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Read My Lips: 18 New 'Obamacare' Taxes

Tyler Durden's picture


Don't worry, the 'fiscal cliff' will all be taken care of; have no fear, the market AAPL will hold up into the election to sustain Obama's hope-and-change; and, as The Heritage Foundry blog reports, in that change, there are 18 new tax hikes on their way via Obamacare.

Not only did the President and his partners in Congress take $716 billion out of Medicare to pay for Obamacare, but they also raise taxes by $836.3 billion to pay for it, with $36.3 billion hitting Americans in 2013 alone. Here’s the Congressional Budget Office (CBO) and Joint Committee on Taxation‘s (JCT) updated cost of the Obamacare tax hikes and penalties.


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Tue, 08/21/2012 - 12:03 | 2724038 LawsofPhysics
LawsofPhysics's picture

Read my lips; that which cannot be sustained, won't be.

Tue, 08/21/2012 - 12:11 | 2724070 hedgeless_horseman
hedgeless_horseman's picture



I just forwarded this to our 49 employees as further clarification on why we no longer pay for their health insurance.

We could pay twice, but why?

Tue, 08/21/2012 - 12:13 | 2724076 Manthong
Manthong's picture

It’s just a good thing that new, higher tax impositions always produce the projected treasury revenue results.

Tue, 08/21/2012 - 12:20 | 2724103 malikai
malikai's picture

Just think of all the money we're saving!

Tue, 08/21/2012 - 12:22 | 2724112 Vincent Vega
Vincent Vega's picture

Free healthcare for everybody! ye ha

Tue, 08/21/2012 - 12:27 | 2724123 Dalago
Dalago's picture

"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. It is it’s natural manure."  - Thomas Jefferson; letter to William Stephens Smith, November 13, 1787


USA needs a healthy revolution towards Liberty, again.

Tue, 08/21/2012 - 12:29 | 2724130 francis_sawyer
francis_sawyer's picture

18?... Someone goofed... It was 'supposed' to be '19'...


Tue, 08/21/2012 - 15:08 | 2724867 LMAOLORI
LMAOLORI's picture






Sen. Lieberman Caught Passing Inside Info To Hedge Funds


When Senate Democrats finally brokered a compromise over the proposed health-care law, a group of hedge funds were let in on the deal, learning details hours before a public announcement on Dec. 8, 2009.

The news was potentially worth millions of dollars to the investors, though none would publicly divulge how they used the information. They belong to a select group who pay for early, firsthand reports on Capitol Hill.



Daily Bail


Investors in Health Care Seem to Bet on obama


Who is going to win the presidential election?

You might want to ask Mark T. Bertolini. He just bet $5.7 billion on President Obama.

 Mr. Bertolini is the chief executive ofAetna [AET  Loading...        ( )    ], which on Monday agreed to acquire Coventry Health Care, a huge provider of Medicare and Medicaid programs. His $5.7 billion bet makes a lot of sense if you believe that the Affordable Care Act — otherwise known as Obamacare — will not be repealed.

 Mitt Romney has pledged to repeal the act "on my first day if elected," so any gamble that Obamacare stays intact could be fairly described as a wager that President Obama will remain in office.



Tue, 08/21/2012 - 12:40 | 2724172 spastic_colon
spastic_colon's picture

hmmmm....i know....i can just save money by being healthier under this plan!.....oh wait, no i can't!  i will still be penalized, oh well, another big mac please!

Tue, 08/21/2012 - 18:04 | 2725477 JPM Hater001
JPM Hater001's picture

Thinking about a letter to the Editor for the last paper in 2013-

Jan 1 I will be on the carmichael bridge...un-insured.  If youa ren't sure which one is me I will be the one smoking a big fat joint.

Tue, 08/21/2012 - 12:46 | 2724198 surf0766
surf0766's picture

If I help him , he gonna help me.

Tue, 08/21/2012 - 14:00 | 2724554 A Nanny Moose
A Nanny Moose's picture

Only government solutions would involve raising revenues by taxing something it wishes to discourage. Tobacco, comes to mind.

O'Bamacare is just a response to the failure of government "solutions"

Tue, 08/21/2012 - 14:30 | 2724698 Zymurguy
Zymurguy's picture

#5 - tax on those who don't purchase healthcare ins.

