While our politicians are dancing around the financial cliff, what is
kicking in on the ground is a nasty tax regime grossly gamed by a
rent seeking insurance industry that has managed to force themselves
into the game. No public bureaucracy in the world would create a
medical delivery system so overpriced and out of control. It really
is that bad.
Now it rides in and will tax directly to feed its appetites. This
article may be over the top, but this has put huge uncertainty into
the economy while causing a restructuring of how the bottom third of
the population get paid. As this spells out, they will be doing a
lot of hurting.
The hard reality is that the US medical delivery system is moving to
a tipping point in which financial collapse becomes inevitable. The
leverage has been hidden but has bled the system dry. There will be
a steady rise in defaults after a brief boost in inflated revenues.
The medical industry will learn that they must provide the service
while a decreasing proportion of the population will pay.
Cause and effect:
Americans who voted for Obama now seeing weekly job hours slashed
below 30 as Obamacare kicks in
Wednesday, December
12, 2012
by Mike Adams
(NaturalNews) It is
the ultimate example of how you reap what you sow: Huge numbers of
American workers who voted for Obama are now seeing their own jobs
slashed below 30 hours a week as employers desperately try to avoid
"Obamacare bankruptcy."
Obamacare
mandates for businesses only apply to those working 30 hours a week
or more, and while many businesses do not want to cut workers' hours,
they are being forced to in order to stay afloat. This necessary
action is causing businesses to lose money and become less
competitive while at the same time destroying American jobs.
Some
businesses are also slashing job positions in an effort to get below
the 50-employee threshold above which Obamacare mandates kick in. So
across the country, we're not only seeing workers lose hours thanks
to Obamacare; we're also seeing workers losing their jobs.
But the Obama
administration will announce these results to be a huge "job
creation success!" because workers must now find two
part-time jobs that usually pay less than the one full-time job
they used to have. The raw job numbers, however, will be spun by the
White House into a victory pronouncement of "twice as many jobs
exist now!"
Be careful what you
vote for
A note to Obama
supporters: When you thought you were voting for "free health
care," you were actually voting to get yourself "downsized."
Your vote was an act of economic suicide. That's because no
government can force a business to pay for something that will put it
out of business. When government mandates become too expensive for a
business to afford, it will simply stop conducting business and
that means cutting jobs or job hours.
Imagine: If Obama
announced a new initiative called "double pay for all workers"
and made it a federal law, he would of course win another popular
vote. But employers wouldn't be able to afford the double pay
mandate, so they would start slashing jobs or offshoring jobs, and
that's exactly what we see today. Every employer in America is right
now asking himself these three questions in order to stay above
water and not go bankrupt:
#1) How can
we slash workers to under 30 hours a week?
#2) How can we
offshore jobs to India or other countries?
#3) How can we cut
our total number of employees to under fifty?
This is the
upshot of Obamacare: the destruction of America's small
businesses.
The largest businesses
pay almost no tax
At the same time small
businesses are struggling to afford Obamacare, mega-corporations like
Google are proudly announcing they're paying only 3.5% in
taxes thanks to a complex array of global tax-shifting
strategies with names like the "Double Irish" and "Dutch
Sandwich." As Bloomberg recently reported:
Google Inc.
(GOOG) avoided about $2 billion in worldwide income taxes in 2011 by
shifting $9.8 billion in revenues into a Bermuda shell company,
almost double the total from three years before, filings show. By
legally funneling profits from overseas subsidiaries into Bermuda,
which doesn’t have a corporate income tax, Google cut its overall
tax rate almost in half. The amount moved to Bermuda is equivalent to
about 80 percent of Google’s total pretax profit in 2011.
So while
Google, one of the wealthiest corporations in the world, pays just
3.5% in TOTAL tax, small businesses across America find themselves
paying 30%, 40%, even 50% of their earnings in total taxes, including
FICA, social security, inventory tax, capital gains and now Obamacare
surcharges and taxes. This is how Obamacare works: Protect the
corporate giants while socking it to small and medium-sized
businesses.
Obamacare is
gutting America's economy and throwing a wrench into the economic
machinery that keeps America working. You know why service is so slow
at retailers these days? Because Obamacare forced the employer to
slash workers' hours. Why do car parts take so long to order and
deliver? Because Obamacare gutted the human resources of the parts
manufacturers. Why is everything becoming slower, more expensive and
more frustrating across the economy? Because Obamacare mandates have
forced employers to downsize or lay off their most productive
workers.
I ask: What
good is a health insurance mandate if it destroys your job in the
process of being enforced?
