HEALTH CARE AGAIN
By Kermit C. Moss
Mercy me, sakes alive, and carrot coffee! I just watched a prime time TV program in which the Republican speaker perhaps told the truth, but what he said and/or implied was a far cry from “the truth and nothing but the truth“!
He loudly and quite forcefully opined that the health care changes, as now planned and/or envisioned by congress would not decrease total health care costs. But what he failed to report was that the plans would restructure the payment of those costs such that some pay more, some pay the same, and some pay less!
Those who are to pay more are the very rich, those making $320,000 or more per year. The speaker spoke of this as penalizing the successful, but the truth is that many of these people have never hit a lick at a snake, nor in any way “earned” this money! They simply got it through inheritance.
They get it through capital gains, and dividends on the capital stock that they own, and 85% of all such securities in the USA are owned by the top 10% of American families! And the top tax rate on long-terms gains and qualified dividends is set at a maximum of 15%.
Successful my elbow! Successful at what? Only at holding on to and gaining more wealth, while others pay higher taxes!
Kermit C. Moss
PO Box 1136
Monticello, AR 71657
PH:
870-367-2486 - office
870-367-7034 - home
July 18th, 2009