Um, how can you tax something that wasn't purchased in the first place?  Or is it a penalty to attempt to force someone to purchase something against their will?

Obamacare banking on things like penalties and fees.  Shame the CBO doesn't report on the feasibility of these schemes.  They only check the math, not the numbers plugged into the equation.


Tue, 08/21/2012 - 15:07 | 2724880 arby63
arby63's picture

I am still curious how big gov is going to squeeze blood from a bunch of turnips.

Wed, 08/22/2012 - 10:01 | 2727028 Ar-Pharazôn
Ar-Pharazôn's picture

funny thing.....


i didnt know what turnips are so i translated it with google translator


guess what?


turnips translated in italian is RAPE


Tue, 08/21/2012 - 16:04 | 2725081 yrbmegr
yrbmegr's picture

One word: mortgage.

Tue, 08/21/2012 - 19:03 | 2725596 SAT 800
SAT 800's picture

"ObamaCare is just a failed government "solution"; there, fixed it for ya.

Wed, 08/22/2012 - 10:01 | 2727034 Ar-Pharazôn
Ar-Pharazôn's picture

dont call it solution plz :P


that's one of the biggest problem USA will have to face next decades

Tue, 08/21/2012 - 12:49 | 2724209 e2thex
e2thex's picture

Which tax item is PERSONALLY impacting you ?

Tue, 08/21/2012 - 13:40 | 2724466 SoCalBusted
SoCalBusted's picture

All of them

Tue, 08/21/2012 - 16:33 | 2725210 e2thex
e2thex's picture

Thank you. 

None of them.

That was my point.

Tue, 08/21/2012 - 18:05 | 2725481 JPM Hater001
JPM Hater001's picture

You need to pay more attention.

All taxes are paid by the people.

Tue, 08/21/2012 - 19:04 | 2725598 SAT 800
SAT 800's picture


Tue, 08/21/2012 - 14:06 | 2724579 A Nanny Moose
A Nanny Moose's picture

Whatever are you saying?

Tue, 08/21/2012 - 16:35 | 2725220 e2thex
e2thex's picture

What don't you understand in my question?

Tue, 08/21/2012 - 15:36 | 2724969 StreetMoney21
StreetMoney21's picture

Very true statment indeed. I looked at the list and none of the increases apply to me. I don't have a caddy plan and my income is less than 200K and I have no employees so I guess I am straight for now. lol. 

Tue, 08/21/2012 - 16:40 | 2725237 e2thex
e2thex's picture

Our taxes will rise regardless of who sits in the oval office in January.  Right now people aren't readin' the copy.   


Wed, 08/22/2012 - 10:04 | 2727044 Ar-Pharazôn
Ar-Pharazôn's picture

can you plz shut the fuck up idiot.




that is CLEARLY the most affected by these taxes

Tue, 08/21/2012 - 12:04 | 2724042 DoChenRollingBearing
DoChenRollingBearing's picture

The Bank of DoChenRollingBearing is buying more gold today.

Tue, 08/21/2012 - 12:09 | 2724060 NidStyles
NidStyles's picture

Buy some for me as well, I'll be buying Silver for the both of us. 

Tue, 08/21/2012 - 13:48 | 2724500 bobnoxy
bobnoxy's picture

Nice technical breakout on top of stellar fundamentals. Looks like a perfect opportunity...for a massive J.P. Morgan short program to kick in.

Tue, 08/21/2012 - 12:14 | 2724085 EvlTheCat
EvlTheCat's picture

Today????  The Bank of DoChenRollingBearing needs a new investment manager..

Tue, 08/21/2012 - 12:23 | 2724117 DoChenRollingBearing
DoChenRollingBearing's picture

Our Bank has been buying gold for decades, with the same investment manager since 1983.  You must be young...

Tue, 08/21/2012 - 13:32 | 2724426 EvlTheCat
EvlTheCat's picture

It was a joke and they say you are only as young as you feel.  Considering the price spike from yesterday to today, a purchase admission deserves a ribbing.

Tue, 08/21/2012 - 12:05 | 2724043 not fat not stupid
not fat not stupid's picture

Dammit why did they fool with a health care system that was working just fine. Envy of the world.

Tue, 08/21/2012 - 12:05 | 2724049 Dumpster Fire
Dumpster Fire's picture

I think you have your answer.

