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Thread: Recession Ended in June 2009

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    Re: Recession Ended in June 2009

    Quote Originally Posted by Boo Radley View Post
    Some redistribution (of taxes and not wealth), not forgetting tax credits, but for most people, no new taxes at all. And I mean for the vast majority. Most upset will see no new tax at all. And if we're honest, that is what needs to be said, clearly.
    Everyone will be affected by the tax increases. For example, pharmaceutical and medical manufacturing companies will be passing their new higher taxes onto consumers by increasing the price of their goods. If you don't have insurance, you'll be paying higher prices. If you do have insurance, you'll be paying higher premiums. I know, I know... that obviously doesn't count because (insert excuse here).

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    Re: Recession Ended in June 2009

    Quote Originally Posted by Boo Radley View Post
    That is only for those who don't carry insurance, if I understand you. So again, this is trying to make something into something it isn't.
    No I am just correcting a statement that was made about taxes. I understand that the only way this plan works is for everyine to be insured. There are a number of people who choose not to be insured today. So making them buy insurance or pay a tax is an added expenditure for those folks. These are usually people in their 20's or 30's, healthy, few assets so they are willing to risk not have insurance.

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    Re: Recession Ended in June 2009

    Quote Originally Posted by washunut View Post
    No I am just correcting a statement that was made about taxes. I understand that the only way this plan works is for everyine to be insured. There are a number of people who choose not to be insured today. So making them buy insurance or pay a tax is an added expenditure for those folks. These are usually people in their 20's or 30's, healthy, few assets so they are willing to risk not have insurance.
    Asking them to cover themselves should not eb a burden. Believe it or not, many of them simply guess wrong. Young people do have accidents and get sick and then become a burden on all of us. Since we cannot know which young people will fall into this category, it is proper that all plan for the possibility. And if they become something long term as a burden, it is even more important that they plan in advance. This is the theroy behind insurance to start with. It isn't just for the old.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Recession Ended in June 2009

    Quote Originally Posted by buck View Post
    Everyone will be affected by the tax increases. For example, pharmaceutical and medical manufacturing companies will be passing their new higher taxes onto consumers by increasing the price of their goods. If you don't have insurance, you'll be paying higher prices. If you do have insurance, you'll be paying higher premiums. I know, I know... that obviously doesn't count because (insert excuse here).
    That's not different than before reform. Those taxes are also limited in scope and really should not effect much, but we have seen that these people raise prices anyway, and will do so without reform. This is why the public option made more sense, but scare tactics won the day. your side has more to blame on this aspect than anyone else.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Recession Ended in June 2009

    Quote Originally Posted by Boo Radley View Post
    Asking them to cover themselves should not eb a burden. Believe it or not, many of them simply guess wrong. Young people do have accidents and get sick and then become a burden on all of us. Since we cannot know which young people will fall into this category, it is proper that all plan for the possibility. And if they become something long term as a burden, it is even more important that they plan in advance. This is the theroy behind insurance to start with. It isn't just for the old.
    Again, look at my second sentence. I agree, however in a free society it is usually up to people to decide. If the HC plan was a single payor then we would not have to worry about this.

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    Re: Recession Ended in June 2009

    Quote Originally Posted by Boo Radley View Post
    That's not different than before reform.
    So, you're basically saying "medical inflation was going up prior to reform, so lets make it go up even faster". Very wise of you.

    Those taxes are also limited in scope and really should not effect much
    $2.3 billion/year tax increase on pharma and $2 bill / year on the medical device industry and 6.7bill / year on health insurance industry (11bill / year) - yeah, very limited. It wont affect a thing.

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    Re: Recession Ended in June 2009

    Quote Originally Posted by buck View Post
    Everyone will be affected by the tax increases. For example, pharmaceutical and medical manufacturing companies will be passing their new higher taxes onto consumers by increasing the price of their goods. If you don't have insurance, you'll be paying higher prices. If you do have insurance, you'll be paying higher premiums.
    Prices go up or down for a variety of reasons, not just yours. Trying to pin everything that's wrong with business on a 2 percent tax cut doesn't fly, or even get off the ground.

    ricksfolly

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    Re: Recession Ended in June 2009

    Quote Originally Posted by ricksfolly View Post
    Prices go up or down for a variety of reasons, not just yours. Trying to pin everything that's wrong with business on a 2 percent tax cut doesn't fly, or even get off the ground.

    ricksfolly
    Never said the prices would go up due to "just taxes". For example, premiums will continue increasing due to the increasing utilization rates, new technology/R&D, reforms (such as children to 26, no recissions, no pre-ex) , etc, etc. However, an additional 11+ billion dollar tax on health care industries is going to be felt. To claim that the additional taxes "won't affect much" is silly.
    Last edited by buck; 09-24-10 at 07:18 PM.

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    Re: Recession Ended in June 2009

    Quote Originally Posted by Boo Radley View Post
    Yep. And one you don't have to pay if you obey the law. Same as any other law.
    A law that is being challenged in court

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    Re: Recession Ended in June 2009

    Quote Originally Posted by buck View Post
    an additional 11+ billion dollar tax on health care industries is going to be felt. To claim that the additional taxes "won't affect much" is silly.
    All businesses pay taxes on their profits, including health care industries, been doing it long before I was born, so why is it an issue now?

    ricksfolly

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