Showing posts with label Taxes. Show all posts
Showing posts with label Taxes. Show all posts

Friday, October 30, 2009

A few draft-versions of health care reform have been offered since this spring; all of them have had one thing in common. Conservative pundits have done a great job of highlighting a commonality in all of them: 2013. The regulations limiting freedom in choice will begin in 2013. So much for the plea that we need reform now!

Commentators have forwarded the notion that those in leadership now facing re-election in 2012 will be, beating the ill effects of government-controlled healthcare as they are not implemented for another year. I consider this "Plan A."

Politicians like Nancy Pelosi (D-CA) and other liberal congressman have little to fear. The districts they are elected from will continue to elect them. Voters in these locales have drunk the Kool-Aid. The only thing that matters is that we are one step closer to Universal Healthcare. Any problems with the new will be moot. As President Obama says at every option, "this is not a perfect bill. But it is a step closer..."

Plan A relies on the Democrats being re-elected en masse under the belief that they were successful in causing reform. And it any loss of seats or control would come after 2013. Kind of a drive-by lawmaking. Consequences be damned, the change enacted.

Plan B relies on realization that over the next three years, enough light will be shed on aspects of the bill. "Regular" people will be so upset with the unintended and intended consequences alike that they vote out the Democrats in 2012. Given enough time - a single election cycle is a lifetime - the assumed new Republican majority will pegged with causing any downsides relating to the healthcare regulation. In 2016 another Democratic sweep will take place as the Fourth Estate successfully paints the Republicans responsible.

Don't think it is possible? It worked for No Child Left Behind (NCLB) and W. My wife gets all the Union magazines for educators. Every issue contains how George Bush messed up the law or wasn't funded properly. There is no mention of NCLB's author, Ted Kennedy! Never mind that the president neither writes legislation nor controls the "purse strings."

Plan A is the optimal option, it keeps power going. Plan B, less desirable, is still suitable for the Dems. They have a scapegoat for the complications which will reverberate through America on all levels. 2016 isn't too far away for them.

Thursday, October 22, 2009

Where Does It Stop?

The Pitchforks and Torches Are Raised into the Air


In the past day, the Obama Administration released its preliminary findings regarding the compensation of CEOs of companies receiving Troubled Assest Relief Program (TARP). The executives will be, if the plan as proposed remains, will have 90% of their compensation snatched back by the federal government. The "Pay Czar" can arbitrarily set the pay of private businesses - some of which were forced to take TARP money.

Where does the Pay Czars reach end?

No one thought they would go below middle management, but the Fed admonished of the horrible misdeed in giving mail room, file room, and kitchen employees bonuses. The likely non-salaried, lowest on the proverbial totem pole, are being slammed for receiving up to a few thousand dollars.

Sure, Rush Limbaugh questioned will dealings with the government, such as Lockheed-Martin selling jet engines, constitute "taking tax payers money" and therefore, allow the bony fingers of Uncle Scrooge into Lockheed-Martin's day-to-day compensation? This is why Home Depot just a few years ago welcomed government shoppers but required they pay in cash. It was a way to keep the requirements and constraints from hamstringing the "Big Box" retailer.

Where does it government's reach cease?

In Minnesota Legislators could not successfully determine what and how welfare recipients spend our taxpayers money. They willingly - have to seek out - accept said subsidies from the government, but have very little responsibilities with our money.

Then there are corporate subsidies. Taxpayer monies such as Tax Increment Financing (TIF) are doled out for sports teams, retailers and corporations. Can governments at all levels, now determine how employees of Target or the Twins or Honeywell - from the top down - are compensated? Will the Pay Czar determine bonus amounts or even if they are paid out at all?

I Haven't Even Gotten to the Most Frightening Aspect

We do not know how far the government will go. We can only speculate at this time.

Allow me to speculate. Several weeks ago I posted the text of a bill attempting to "save" the printed press. The newpapers would become non-profits. The would also become tax-exempt in some cases. The would be free from tax liability. Would the government stop at determining compensation? As Obama did with his car company, would the Administration install "their" editor?

The class-envy slope can be the slipperiest!

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