Tue, 08/21/2012 - 12:09 | 2724059 john39
john39's picture

not really... in the U.S. we spend much more in relative terms on healthcare, but will mediocre results compared to other countries.  the truth is the big pharma and the insurance companies have created an 'illness managment' system that simply makes money of the chronic bad health of Americans, rather than focus educating people about what is really causing their poor health.  all about money.  insurance companies play along... and the big food industry is right there too peddling crap food to overworked struggling americans who don't have the time or the money to feed themselves properly.

Tue, 08/21/2012 - 12:29 | 2724135 Gully Foyle
Gully Foyle's picture

More like people who don't choose/care to feed themselves "properly".

I rarely see anyone bitch about the organic food scam where people pay double for a product with no benefit over it's non-name brand sibling.

Tue, 08/21/2012 - 12:34 | 2724148's picture

Enjoy your bovine growth hormone, but I prefer my milk neat.

Tue, 08/21/2012 - 12:36 | 2724156 johnQpublic
johnQpublic's picture

supporter of the obama hunger insurance program?

i would like to sell you some hunger insurance. Are you insured against hunger? Perhaps you should be! Without this coverage, you may find it impossible to continue to afford feeding yourself and your family. With this coverage, not only will you be assured of continuing to get at least some food, but so will I. In fact, thanks to this plan, I will get to eat very, very well indeed.



see cluborlov for the rest

Tue, 08/21/2012 - 12:39 | 2724171 pazmaker
pazmaker's picture

BINGO!!  We have a winner!!!

Tue, 08/21/2012 - 13:54 | 2724524 PSEUDOLOGOI

results compared to other countries? 

Are you so frikin naive?????? 

these "reported results" are total BS as reported by other countries.

For example, in order to count as a live birth in Ukraine, the baby has to live for 30 days...

My birth certificate was issued exactly 30 days after I was born.

Now if I had dies AFTER 30 days, it would count towards infant mortality as Ukraine would report it.

If I had died prior to 30 days, it would have been as if I was never born, therefore never reported in the mortality rate.

This is a DIRECT, personal example I can provide you right off the top of my had.  There are MILLIONS more on every imaginable healthcare statistic being "reported" to WHO and other beurocratic, socialist organizations.

On another point:  The sad thing now is that as a result of Obamacare, the USAA will soon begin fudging it's healthcare reportings and watch how USAA propels to #1 on the WHO list.... why?  well, the obamacare passage has to be justified and celebrated.  and USAA already fudges all the other reported numbers.  let's not leave healthcare behind...

Tue, 08/21/2012 - 14:11 | 2724611 johnjkiii
johnjkiii's picture

A. It is the Government that put in place the rules that "big pharma & the Insurance Companies" operate by. Indeed, the hospitals participate in the same schemes perpetrated by the Fed & State governments. 

B. Neither big pharma & the Insurance Companies are Public Utilities. They operate as for-profit companies for the most part. Kaiser is allegedly a non - profit. They use the same rules to price their product.

C. The problem is based on a faulty business model that fosters overcapacity in every aspect of the industry, yet no-one is held to a basic standard of pricing: Published prices so the consumer can determine where and with whom to do business. If all phases of health delivery were subject to the same economic standard as other businesses, much of the cost duplication would disappear.

D. As an example, hospitals charge an average cost of the entire hospital operation for each patient they treat. These charges are calculated to take into consideration the discounts they are forced to give insurers. If there is a hospital that has a normal 50% occupancy rate, this raises the price to customers. regardless of whether the services they offer are used or not.

Obammy care will drive up insurance costs & taxes, reduce care as do other government run systems and we will gain only experience.

Tue, 08/21/2012 - 12:20 | 2724102 kridkrid
kridkrid's picture

It wasn't working fine, it was a complete mess. The problem with obamacare is that we are simply getting more of what made it a mess in the first place. Someday this war's going to end... (explosion and scene).

Tue, 08/21/2012 - 15:12 | 2724901 redd_green
redd_green's picture

Yeah, the ultimate stupidity, brought to you by the test case RomneyCare:   if someone can't affford insurance, so doesn't buy it, then .... give them a hefty fine.   That's stupidity in action.   Who benefitted?    The big health insurers got a nice subsidy.

Tue, 08/21/2012 - 13:36 | 2724446 El
El's picture

That is what government does. It gets in the way and it breaks things.

