance included) all have a cost, and someone must pay the cost. You must take from someone that has the means and give it to those who don't.

    Based on the incredible success of other government services like medicare, social security, VA hospitals, and some such, I speculate: your home would probably be a FEMA trailer. Your car would probably be a Yugo. Your DVD-player would probably last 6 months. And your girl friend would probably be a government paid-for hooker (we need to create jobs, right?). And you should be thankful to get it!

    If you have another speculation on how this would turn out, please tell me (and provide a reason why!)
  • So, we need to force people into med school, ehh?
    "Maybe one solution to control health costs is to graduate five times as many doctors, nurses, and other medical professionals."

    And just how do we do that? Other countries are trying to stoke the number of people getting certified. Their only solution: lowering the standards.

    And where does 5x come from? A number you just invented? Well, I suppose Barnie Frank can be person who picks the actual number. Sounds great!
  • Unintended Consequences
    If you are now only allowed to deduct part of your mortgage interest because total deductions will only be 28% that gets rid of a major objection I hear to the fair tax. So, I think this might be a good idea.
  • Healt care costs. Let's end oligopoly.
    Every hard working "legal" resident deserves affordable health care regardless of income. No one should be denied coverage just as no one should be denied fire protection because their dwelling is too cheap or small.

    I would gladly pay whatever I pay for health insurance, as taxes knowing that I cannot be denied coverage for any non-self inflicted medical condition even if I do lose my job and ability to pay sky-high insurance costs.

    Maybe one solution to control health costs is to graduate five times as many doctors, nurses, and other medical professionals. It's time to end the oligopoly (i.e. price control) that the medical and insurance industries holds on people. Let there be real competition.
  • Think
    You don't seriously think the taxing will STOP at the rich do you? It will effect ALL of us. This is too big, there is not enough money in the so-called rich pockets to pay for this.

    And I've heard more than one report that regular preventative care is costing more than the benefits derived. Now add in 40 million new patients going several times a year for preventative care, we are sinking into a very large hole, bigger than the so-called savings we will gain. There are not enough doctors, not enough facilities, not enough equipment to handle all this and it would take 10 years to get it up to the level to handle it. Just picture it in your mind.
  • No surprise here
    We all knew this was coming. The result will just be more lost jobs as "the rich" take evasive action by moving their money makers to safe havens.
  • Tax the rich
    Doc just an FYI CBO #s show that you would have to confiscate 100% of the income of the top 25% to even come close to a balanced budget, many of these folks feel far from rich. And that is before the state & municipalities request thier "fair share"
  • T-Shirt doctor chimes in first!!!
    What a shocker - how many payments do you have left on your rent-to-own furniture. Do you we-eat atound your fridge in the front yard?

    Poor people are poor because they make poor decisions. My parents were poor - I paid my way thru college (still paying) to get somewhere and "steal all the wealth".
  • Tshirt
    >>>>because the rich stole all of the peoples wealth. i remember when america used to have a middle class. now there's just poor people and the rich people.<<<<

    Just out of curiosity, what do you consider rich, midlle class, and poor? Everyone has a different definition. Please define those categories with some real numbers first so we are all on the same page Then we can have a ondebate this.
  • Tax The Rich
    How long would the federal government be able to operate if it would just seize all of Bill Gates personal wealth? Less than a day, I'm sure. If you want the government to take money away from the rich to pay for your stuff, then you need a lot more rich people with a lot more money. The only way to get that is to remove government's jackboot from the throat of the economy. But that's not really the goal is it? The goal is to make sure well all have the same amount of stuff. Even if it means we are all become poor. It doesn't matter if a free enterprise economy helps everybody. If it helps some more than others then some people can't abide it.
  • Who are these evil rich?
    Hint: anyone who actually pays income tax.
  • To tshirt-doctor.com
    I agree with you to an extent. It is not your average $500k-1M home owner that did this to us. This was done to us by the elite among the rich. It is sickening what the elite has done to us. We will soon be literally killing each other in the streets over food and water because of all this. I cannot understand why the dumb masses haven't figured this out yet. I cannot understand why millions haven't marched on Washington and literally thrown these clowns out on the moronic asses. I mean literally walk into their offices push their secretaries out of the way grab them and throw them out on the curb. That is my way of holding these idiots feet to the fire. This is what it will come to. I am sure of it. This economy is almost done for it. I mean hell the IMF is already issuing bonds for godsake.
  • tax the rich -- hell yeah!
    because the rich stole all of the peoples wealth. i remember when america used to have a middle class. now there's just poor people and the rich people.
    f@@k the rich. they've been f@@king us for years.
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