Taxing the rich?

Is there anyone else out there that sees that it is just not mathematically possible that only the rich will be able to pay for all of the entitlements that we are all getting? The cost of universal health care, as determined by the CBO states that $1.5 trillion, will be covered, as proposed by The House Speaker, Nancy Pelosi, by taxing millionaires. Well I suppose that she and her staff didn't really look into how much that was going to net the government, just $554 billion. The other $1 trillion would come from government savings?!?! "Government savings," isn't that the classic definition of oxymoron?

Under this socialistic plan, no one will become rich in America any longer! That is a travesty. America was built on entrepreneurship and free enterprise. The ability to become anything that you wish no matter where one started. This administration is stifling these values.

If you do not wish to look to the problems in the Canadian Health Care System, all one has to do is to look at the Massachusetts universal health care. According to The Pacific Research Institute and the CATO Institute, it is going to cost $13 billion this year to cover the costs, that is $595 million more than it spent in 2006 when the commonwealth care started, a 42% increase! Additionally, there are long waiting lines to see doctors, since 1/2 of the newly insured since 2006, are under this commonwealth health care, and doctors do not want to get paid the lower rates thus they don't want to see them, they then go to the emergency room, at a rate of still 23%; which has not lowered since the plan was enacted. So expenses still rise, after all emergency room visits are expensive.

I will talk about Cap and Trade in my next blog.