Tue, 08/21/2012 - 15:10 | 2724893 redd_green
redd_green's picture

Working just fine?   Heh, yeah,   Get back to your crack pipe.

Wed, 08/22/2012 - 10:06 | 2727056 Ar-Pharazôn
Ar-Pharazôn's picture

envy of the world LOL


i live in Switzerland and believe me, i would not change even if you pay me my swiss healthcare!

Tue, 08/21/2012 - 12:06 | 2724051 Robot Traders Mom
Robot Traders Mom's picture

"There are 18 new tax hikes on their way via Obamacare"


We'll have 18 new taxes no matter which one of these clowns win in November...

Tue, 08/21/2012 - 12:22 | 2724108 john39
john39's picture

republicans talk a good game about obama care...  but they will do nothing to get rid of it, even if Romney wins....  full fascist control of the health care industry (i.e. your body) is a key component of the fascist takeover.  All holistic options that have any health benefits will be outlawed or made incredibly expensive.  you will love big pharma, er big brother, oh hell... what's the friggin difference?

Tue, 08/21/2012 - 12:27 | 2724120 kridkrid
kridkrid's picture

No different than the D's talking a big game on war, gitmo, patriot act, etc. people need to wake up. These elections are nothing but a charade. If you support either party you are a pawn, plain and simple.

Tue, 08/21/2012 - 12:34 | 2724152 knightowl77
knightowl77's picture

Not a pawn...I lose nothing by voting while I prep and make other plans....

You can work within the system, while preparing for a new one...

Tue, 08/21/2012 - 12:44 | 2724190 kridkrid
kridkrid's picture

Your votes helps to provide legitimacy to something that should be abhorrent to those who think. The belief that it is your patriotic duty and a privilege to vote is pure propaganda.

Wed, 08/22/2012 - 10:18 | 2727118 Ar-Pharazôn
Ar-Pharazôn's picture

if you vote you legitimate the system.


i would say it's quite easy to understand.


if in november no american would go to vote what could happen? they couldnt put romney or obama on the chair cause nobody elected him

Tue, 08/21/2012 - 12:29 | 2724132 knightowl77
knightowl77's picture

If the repugs win and do nothing about repealing obummercare , then that is when the sheeple will have had enough...IMHO

Tue, 08/21/2012 - 12:33 | 2724147 john39
john39's picture

do we really need more evidence of the "two party scam"?  anyone with a functioning brain should get it by now...

Tue, 08/21/2012 - 13:31 | 2724422 gmrpeabody
gmrpeabody's picture

There are very few functioning brains left..., even here, at ZH, they have become outnumbered.

Tue, 08/21/2012 - 12:33 | 2724144 knightowl77
knightowl77's picture

Sorry Dbl Post

Tue, 08/21/2012 - 12:56 | 2724241 GeezerGeek
GeezerGeek's picture

Anyone who thinks elections and who gets elected don't have consequences is a fool. Reagan reversed the decaying situation created by Carter. The Republican sweep of Congress in 1994 led to at least a few years of nearly-balanced budgets despite Clinton's initial resistance. Obama's 2008 victory put the US on a far different course, in my estimation, than what would have been followed by the incompetent Senator opposing him in the election. Farther back, what if Henry Wallace had remained Roosevelt's VP rather than his being replaced by Truman?

Would Romney's policies be different than Obama's? I don't know. But based on what I've seen, they can't be any worse for the US. Obama acts like a wannabe despot, and I can't stand Michelle one bit. At least Laura Bush wasn't irritating.

Throw the old bums out. Bring in new bums.

Tue, 08/21/2012 - 13:02 | 2724271 kridkrid
kridkrid's picture

Nice narrative. Glad it's working for ya.

Tue, 08/21/2012 - 13:58 | 2724543 malek
malek's picture

Very telling you don't mention once any effects of Bush II

Tue, 08/21/2012 - 16:55 | 2725278 redd_green
redd_green's picture

Reagan cleaned up nothing.  Nothing!   The people who control the monetary system made the big changes.  Apparently, you read propaganda, but don't read history.   If you don't think so, then figure out how, the next time the Fed makes an adjustment to the monetary system, the president "caused it".   

