An interesting point of view. And you make a good arguement. Except you point out why it won’t work as you have laid out.

Yes the top incomes of America provide the jobs and ability for everyone else to work and make an income. They are the pivotal tool to keeping the economy running. And right now thy pay some 45%+ of their income to taxes.

If everything is passed as has been stated, the top incomes will be paying over 55% of their income to taxes. That missing money has to come from somewhere. Inevitably that means jobs and business growth. Or inflation as the average joe has to pay more for them to maintain what they have now. Either way, the public loses.

That does not take into account that the health care plan costs more than taxes will provide. It does not account for the Government forcing people to take its plan or else. The or else being hit with taxes. The very people who can least afford to pay them.

And the plan includes higher taxes for those not in the top 5% of income. In fact it can include those as low as around $80,000. Hardly rich. It might even include those of far lower brackets if you include the results of VAT and national surcharges.

I don’t call that Robin Hood. I do call it Robber Barrons. And it’s the Government that’s doing it.

But even that might be worthwhile if we could be assured of the quality of the health care received for this enourmous cost. But there is no guarantee. In fact it looks to be even worse than the current system. Which means the poor would be hit with fewer jobs, fewer hours, more taxes, and inferior health care.

It’s easy to say that if you take from people that worked hard to earn what they have others that have not done the same will benefit. But nothing happens without a repercussion. Democrats took from the future of our children for a stimulus plan that only advocates social change. The repercussions of that has been greater foreclosures, greater unemployment, and even those in need getting less of a chance to feed their families via Government aide.

The fact is that the Government has the least ability to run anything efficiently. It has the least knowledge of how to help anything except itself. That is a fact that history has told us about every Government. The Democrats and the Obama Administration are no different. IF they were I doubt they would lie to the public as they have.

Health care reform is a great idea. But having the Government involved in every step is the worst solution since President Obama promising that the stimulus plan no one has read would improve the economy.

Vigilante Says:
July 17th, 2009 at 1:34 am e
It’s the most blatant form of Robin-Hood economics ever proposed. The House of Representatives’ universal health-care bill, announced yesterday, pays for the health insurance of the poorest 20 percent of Americans who need help affording it with a tax surcharge on the richest 1 percent.

I don’t remember a redistribution this direct ever coming out of Congress. I mean, occasionally Congress closes a few tax loopholes at the top and offers a refundable tax credit to people near the bottom. Or creates a poor people’s program like Medicaid, paid for out of general revenues from a progressive income tax. But to say out loud that those in our society who can most easily afford it should pay for health insurance of those who can not is, well, audacious.

There’s another word for it: fair. According to the most recent data, the richest 1 percent of American households now take home about 20 percent of total income, the highest percentage since 1928. Now, yes, I know: Critics will charge that these are the very people who invest, innovate, and hire, and thereby keep the economy going. So raising their taxes will burden the economy and thereby hurt everyone, including those who are supposed to be helped.

But there’s no reason to suppose that taking a tiny sliver of the incomes of the top 1 percent will reduce all that much of their ardor to invest, innovate and hire in the future. Yet if this tiny sliver means affordable health care for a far larger number of Americans, they’ll be able to get regular checkups and thereby stay healthy and productive. And a more healthy and productive workforce will do far more to build the American economy.

One other virtue of this funding mechanism is its simplicity. A surtax is simple to administer. And the whole idea is easily understood.

Tax the very wealthy to keep everyone healthy.

Not even a bad bumper sticker.