On 28 Jun 2012
Will individual mandate ruling help or hinder development of small businesses??,
Travis Bickle said:
See health care calculator here:
Hypothetically - per the calculator, if you are over 26, without insurance, for a ONE person household making $40K a year and are unmarried/single - the annual premium on your health coverage (with FEDERAL ASSISTANCE) is NO MORE THAN $3800. If you do not get the coverage, then the penalty you pay (all criteria remaining the same) is $744.00. This lower penalty however will only occur for the first few years, at which point the penalty will start to approximate the cost of the health insurance premium... (Thanks for the TAX INCREASE, Obama)
If all the above stated criteria remain the same, but instead you make $45K a year there is NO FEDERAL ASSITANCE to keep your health care within affordable limits and your annual penalty increases to $869.00 (again for the first few years, and again, thanks for the TAX INCREASE)...
Oh, and then there is the 30% deductible if you need to actually USE the insurance....
Given this cost-structure, at what point will employers have an incentive to cut their costs and not offer health plans as part of compensation all together?? And what will this do for the self-employed / entreprenuers trying to start businesses now that their TAXES just went up massively, will it help or hinder the development of these business??
And what will this do to those unemployed for more than a year, which is quite normal in this Obama economy??
Just some questions, I'm trying to figure this thing out... Perhaps it would be a good idea to get into the health insurance industry if this thing stands and does not get repealed. A captive market would ensure customers.... On 15 Jun 2012
Wells Fargo Freezes, Closes Business Account Of Site That Criticised Them,
Travis Bickle said:
When things get to that point, you have to hang a few cattle rustlers as a determinant.
Did you mean deterrent?
Wells is a joke - they are a bailed out appendage of the Obama Administration. Any attempt to silence freedom of speech - by whatever means - is wrong in a democracy. I agree with your solution Dan - it would be akin to NUKING an enemy nation in the I.R. world (Worked with Japan back in WWII, and proved to be an effective deterrent. Man did they gent in line! We should take this approach in the Middle East [think IRAN, SYRIA, PAKISTAN] just to get their asses back in line too and show 'em the good 'ol USA means BIDNESS...) - a bit extreme and over-the-top, but it sure DOES work, and uses minimal blood & resources to boot.....
The owner-operator of ML-Implode should have anticipate this from these EVIL assed crony banks and just did his banking with a reputable credit union - the NCUA offers equivelant protections.... I would seek to minimize bidness with banks these days...