Thursday, February 26, 2009

Obama Tax Raise: Looks To Raise Taxes On The Affluent To Pay For Health Care


Raising Taxes on the Rich is a good idea in general. The American People, through their government, have provided a system where individuals and corporations can convert their talents and efforts into wealth like no other place on Earth. That opportunity should be considered "pay to play" with taxes being the buy in to the game. If the wealthy don't like it they can move abroad and try to compete in other systems where hiding their wealth from the taxman would be the least of their worries.



Insofar as paying for Universal Single Payer Health Care by taxing the rich, I don't agree. A Universal Single Payer Health Care program would be best served by a slight, across the board, consumption tax. In a design like that everyone pays a little into the service every time they buy something, and you can do away with further problems of wealthier Americans claiming they carry the weight of Health Care for everyone. Tax the Rich for sure, but tax everyone for Universal Health Care so no one group can use their economic leverage to tamper with the system in the future.
Read the Article at HuffingtonPost

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