There are several core principles liberals and conservatives disagree on. Liberals see the "investor class" as evil and greedy corporate goons that take advantage of the "hard working class" a.k.a. victims. A conservative sees the investor class and small business owners as job creators and the lifeblood of this economy.
Practically all liberals refuse to admit this bill is a stepping stone to a completely socialized medicine system. They are either extremely naive or a closet communist in my opinion. This bill will greatly increase taxes on small businesses which will in turn create an incentive for employers to dump their employs into the government system. The bill also has several anti-growth characteristics. For example:
1. Businesses with fewer than 25 employees that pay an average of no more than $40,000 will get a tax credit – up to 35 percent of the company’s share of their total health care premium.
2. Companies with 26-49 workers are unaffected. Businesses with 50-60 workers have a HUGE incentive to downsize.
3. Businesses with 50 or more workers must offer coverage or pay $750 per worker. That penalty applies for every employee if even one signs up for government-subsidized insurance.
Once companies dump their employees into this plan, other companies will have to follow suit in order to compete with their competitors’ lower costs. After this process is repeated we are left with a socialistic system which any economist will admit is bad news bears. I believe it is necessary in a struggling economy to promote small business growth in order to create jobs. This is a simple concept which makes it all the more frustrating when our peers refuse to accept its truth.
I am thankful for my health care coverage my parents have busted their butts to provide for me. However, ruining my health care won't improve the situation for people who don't have coverage and need our help. This country is in serious need of HCR but this bill is certainly not the answer.
Stiltz Out
No comments:
Post a Comment