Well, it's done....or is it???
If you think that a simple couple of votes will decide how 'all Americans gain healthcare coverage', I would suggest you wait until all the 'parties' speak. By that, I mean that there are significant non-direct voting constituents that are beginning to speak....and not so quietly. I'm not talking about the extreme Conservatives or Liberals meeting in the middle of the desert just for cheap air time in hopes of getting future votes.
I'm talking about the national economic & international economic forces that will help 'decide' how wise this initiative is. See http://http://www.msnbc.msn.com/id/36056819/ns/business-us_business/ Ok, so do you think that this maybe a better way to vote? How do you think that the investment community will receive this news? 1/3 of AT&T's earnings gone to healthcare??? Wow.
Will they take advantage of the situation? Sure...it's businesses way to 'vote'. However, these changes are REAL cost to companies and they will now have the ability of being STRUCTURAL TAXES that cannot be avoided. If you think that companies won't revisit their benefit plans, well...you're sadly mistaken. Forget the blabbering that politicians do...understand the true cost of this over reaching in Federal Government.
Don't get me wrong...I do believe that there needed to be some changes to allow for uninsured to gain coverage, but I believe it could be done in other ways of expansion in Medicare/aid, etc. without an entire overhaul.
I also believe that with the type of news I reference above that the market will once again take a nose dive once the entirety of this new level of taxation is understood on the planned earnings of companies. Remember that our retirements rely on this market now more than ever and we have all seen what has transpired through the tech bubble and then the housing mkt bubble that has yet to give its last gasp.
While this can be confusing to some, all you need to do is think through it step by step and the potential result is truly scarier than ever before. I'm not saying this as our politicians throw around 'armegeddon' comments, etc. These comments are based on basic economic / investment principles that will not ignore the structural tax issues that will increase for companies. This is not to mention the further structural Government debt change that will occur....do you think that the other International bodies will want to continue to buy our debt? Think again folks.....think again.....
More later on these potential impacts.....bottom-line: THINK PEOPLE....TIME IS NOT TOO LATE TO CHANGE.
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About Me
- Twoz2
- Grand Rapids, MI, United States
- Ted lives in Grand Rapids, MI and has just started putting this blog together with random thoughts & ideas...
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