Tue, 08/21/2012 - 12:30 | 2724136 MiltonFriedmans...
MiltonFriedmansNightmare's picture

That may well be true, but if Romney wins, I don't have to look at the purple lipped Kenyan's face quite as often, so I've got that goin for me,, which in nice.....

Tue, 08/21/2012 - 13:01 | 2724267 divide_by_zero
divide_by_zero's picture

Or hear the Kenyan's whistling S in his speech pattern when he's talking primarily to whites. Sounds like the old pedaphile on Family Guy.

Tue, 08/21/2012 - 13:08 | 2724296 bobnoxy
bobnoxy's picture

Another right wing racist? There sure seems to be a lot of you.

Tue, 08/21/2012 - 18:30 | 2725531 Overfed
Overfed's picture

What the fuck are you talking about?

Tue, 08/21/2012 - 18:38 | 2725543 akak
akak's picture

Bobnoxious, as usual, is talking about nothing.

He is merely a flippant and antagonistic troll with nothing to add to the conversation ---- his posts are best ignored.

Wed, 08/22/2012 - 10:22 | 2727141 Ar-Pharazôn
Ar-Pharazôn's picture

you're retarded or what?


if i dont like a Kenyan am i racist?


burn yourself idiot

Tue, 08/21/2012 - 12:08 | 2724054 Hype Alert
Hype Alert's picture

And once again, at least this won't affect the stock market.  [/sarc]  Onward and upward.

Tue, 08/21/2012 - 12:08 | 2724056 drchris
drchris's picture

They didn't take $716 billion of out Medicare.  They just fixed the glitch.  It'll just work itself out naturally.

Tue, 08/21/2012 - 12:12 | 2724073 phalfa5
phalfa5's picture

Hoping for more (of your) change ....

Tue, 08/21/2012 - 12:12 | 2724080 Hype Alert
Hype Alert's picture

Anything not a tax, is a loophole.

Tue, 08/21/2012 - 19:17 | 2725631 SAT 800
SAT 800's picture

"Anything not a tax, will be." /there, fixed it for ya.

Tue, 08/21/2012 - 20:45 | 2725858 StychoKiller
StychoKiller's picture


Let me tell you how it will be,
There’s one for you, nineteen for me,
‘Cause I’m the Taxman,
Yeah, I’m the Taxman.
Should five per cent appear too small,
Be thankful I don’t take it all.
‘Cause I’m the Taxman,
Yeah, I’m the Taxman.

(If you drive a car ), I’ll tax the street,
(If you try to sit ), I’ll tax your seat,
(If you get too cold ), I’ll tax the heat,
(If you take a walk ), I’ll tax your feet...

[/quote] -- The Beatles, "The Taxman"

Wed, 08/22/2012 - 10:27 | 2727172 Ar-Pharazôn
Ar-Pharazôn's picture

i m not the best estimator/fan of "The Beatles"


but are these lyrics real?

Wed, 08/22/2012 - 01:06 | 2726351 Bizaro World
Bizaro World's picture

drchris - nicely placed Officespace quote, unfortunately, most did not catch it.

Now where is my red stapler?


Tue, 08/21/2012 - 12:13 | 2724074 Arnold Ziffel
Arnold Ziffel's picture

Wait until the Internet Sales Tax hits this Fall. That will really stimulate consumer spending and the GDP....


Tue, 08/21/2012 - 12:12 | 2724077 ReeferMac
ReeferMac's picture

I just love the concept of taxing companies for XYZ based on their percentage of the market that they own/operate?


Like THAT won't get passed down to the consumer (e.g. you and me....) Fucking idiot's.

Tue, 08/21/2012 - 12:15 | 2724088 phalfa5
phalfa5's picture

ooohhh....     french.  is that where we're headed?

Wed, 08/22/2012 - 10:29 | 2727186 Ar-Pharazôn
Ar-Pharazôn's picture

to me looks like a nice idea.


Tue, 08/21/2012 - 12:16 | 2724089 monopoly
monopoly's picture

And we wonder why small business owners hire fewer employees and let more go when they can. What a bunch of psycopaths we have running this country. 

Tue, 08/21/2012 - 12:45 | 2724195 XitSam
XitSam's picture

Is a parasite a psychopath? Its job is to destroy the host.  All according to plan.

Tue, 08/21/2012 - 12:23 | 2724114 adr
adr's picture

Higher taxes, higher food prices, more cash for gas, WHAT COULD GO WRONG!!!!