Obamacare supporters
have little understanding of economic reality
The simple truth of
all this is that economics is a subject best left to those people
capable of understanding mathematics, and that precludes the vast
majority of voters of either political party. Mathematically
speaking, Obama's so-called "mandate" isn't even a real
mandate: Less than half of eligible voters actually voted in this
recent election, and barely half of those voted for Obama. This means
that roughly 75% of eligible voters didn't vote for Obama, yet
they must suffer under his economic policies which are based in pure
fantasy and delusion.
Obama has zero
business experience. He has no clue how economics really works and no
knowledge of how to run a successful business, much less the
executive branch of government. I know what it takes to create
multi-million-dollar companies because I've done it successfully and
repeatedly, and I can assure you that the economic policies currently
being pursued in Washington will only destroy jobs, destroy
America's economy and destroy our economic future.
Democrats, it
seems, believe the solution to all this is to make taxpayers pay even
more money to the federal government. As we are told by the
lamestream media, apparently the only reason the economy isn't
celebrating a rapid expansion right now is because workers and
businesses are allowed to keep too much of their own incomes. If only
Washington D.C. had more of your money, they would use it more
wisely, we're told, and fix all our problems. Obamacare is just the
beginning: power-hungry zealots like Obama have plans for
centralizing control and running everything in your life: health
care, food choices, educational choices, private property, energy
consumption, home gardening and anything else you might imagine.
So rather than
thinking of ways to cut cancerous government out of the economy like
a deadly tumor, the people who run the government can only imagine
variations of ways to keep expanding it. (This is true across
both Republicans and Democrats.) Government expansion necessarily
requires an expansion of confiscation from businesses and
workers. This action, of course, destroys international
competitiveness and American jobs.
How to really create
economic abundance in America
It's all cause and
effect, folks. If you really want to uplift America's economy, create
millions of quality jobs and put the kind of money into the
hands of workers that can help them afford private health insurance,
you've got to slash the size of government by 80% across the
board. Let businesses and workers keep 80% of what they normally send
to Washington. With that kind of money in their pockets and bank
accounts, workers would EASILY be able to afford health insurance.
They would also spend their newly-expanded discretionary incomes on
all sorts of products and services that would be a boon to the
economy.
Government, you see, is the eternal enemy of economic
prosperity. Government has been and always will be a parasite on
the economy. Obama and his worshippers don't understand economics.
They don't understand what it takes to create abundance out of hard
work, dedication and honest savings and investment. It's all summed
up in Obama's atrociously insulting quote, "If you have a
business, you didn't built that... somebody else made that happen!"
That's a lie.
Government builds nothing. It only destroys that which others have
built. And Obamacare has succeeded in only one thing: the "scorched
Earth" destruction of American jobs and the rapid erosion of
economic prosperity.
If you voted
for Obama and you're now unemployed or had your hours cut, you are
getting a first-hand view of economic cause and effect. I'm
not saying Romney would have been any better, because he was just
another Goldman Sachs puppet. The real solution to all this is Ron
Paul, who wanted to slash the size of government and send people's
money back home so they could spend it the way they choose instead of
having a bunch of over-fed, over-paid bureaucrats spending their
money in D.C.
Instead of
blaming Obama, of course, the vast majority of the
recently-unemployed will blame their employer! "How
dare you cut my hours!" they will scream, oblivious to the fact
that their employer did NOT want to cut their hours but was
forced to by a cabal of economic morons in Washington who are
dismantling America's economy one piece of legislation at a time.
Putting
Democrats in charge of the economy is kind of like putting
kindergarteners in charge of nuclear missiles. The outcome can never
be good... a lot of people are going to get hurt... and somebody else
sooner or later has to clean up the mess.
In four years, things
will be far worse
As bad as you might
think things are right now, in four more years under Obama, they will
be far, far worse.
Unemployment
will continue to rise. Millions more Americans will desperately turn
to food stamps. Crime waves will hit cities like Detroit, Chicago,
New York and Los Angeles. Homelessness will spread, and people who
used to have one good job will find themselves working two or three
part-time jobs instead, none of which offer real benefits.
Like a heroin
addict who can't quit his cycle of self-destruction, the Obama
administration will then insist, two or three years from now, that
the problem is caused by government still not confiscating enough
money from taxpayers and small businesses. The call for raising more
taxes, growing more government and dictating economic policy to the
nation will be parroted across the lamestream media.
In the end,
the system will collapse. When that day comes, don't be anywhere
near a large U.S. city. The reasons for that will be discussed in an
upcoming article right here on Natural News.
http://www.naturalnews.com/038319_Obamacare_unemployment_work_hours.html#ixzz2EuSz9rzh