Tuesday, June 19, 2007

TAX THE RICH


Mark this day, you'll probably never hear me say this again. I think we should raise the taxes on the rich. No, I'm not part of the overwhelming masses that think that taking from other people is the answer to all their problems. I find that to be the defining trait of Liberals, and I'm not one. It's just that I can't seem to grasp their philosophy; these people have lots of money, I do not, so they should give it to me. Hell, if you want to take that route why not justify robbing people if they have more than you. Keep doing that until you have more than most people and then we'll rob you. The perfect system.

I respect people who go out there and make their way towards wealth through hard work. I do not buy into the lie that most people inherit their wealth. I even admire people like Michael Moore or Rush Limbaugh. They don't lie about who they are or what they stand for and they've managed to pull themselves up to the top of their field from nowhere. They have every right in my eyes to enjoy the fruits of their labor, no matter how much I disagree with what they say or what they're doing. What I don't believe in, is rewarding people who do nothing to help themselves by giving them the money of the hard working and talented. Period.

With that out of the way, let me explain why I have a change of heart on taxing the wealthy.

There is a gap in our health care system that I find unacceptable. It exists for people who go to work everyday and are making an effort to get ahead without relying on the Government. With all the people in this country who have health care, including people too lazy to work, the drug and alcohol addicted, and those who are faking injuries so they can get on SSI, it is an absolute travesty that the one group of people that we are not taking care of is those that work menial jobs that pay near minimum wage and don't qualify for government assistance. Now, I could act Republican and say that the answer is to stop giving assistance to all the aforementioned leeches on the leg of society, but I really feel that their punishment is knowing they will never advance beyond where they are now. A better and more humane answer would be to help the people who are helping themselves to have a life that is better than their lazy-assed counterparts. Think about it for a second. People who do nothing to contribute to society get their health and the health of their children taken better care of than those who work the 9 to 5. In a country as rich as the United States it is shameful to say the least.

I have given considerable thought as to how to cure the health care crisis in this country and I have to say it is a bear of a problem. It's the killing off of the enormous health care industry that causes most of the problems with creating a universal coverage of the type that most socialist countries have. Look around the place that you work. Even in a small business that supplies health care for it's employees, you have at least one if not two people who spend most of their days going through the paperwork involved in health care. For larger companies it's even more people, and in any doctor' office there may be three or four, and that's not even including all the people who work for the providers themselves. It is a massive industry on par with the automotive industry. To give all those people walking papers at once would send a huge ripple through the economy.

Now, the way I look at it, it is rich investors who would suffer the most from having that kind of a system forced on them. (Although the regular 401k investors would also be hurt on their retirement.) Since it is them that gains the most by leaving the system the way it is, it is fair to say it should be them that fixes the hole in the coverage so the system works. Think of it this way. They pump money into the health care system by paying for the coverage of people who are working to get ahead and the health care companies get bigger returns thereby helping to float the market which returns some of the money back into their pockets.

So how would we do it? I like an idea being floated by Ben Stein (Yes, of "Win Ben Stein's Money") On Bill Reilly's "The Factor" program, Ben suggested a new tax bracket for people who earn more than 5 million a year. 36%, a jump of approx. 3% for the over 1.5 million Americans who file that much currently. That money would then be earmarked specifically for health care for working Americans that could not otherwise afford it. It's not just that they can afford it and it's not just that they would be the ones to suffer the most if we changed our system. It's also that they are the people who could best monitor it and try to keep people off it. Since the very rich control this country in one way or another, if they were taxed for every individual who does not have health care, there would be more motivation for them to find innovative ways for companies to supply coverage thereby lessening their personal tax burden.


You know, when I first heard Ben suggest this, I was against it. But after listening to his reasoning, both Bill Reilly and myself were convinced. I generally feel Bill is a little too unsympathetic to the plight of the little guy. A little too quick to defend his rich counterparts. And a little too strict in his opposition to any tax on the wealthy. But if this is an idea that a very rich Jewish guy (Ben) and a very rich Irish guy (Bill) feel is worth paying for, then this, not at all rich Bohemian guy has no choice but to say.....Tax the Rich. H.C.

18 comments:

Andre said...

