You’re clueless!! O’man has cut taxes. This plan is for big banks, etc., to pool $$$ is specifically to avoid the taxpayer having to bail out the “to big to fail” companies. No different than P&C companies paying assessments to a staate fund.
Your clueless if you think for one second there will be a solvent pool of money just sitting there waiting for a bank failure. It is a tax on the banks (and possible insurance carriers). The money is going to go into the the general trough of feeding pigs, and the banks are going to pass it on to the consumer. Call it what you want… it is a tax!!!
1. “O’man has cut taxes” – That is a lie, as the “Madoff-Care” healthcare bill is littered with taxes. Every person that receuives any kind of benefit paid by employers will be taxed for that benefit. Also, Obama will not allow the tax cuts, enacted under Bush and a Republican congress, to continue, which leads directly to one of the largest, if not the largest, tax increases in the history of the world. I guess math and economics are not your strong suits.
2. Who do you think is going to be paying for the increases in fees on insurance companies? This increase will be passed along to anyone purchasing a policy. And commercial entities will pass this along in the form of higher prices. When the government extracts a fee by force, how is that different than a tax? Once again, it seems math and economics are foreign in your world.
For those of you who do not understand what is going on: The United States government is broke but there three extremely large sets of funds which the government could tap into if allowed, 1 banks..ooops they already did, 2 retirement accounts, and 3 insurance surplus and reinsurance surplus.
Surplus is money that is held in trust to pay claims. This is the money the socialistas in government would like to tap for spending. One way to do this is to dissolve or put insurance companies out of business, freeing up that surplus capital…for the government to spend. OOPs thats exactly what is happening with health insurance companies.
The Bush tax cuts during the execution of two “off-the-books” wars was shortsighted at best, intentionally damning at worst. Those tax cuts are going to expire because they need to. We are in dire need of revenue.
Yes we are in dire need of money because the government keeps spending money it doesn’t have. When will it all end? Probably when all the money they’ve printed and spent no longer has any value and we are forced into a bartering economy or, worse yet, a master (government) and servant (the population) culture just like the Middle Ages.
Here’s the solution. Instead of charging a tax we simply charge a fee for services, like when issuing a policy. We should keep it constant so everyone knows what they are paying at any given moment and can budget accordingly. In fact I think that should be the name of our new constant expense based fee…’The Expense Constant’
Gotta pay for social re-engineering somehow. Here it is.
Bring on the hard market and let the pros make some real money.
You’re clueless!! O’man has cut taxes. This plan is for big banks, etc., to pool $$$ is specifically to avoid the taxpayer having to bail out the “to big to fail” companies. No different than P&C companies paying assessments to a staate fund.
Your clueless if you think for one second there will be a solvent pool of money just sitting there waiting for a bank failure. It is a tax on the banks (and possible insurance carriers). The money is going to go into the the general trough of feeding pigs, and the banks are going to pass it on to the consumer. Call it what you want… it is a tax!!!
1. “O’man has cut taxes” – That is a lie, as the “Madoff-Care” healthcare bill is littered with taxes. Every person that receuives any kind of benefit paid by employers will be taxed for that benefit. Also, Obama will not allow the tax cuts, enacted under Bush and a Republican congress, to continue, which leads directly to one of the largest, if not the largest, tax increases in the history of the world. I guess math and economics are not your strong suits.
2. Who do you think is going to be paying for the increases in fees on insurance companies? This increase will be passed along to anyone purchasing a policy. And commercial entities will pass this along in the form of higher prices. When the government extracts a fee by force, how is that different than a tax? Once again, it seems math and economics are foreign in your world.
FYI,
For those of you who do not understand what is going on: The United States government is broke but there three extremely large sets of funds which the government could tap into if allowed, 1 banks..ooops they already did, 2 retirement accounts, and 3 insurance surplus and reinsurance surplus.
Surplus is money that is held in trust to pay claims. This is the money the socialistas in government would like to tap for spending. One way to do this is to dissolve or put insurance companies out of business, freeing up that surplus capital…for the government to spend. OOPs thats exactly what is happening with health insurance companies.
Couldn’t have said it better myself.
Fred,
Get a life
Haha Fred – you can live in a dream world if you think Obama has cut taxes! Wait, he’s just getting started!
Old Slogan – “Change you can believe in”- New Slogan – “Takeover and Tax”
Does Obama really think we are all that stupid? This is all about Taxing us to death and even after death.
The Bush tax cuts during the execution of two “off-the-books” wars was shortsighted at best, intentionally damning at worst. Those tax cuts are going to expire because they need to. We are in dire need of revenue.
Yes we are in dire need of money because the government keeps spending money it doesn’t have. When will it all end? Probably when all the money they’ve printed and spent no longer has any value and we are forced into a bartering economy or, worse yet, a master (government) and servant (the population) culture just like the Middle Ages.
We are in dire need of cutting spending. This govt has gotten way too fat.
Rusty,
I’m all for hyperbole, but let’s keep our feet on the ground. You can borrow my tinfoil hat if you like.
Here’s the solution. Instead of charging a tax we simply charge a fee for services, like when issuing a policy. We should keep it constant so everyone knows what they are paying at any given moment and can budget accordingly. In fact I think that should be the name of our new constant expense based fee…’The Expense Constant’
But, Stephen, the hat looks so good on you. And, given your comments, your tin foil hat may serve as your one and only link to reality.
Mike N, you’re one of those guys, huh?
Yes, because those regulations worked so well in the banking industry………….