What I find troubling is the 12 month retail contract for nat gas never dropped below $4.79 per MCF. Even when nat gas hit under $2, the long term contracts never changed. In fact the current long term contract is actually more expensive than it was last year.

The best long term contract available for me right now is $4.89 plus $1.59 usage based charge. $6.48 total price per MCF of gas. $3.68 MORE THAN THE CURRENT WHOLESALE SPOT PRICE!!! The longer term two and three year contracts are even more expensive. Not to mention the taxes, fees and $25 base charge.

I currently use a monthly variable rate that has a total cost of $4.74. Do I keep that and bet that natgas stays low, or do I pay nearly $2 more per MCF to lock in a price for the next year?

This is the kind of bullshit Wall Street and Washington has pushed on regular people. Energy Choice was supposed to reduce costs but it only sent the average bill 300% higher in less than a decade. Ten years ago the monthly base charge was $5 and there was no usage based charge added to each MCF of gas. Your bill was $5 plus $.50 higher than the month end contract for gas per MCF. Taxes and other fees added about 3% to the bill.

If you used 1 MCF of gas based on the old system your bill would be right around $8.55. Today the same usage would net you a bill of $30.64. I'm sure somewhere some politician is claiming that this plan saved people money.

Just like some natural gas supplier is saying they aren't making any money when they can buy a contract for natgas for $2.80 per MCF and sell it for over $6 retail.

Tue, 08/21/2012 - 12:31 | 2724142 ebworthen
ebworthen's picture

And utility monopolies that supposedly provide the best service at the best price.

As if mandating health insurance is going to make service better and lower the price.

What planet are these people from?

Tue, 08/21/2012 - 13:50 | 2724514 XitSam
Tue, 08/21/2012 - 17:01 | 2725297 redd_green
redd_green's picture

Why, massachusetts.   Obama care is Romney Care!   Isn't that special?   Damned no matter which crooked party you vote for.

Tue, 08/21/2012 - 12:27 | 2724124 mrktwtch2
mrktwtch2's picture

zzzz..will somebody pleas knock apple off 30 bucks so we can get some movement here!!

Tue, 08/21/2012 - 12:27 | 2724127 ebworthen
ebworthen's picture

They need to tax the piss out of us to support he sickcare industry of big pharma, corporate hospitals, "insurance" parasites, and the American Bar Association.

This isn't about "healthcare", it is about "mo' money, mo' money, mo' money" for everyone but the middle class and perpetuating and deepening our indentured servitude to the kleptoligarchy.

Tue, 08/21/2012 - 18:01 | 2725471 TimmyB
TimmyB's picture

No shit.  Romenycare is Obamacare, so how can any thinking person think that Romney is going to get change shit, other of course reinstalling all the Bushies after getting rid of all Obama's Clintonites?   

Sure, taxes will need to be raised to pay for WhoeverCare, but can we look at who's going to be getting all that money?  Why, what a suprise, Obama has hundreds of billions of dollars of taxpayer dollars going to private insurance companys to pay for private insurance policies.  Talk about Wall Street wins again!  Obama, who some morons actually believe is a socialist, put fucking finance industry skimmers incharge of this nation's healthcare program.  What a Marxist Statist NOT.   

Open your eyes. 




Tue, 08/21/2012 - 12:30 | 2724133 zebrasquid
zebrasquid's picture

Landslide coming.  Latent dislike and distrust of Obama and his putrid blend of incompetence, arrogance and unExceptionalism is boiling just below the surface and will soon erupt.

The magic negro act has gotten very stale.

Tue, 08/21/2012 - 12:48 | 2724207 kridkrid
kridkrid's picture

A fine example of talk radio doing the thinking for a large % of people. It is very interesting to track.

Tue, 08/21/2012 - 13:03 | 2724276 GeezerGeek
GeezerGeek's picture

Do you really think the recent cover of Newsweek makes it a part of talk radio? Or that the editors thereof are Rush Limbaugh fans? Go post on Daily Kos if this is the best you can do.

Tue, 08/21/2012 - 13:41 | 2724474 kridkrid
kridkrid's picture

If the elite want a landslide election in the fall, the elite will get a landslide election in the fall. They can give it to whichever candidate is best able to advance their cause and they can do it whenever they want. The elite are best served by dividing and conquering, thus our two party system. The objective is to keep people divided and distracted.