Overthrowning the current capitalistic system of enterprise and replacing with a policy designed to allow for collective and (at least somewhat) equitable ownership/access to industry, the institution of health care, and other resources?

My God. You are turning into a socialist. Waaaay cool!

Viva la Hippie!

Andre said...

Meant to say "Overthrowing". I was so excited, I got ahead of myself.

Welcome back from the dark side. We were starting to miss you.

Anonymous said...

Welcome back from the dark side. We were starting to miss you.

Ha. I was going to say the same, but was beaten to it. Finally, a little bit more of that Hippie in the Hippie Conservative.

Unfortunately, not one national health care plan proposed thus far (that I've seen) even remotely appears to be viable. The barriers to a quality national health care system, IMO, are both the medical & pharmaceutical industries themselves; politics may play a role, but a far lesser one than many think (although being a nursing student many of my professors would almost surely disagree).

Anyhow, great piece. Hope it opens a few eyes.

-n

The H.C. said...

Hey Dre,
Yeah, yeah, yeah.
Underneath this tough conservative exterior beats the heart of a closet quasi-socialist. It's really a matter of finding the money and since to cover the 40 million uninsured working folks it would take somewhere on the order of 300 billion (if not more) there was no where else to look. Did you get a chance to click on the link on "enormous industry"? I was surprised to find heath care is our BIGGEST industry. That's a lot of folks.
P.S. Thank you Obi Wan Kenobi. There is a disturbance in the force that had to be dealt with.

The H.C. said...

Hey Nic,
It's a good thing I'm geeky enough to get these Star Wars references.
I agree, I haven't seen a plan I could get behind up until this one. As someone who will be working in the health care field, I'm sure you understand the complexities of reforming our system. I would go even farther on defining this proposal by saying it should be funded directly through the states like the existing programs to help the underinsured. That way we could have several competing programs going on at once and could further refine them by what worked best. It's funny that both of you feel I've come back to my Hippie roots, I'm always for the working person, especially those that are struggling, after all, it wasn't that long ago that I was in those shoes.

heiresschild said...

i followed your link from andre's blog. i like your writings. i read the last four posts you did, and you make some interesting points. i don't really have anything to say, but i did get a lot out of reading. sometimes that's all that's needed to learn.

The H.C. said...

Hey, HeiressChild,
Thank you and welcome aboard. If you find something you disagree with or just want to discuss don't be afraid to put it out there. All points of view will be respected here. You'll find I'm all over the spectrum in my opinions. I think my Mom most have dropped me a lot as a child.

Rev. said...

Nice post,
I wish you'd spend a bit more time trying to promote your Blog, there are alot of people out there in the "Blogosphere" who would really benefit from and/or enjoy your writing.

The H.C. said...

Thanks Rev,
I'm constantly battling to find time to put all my thoughts down into print which doesn't leave much time for self advertising. Do you know any way I could get on Leno or the Daily Show? Thanks for your comments and concern, I linked myself to Andre's site, I was hoping that would kick out at least a million or so extra hits.

Anonymous said...

Hi H.C. :)

Keep in mind, I have thought's of (universal heath care) in mind.

H.C., I disagree.
And here's why, we have no (money)
i.e. Gold or Silver coin.
We have a Fiat Currency, of course you know these things.
A Fiat system works best when the books balance out. The U.S. Government borrows money from the Federal Reserve and pays it back through taxes, court cases, fees, licenses, etc. If there is not enough paper money available, then the government must borrow from other countries - China for one.
The U.S. Government borrows paper money from the Federal Reserve and China, then pays this paper money back with interest?!
Why?
The Constitution gives (exclusive) rights to Congress to coin and regulate money - Gold and Silver coin.
The reason is, the Congress can authorize a spending bill for say 20 billion, the Treasury ask's the Federal Reserve for it and out of thin air or Aether if you prefer, it's there to pay some bills.
If we were using Gold and Silver coins, then we couldn't fund all of this nonsense in government spending.
So, your idea of taxing the rich works in this current Fiat system. Except for the U.S. Supreme Court Rulings that said The 16 Am. (Income tax) did not apply to wages on labor, only corporate gains. And of course you have to pay corportae gains taxes anyways.
Since the U.S. Supreme Court will never hear another tax case based on those previous rulings, your idea will still work great! :)

The paper money for health care is and has been available since 1914 folks.

