Originally Posted by ScotchAndCigar
Number one, you have no clue what socialism is. Secondly, nobody's giving more tax money to the lower class. A recession puts more people on govt assistance, simple as that. It's not coming from any increased taxes, because there have not been any tax increases. As employment goes up, and the economy continues to improve, then welfare roles decrease. It's not tied to how much we're taxed.
Our taxes are used to pay down the debt. Tax rates have always been graduated, however due to GW Bush, they mysteriously stop graduating at higher incomes, which contributes to the debt. Much of this country agrees that the upper tax rates need to be restored, there's nothing socialist about it. The more you make, the higher the rate. Why should someone making $150k pay a higher rate than one making $50k, but at $300k it's the same rate as $150k? You make it sound like Obama's doing something different than what we've had for 100 years, and he's not.
The health care reform is a remedy to skyrocketing premiums. Presently, we are all paying for the millions of uninsured who get emergency room care, in the form of higher premiums. The reform requires that those uninsured people now pay into the system, so they can stop freeloading off us. How the hell is that socialist? Is Mitt Romney a socialist? He passed the same thing in Massachusetts. Try reading up on the issues before posting.
The thing you have to take into account is the mandate. Ive said it like a broken record on the forum and no one seems to care. It will put many out of business. Simple as that. this will hurt the economy and lower tax revenue. Instead of arguing arbitrary ideas of fairness, I tend to be more of a pragmatist. Again, not anecdotal evidence. Its real. Its going to happen. Those who are good at business and finance tend to account for policies that will happen in the future to see the result personally, its not pretty.