Newsweek... What exactly is your point about Newsweek? It is basically a merged entity with the Daily Beast and is little more than a mouthpiece for all sorts of political elite. They get to shape our thoughts.

Tue, 08/21/2012 - 13:54 | 2724530 kridkrid
kridkrid's picture

Let me add one more thought on Newsweek... Do you not see how that cover just provided you with legitimacy? I mean just look at your post... See, even Newsweek agrees. People will watch a debate, but wait for the pundits to tell them what to think. Choose the flavor of pundit-tacracy that you like and go. The post that I responded to used the EXACT language that I heard recently on the hannity radio program. I listen a couple times a week, morbid curiosity.

Tue, 08/21/2012 - 12:32 | 2724145 bubbleburster
Tue, 08/21/2012 - 12:37 | 2724161 GeezerGeek
GeezerGeek's picture

Perhaps it's just my browser or my timing, but thanks for the irony: An ad from Ditzy Wasserman-Schultz requesting me to sign a petition asking Republicans to stop playing politics with healthcare appeared right next to the line about Obamacare stealing $716 billion from Medicare. 

A very small part of me wants Obama to win and the Democrats to retain control of the Senate, because then all those nitwits who voted them in will be forced to suffer the consequences. Unfortunately, all the nitwits who did not vote for them will also suffer the consequences.

I guess one-world government can't work if America remains strong and independent.

Tue, 08/21/2012 - 12:38 | 2724162 jplotinus
jplotinus's picture

We know that capitalism cannot afford to pay wages, benefits for healthcare, let alone pensions. And, health and pensions also cost too much for the US government because those items require taxation.

The USA gets this. I wonder what's the matter with the rest of the developed countries on the planet? They all adopted some form of public, universal healthcare for their citizens at least 65 years ago, at the latest.

Boy are they ever behind the times..,


Tue, 08/21/2012 - 12:59 | 2724259 divide_by_zero
divide_by_zero's picture

You must mean socialism cannot afford to pay, it always ends the same when they run out of other people's money. US now heading towards that cliff, no sign of capitalism here.

Tue, 08/21/2012 - 12:39 | 2724166 gamera9
gamera9's picture

1.5 billion from 10% excise tax on tanning. How is the industry 15 Billion a year? If our nation goes back to parasols and powdered wigs as a fashion trend, there is our black swan.

Tue, 08/21/2012 - 12:39 | 2724170 johnQpublic
johnQpublic's picture


Tue, 08/21/2012 - 13:02 | 2724274 youngman
youngman's picture

We need a two tierd for the and not so good...and one for the people that care for good care....

And not one paragraph on Tort Reform....eliminate the lawyers and you can cut 30% overnight.....I know...I live in Colombia where I just had an Cat cost...including copies....$ lawyers required other saftey tests...

Tue, 08/21/2012 - 13:09 | 2724301 jplotinus
jplotinus's picture

Capitalism, albeit in its crony and it's corporatist format is ALL there is in America.

It is utterly fraudulent to refer to America as Socialist in any way. America has next to zero (0) socialist elected officials, now and in the past. This state of political representation is unmatched anywhere on the planet. At the other extreme, perhaps, it is apt to say that America has as much chance of going socialist as, say, North Korea has of going Capitalist, and maybe less.

Tue, 08/21/2012 - 13:28 | 2724405 El
El's picture

Really? So if I, as a taxPAYER, am not paying for the 46.5 million people who are on food stamps, who is? If I, again as a taxpayer, am not paying for people who don't work to live, then who is? Please...tell me who is paying for the government ownership in previously privately owned companies like GM and Fanny Mae? Where are they getting the money for government cheese, education subsidies, bailouts, our 16 trillion dollar deficit and the continually expanding government and salary of those who work for our government? Who pays for those taking a free ride in America if they aren't taking from those who have and giving it to those who have not?

If that's not socialism, then I don't know what is. Perhaps we aren't seeing it in a "pure" form, but what we are living in is much closer to socialism than it is to capitalism.

Tue, 08/21/2012 - 13:16 | 2724328 Bicycle Repairman
Bicycle Repairman's picture

Taxes are going up after the election no matter who gets elected.