Now, in 1933 Prez. FDR signed an Executive Order #6102 that required all citizens to give up all but $100.00 of their Gold.
Or face a $10,000.00 fine and or 10 years in prison.
Guess where all that gold went to -The Federal Reserve. Remember, the Federal Reserve is a (PRIVATE) institution.

It get's better. Recently The Wooden Dummy - Geo. Bush signed an Executive Order # - Damn it! Can't find it now! Arghhhhhhhhhh!
Anyway, In order to "balance the books" again like FDR did in 1933, ladies and gentlemen, kiss your Gold and Silver (jewlery) goodbye.

Sorry, got carried away. :)

Health care is sooooo high because government want's universal health care, hence the crisis. That's what government does, create's a crisis and offers to rescue.
How did they create the crisis?
Deregulation.
Just like with credit card interest rates. They deregulated those laws and many card holders are now paying interest rates of 35%.
Naturally, the government will offer "The Solution of Rescue", yet again.

The jist is that government will take the real money - Gold and Silver (jewelry) and whatever else made of Gold and Silver - give it to The Federal Reserve, and raise taxes to help balance the books of our Fiat Currency System.

Sorry to hijack the comment page, but the big picture is what I said.
Government's are people, who do unto you, before you can undo them.

Rod Ryker...
It is reasoning and faith that bind truth.

The H.C. said...

Hey Rod,
You are of course correct that we have a Fiat monetary system. However, since NIxon ended the gold standard, we really haven't had enough gold to match our currency. The only answer would be to dramatically increase the price of gold to reflect the difference in currency. That is an idea supported at one time by Alan Greenspan (http://www.gold-eagle.com/greenspan011098.html) and now supported,as you know, by Dr. Ron Paul for the constitutional reasons you sited. I don't think it will ever happen, but if it looks like it might at any point, I would suggest buying up all the gold you can get your hands on. As far as taxing the rich to support an expanded health care system. As distasteful as I find the idea in priciple, I have to sacrifice a little in order to quickly get the help to the children of the WORKING poor people in this country. We can work out a better system once everyone's covered. Thanks again for your insight.

Anonymous said...

Hi H.C.

H.C. said: "I would suggest buying up all the gold you can get your hands on."

Sorry, The Wooden Dummy already signed another Exuctive Order prohibiting this.

Executive Order 13666 on Domestic Terrorism And Response to the 9/11/2007 Attack :

...

"(c) The Gold and Currency Protection Act - in order to protect the American public from future terrorism incidents by limiting their ability to fund unlawful activities, the Gold and Currency Protection Act will prohibit the future ownership of gold, silver and currency in amounts exceeding $1,000 with out the filing and completion of new Treasury Disclosure Forms. Effective immediately, all cash transactions in the United States exceeding $500 are prohibited and punishable by fines and jail time not to exceed $5,000 and 3 years."

Take care.

Rod Ryker...

Anonymous said...

Disregard my last posting, it wasn't the one I tried to find the other day. This one is the funny one. Sorry. :)

The H.C. said...

Hey Rod,
Very interesting. I like how it's all to "protect" us from terrorism. That's a line I feel we may be hearing more than necessary. I'm rather hawkish on terrorism, but until they can demonstrate a real need I'm not too big a fan of governmental overreach. I believe there is a far better chance that terrorists would support themselves with blackmarket sales of drugs, fireworks, and cigarettes than of gold anyway. Thanks for the great document.

Anonymous said...

Hi H.C., just heard that Congress is starting Impeachment Proceedings against Bush and Cheney! :):):)

Rod Ryker...
It is reasoning and faith that bind truth.

The H.C. said...

Hey Rod,
If it's for what they've done to the Constitution, I'm all for it. If it's for the lie they told when they thought it was the truth. Well, (sigh) here we go again.

Marie said...

I just think that the rich should pay their fair share just like us poor folks.

The H.C. said...

Hi Marie,
Welcome aboard. I look at this particular issue this way; The richest people in this country would be hurt the most by Socialized medicine, (through the impact it would have on the Market) so it's reasonable for them to pay to keep their gravy train intact. Thanks for commenting.