Friday, February 15, 2008

Can we afford so called "free" health care?

The "free" healthcare proposals I've read about thus far all would include tax increases for the rich in one way or another. The question is: can the rich afford it?

Initially it will be the rich and upper middle class who will pay for the healthcare of everyone in the United States, and it's this group of Americans that create about 75% of jobs.

As has happened historically when taxes go up beyond a certain point, governmental profits from this group will start to decline.

This happens because the rich are now being overtaxed, they look for ways of saving money.

What they do is they lay off workers and stop purchasing new supplies and equipment. So now, not only are the rich effected by the high tax, but the middle class and poor are too.

And the Fed suffers too because there will be fewer tax payers now.

Middle class business owners will get a double whammy when, to make up for the loss of profits, the fed will ultimately have no choice but to raise taxes on the middle class, almost guaranteeing middle class business owners will feel the pinch one way or another, and they too will have to cut back on spending.

Many will simply close their doors for good.

According to Leonard Peikoff or the Freedom and Individual Rights of Medicine, in “Health Care is Not a Right,”, the U.S. government should have figured this would happen in the first place:

"So now everybody needs to be seen by a surgeon, nobody can pay for it, including the government. Not only that, but a recession is looming on the horizon."

Some will hail, "The person who signed this into law was a moron? We need to overhaul the system.”

Others will hail, “But, we can’t overhaul the system, because then the poor will no longer have free visits to the surgeon," and, “We need to keep the system as it is. Raise taxes!”

It will be a disaster, and we saw it coming.

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