Tue, 08/21/2012 - 14:39 | 2724742 jay28elle
jay28elle's picture

Not so sure, at least not initially.  That is, if Romney sticks to campaign promises.  We need a shot of some of that Reaganomics...

Wed, 08/22/2012 - 16:54 | 2728700 Bicycle Repairman
Bicycle Repairman's picture

Romney is a pure Bush/Nixon/Rockefeller Republican.  He was the former Governor of the People's Republic of Massachusetts.

Read his lips.

Tue, 08/21/2012 - 13:23 | 2724368 yogibear
yogibear's picture

Nice, taxes go up, wages remain flat or continue declining and prices of food and things go up with Bernanke and the fed's printing. One way to crush the economy. Guess the math of debt and spending really does matter.

Tue, 08/21/2012 - 13:24 | 2724379 Your Creator
Your Creator's picture

The us has been socialist for over 30 years. Socialism = crony capitaiism.  When the goobermint owns the economy and installs their bumbuddies to run the companies.

Tue, 08/21/2012 - 13:33 | 2724424 Element
Element's picture

Compare what this woman says with what Obama says.

So when does the committee rescind the prize?

Tue, 08/21/2012 - 13:36 | 2724444 diogeneslaertius
diogeneslaertius's picture

problem > reaction > economic deathstar

Tue, 08/21/2012 - 13:37 | 2724449 diogeneslaertius
diogeneslaertius's picture

the algorithms think youve got a fine brain jack!

Tue, 08/21/2012 - 13:55 | 2724529 malek
malek's picture

Nice how the CBO tries to muddy the waters with their chart.

HI (Hospital Insurance) = commonly called "Medicare"

Investment income = includes capital gains, dividends, interest, annuities, royalties, and rents

The first block is actually lumped together from:

1. Effective with the 2013 tax year, employees earning over $200,000 annually (and $250,000 for married couples filing jointly) will see their withholding percentage increased from 1.45% to 2.35% on wages in excess of the applicable threshold amount. The employer contribution will remain at 1.45%.
This 0.90% increase in the FICA tax withholding percentage is estimated by the Congressional Budget Office to generate $87 billion in additional tax revenues over a ten year period [that was a previous CBO estimate].

2. Starting with the 2013 tax year, there will also be an assessment on unearned income [a/k/a investment income] for higher-income taxpayers. The tax is 3.8% of the individual’s net investment income for the year or the excess of the individual’s modified adjusted gross income. It is estimated to generate $123 billion in additional tax revenues over a ten year period [that was a previous CBO estimate].

Tue, 08/21/2012 - 14:05 | 2724575 monad
monad's picture

But your representative said this is what you want. Suckers...

Tue, 08/21/2012 - 14:17 | 2724643 LucasATX
LucasATX's picture

If you believe all of the 18 items listed are "taxes" - then you must be a member of the Supreme Court.

Tue, 08/21/2012 - 14:33 | 2724711 Zymurguy
Zymurguy's picture

Obamacare - he basically went to his team of tax lawyers and said, "come up with a set of new tax laws and penalties that squeeze everyone from every direction and prevent anyone from moving any money out of earned income so they are trapped into paying more taxes no matter what".

Tue, 08/21/2012 - 16:21 | 2725160 Dingleberry
Dingleberry's picture

I notice no tort reform, or pharm reform, among other things. Defensive medicine and lottery-type malpractice awards are destroying the entire system from within.  That would be REAL REFROM.

Tue, 08/21/2012 - 16:52 | 2725266 Storm Bringer
Storm Bringer's picture

Will the President, Vice President, Congress, and Senate pay the 40% excise tax on their "Cadallic Plan?"  Probably not since it is free to them already!

Wed, 08/22/2012 - 00:14 | 2726305 Elmer Fudd
Elmer Fudd's picture

You didn't tax that, yes the government did

Wed, 08/22/2012 - 12:52 | 2727798 gregd2790
gregd2790's picture

Here's the thing lefties miss when creating a tax on something to pay for something: Many people stop doing the activity or buying the product that the tax revenue they plan on using for paying for the program produces, so another way has to be found to pay for it (since now they having people(voters) sucking on the teat of that program and cutting it just isn't in their vocabulary), so they either borrow, print money or raise taxes in other ways to cover it. So even if the list of things mentioned here doesn't directly tax you now, it will be later, indirectly.

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