Heath Bill in House of Congress Relies on Wealth Tax

Heath Bill in House of Congress Relies on Wealth Tax
Source: WSJ; By GREG HITT and MARTIN VAUGHAN; July 11, 2009

The CBO estimates the Health Bill will cost $1T over the next decade. The "Wealth Tax" will raise $540B over the next decade. That would leave Congress short by $460B (assuming the $1T is accurate). But don't worry, just think of all the money we'll save via preventative care and if we don't save it then we'll just add it to the Federal Credit Card. Yes, raise their taxes once in 2011, and then a second time in 2013. Don't worry, it'll only hurt a little bit.



If you don't believe the markets can solve the health insurance problem, then please read "How Safeway is Cutting Health-Care Costs". The article states, "At Safeway we believe that well-designed health-care reform, utilizing market-based solutions, can ultimately reduce our nation's health-care bill by 40%. The key to achieving these savings is health-care plans that reward healthy behavior."

And, of course, for the "give me a break" perspective, consider John Stossel's article: Insurance Is No Answer

While we're on the subject of piling up the Federal debts, this interview by Charlie Rose of Roger Altman is interesting: