tag:blogger.com,1999:blog-6529134976992185947.post1057266071295525311..comments2023-10-05T07:25:27.231-07:00Comments on Vulcan's Hammer: Raising Taxes on a Weak Economy.VHhttp://www.blogger.com/profile/02070864512034930080noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-6529134976992185947.post-38601637409003263532008-04-28T19:11:00.000-07:002008-04-28T19:11:00.000-07:00tashabud: I doubt it.tashabud: I doubt it.VHhttps://www.blogger.com/profile/02070864512034930080noreply@blogger.comtag:blogger.com,1999:blog-6529134976992185947.post-48495071444982832192008-04-28T02:24:00.000-07:002008-04-28T02:24:00.000-07:00You got me sold on this one. I wonder if it did th...You got me sold on this one. I wonder if it did the same to fiendish.tashabudhttps://www.blogger.com/profile/17707659728810975773noreply@blogger.comtag:blogger.com,1999:blog-6529134976992185947.post-13390021549382229462008-04-24T17:24:00.000-07:002008-04-24T17:24:00.000-07:00Fiendish,I don’t know if your last post was direct...Fiendish,<BR/><BR/>I don’t know if your last post was directed at me but I will gladly address your comments. <BR/><BR/>On your comment: “free healthcare and other social programmes will be recouped through the raising of taxes.” Yes, but how high must taxes be raised in order for this to be economically viable for 300 million people? And as I commented in the post, we have a tidal wave of baby boomers that are set to start retiring this year in great numbers. They will start drawing from federal coffers in greater numbers as years go by and we already know that we are going to struggle to fulfill their (social security and Medicare) benefits as prescribed under current law. Currently, we have about four workers per Medicare beneficiary. In years to come, that ratio will drop to roughly TWO workers for every beneficiary. This system is unsustainable. Now the scenario above doesn’t include a universal health care plan or what is to be done with the federal deficit. So, when Obama (or Hillary Clinton) goes through the list of massive social programs that he wants to implement, I know that he is going to attempt to raise taxes very high which will adversely affect economic growth. <BR/><BR/>On your comment: “Because less money will be spent on healthcare, the effect on average real income will be minimal.” Yes, this may be the case depending upon how much taxes go up for the list of programs being pushed by the Democrats. We see that in countries that have a universal health care plan, like Canada or <A HREF="http://www.csmonitor.com/2007/1019/p04s01-woeu.html" REL="nofollow">Britain</A>, a smaller share of GDP is spent on healthcare. But that is primarily due to those respective governments setting a strict budget ceiling for health care programs. This means that if Americans adopt universal health care, they are going to have to get used to <A HREF="http://www.city-journal.org/html/17_3_canadian_healthcare.html" REL="nofollow">some rationed care</A>.<BR/><BR/>While I understand that many people feel that it is just and beneficial if everyone is provided with health care by the government, there are examples where these government mandated programs end up being long on promise but <A HREF="http://www.cato.org/pub_display.php?pub_id=5871" REL="nofollow">short on the goods</A>. <BR/><BR/>As far as the uninsured, I hope that you will take the time to watch this <A HREF="http://vulcanhammer.blogspot.com/2008/03/who-is-really-uninsured-in-america.html" REL="nofollow">video</A>. It reveals that the reason and the cause of being uninsured is far more varied and not necessarily a wholesale indictment of our current health care system. That does not mean that I don’t believe reform is needed. There needs to be massive reform. But not to, in my opinion, healthcare systems that don’t work as well as they are advertised.<BR/><BR/>I appreciate your comments.VHhttps://www.blogger.com/profile/02070864512034930080noreply@blogger.comtag:blogger.com,1999:blog-6529134976992185947.post-14886005983499346112008-04-24T09:03:00.000-07:002008-04-24T09:03:00.000-07:00It is quite juvenile of you to hold fast to your c...It is quite juvenile of you to hold fast to your conservative view of economics without in any way addressing the points I made in my comment.<BR/><BR/>Kris: "If all they do is take more taxes, and then pay my healthcare, I am no further ahead than when I started." Absolutely. You won't be. The people who right now can't afford healthcare will be a lot further ahead, leading to a far more equal society.Fiendishhttps://www.blogger.com/profile/06427088675092430747noreply@blogger.comtag:blogger.com,1999:blog-6529134976992185947.post-78433692911160517332008-04-24T09:02:00.000-07:002008-04-24T09:02:00.000-07:00This comment has been removed by the author.Fiendishhttps://www.blogger.com/profile/06427088675092430747noreply@blogger.comtag:blogger.com,1999:blog-6529134976992185947.post-62058781518265843202008-04-23T21:27:00.000-07:002008-04-23T21:27:00.000-07:00Why is it so much to ask that one of the candidate...Why is it so much to ask that one of the candidates talk about fixing the most expensive mandatory entitlement outlays: Social Security, Medicare, and Medicaid? Atleast Reagan had the backbone to propose real changes in Social Security.<BR/><BR/>People are complaining about the economy now, saying it is as bad as the recession in the 1970s. But just wait to see how worse it will become if a dem gets into office.The Candid Conservativehttps://www.blogger.com/profile/15730468273711301892noreply@blogger.comtag:blogger.com,1999:blog-6529134976992185947.post-86381746951366436952008-04-22T23:13:00.000-07:002008-04-22T23:13:00.000-07:00Awww man..you had to put logic into the debate did...Awww man..you had to put logic into the debate didn't you! :^) Excellent post. I made some of the similar points when I did my guest blogging over at one of those liberal blogs!!! I still don't understand why those Dems just don't get it! Raise taxes, revenues go down, unemployment goes up, inflation goes up. Lower taxes, revenues go up, inflation goes down, and unemployment goes down. Taxation 101!BoBohttps://www.blogger.com/profile/03900686008055661054noreply@blogger.comtag:blogger.com,1999:blog-6529134976992185947.post-32616127424724425542008-04-22T23:08:00.000-07:002008-04-22T23:08:00.000-07:00Thanks to all for your comments.Kris, I agree with...Thanks to all for your comments.<BR/><BR/>Kris, I agree with you. There is no way that this country is going to adopt a long laundry list of social programs or expand on existing programs by attempting to raise taxes to pay for it all. Not as long as GDP growth is flat and we have huge deficit. Additionally, if our trade policy turns protectionist, that will only compound the problem.VHhttps://www.blogger.com/profile/02070864512034930080noreply@blogger.comtag:blogger.com,1999:blog-6529134976992185947.post-47432601866194470652008-04-22T10:42:00.000-07:002008-04-22T10:42:00.000-07:00There is no doubt that Obama's plan is modeled aft...There is no doubt that Obama's plan is modeled after "left-wing economics", and what that comes down to is that he wants the government to take more money from my pocket! If all they do is take more taxes, and then pay my healthcare, I am no further ahead than when I started.<BR/><BR/>Either democrat now running for office will surly raise taxes--and that will affect everyone, not just the "rich" as they claim.<BR/><BR/>There is no way for all of the programs proposed by Obama (or Clinton for that matter) to be paid for without a substantial raising of taxes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6529134976992185947.post-51813613330788541422008-04-22T06:42:00.000-07:002008-04-22T06:42:00.000-07:00The points made here are simplistic.Obama's plan i...The points made here are simplistic.<BR/><BR/>Obama's plan is modelled on left-wing economics, on the theory that the money spent on free healthcare and other social programmes will be recouped through the raising of taxes. <BR/><BR/>Thus, because less money will be spent on healthcare, the effect on average real income will be minimal.<BR/><BR/>You're coming at this from a right-wing perspective, which is fine, but you're allowing it to cloud your sense of fundamental economics.Fiendishhttps://www.blogger.com/profile/06427088675092430747noreply@blogger.com