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The Daddy State: Obama says people can’t so anything by themselves

“The one thing about being President is after four years you get to be pretty humble”

By LUIS MIRANDA | THE REAL AGENDA | FEBRUARY 26, 2013

But Obama doesn’t really mean that at all. He threatens businesses, doctors and patients with his Obamacare socialist project; he threatens Congress saying he will act alone by signing executive orders if they don’t help him with his petty ideas and he after publicly establishes a window of opportunity to attack Iran in the summer of 2013. Now, the U.S. dictator in chief wants to make American’s feel hopeless and dependent every single minute of their lives and to learn to like it.

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Here are the real costs of Obamacare

“The Obama Care Health Care Reform Plan or Health Care For America Plan will cost the average American around $70.”–obamacarefacts.com

By BOB LIVINGSTON | PLD | NOVEMBER 19, 2012

First of all, allow me to disabuse you of the notion that Obamacare has anything to do with “health” care. Obamacare is not about health. It’s not about lowering the cost of health insurance. And it’s not about ensuring that everyone is insured.

It is about locking more Americans into the clutches of the Big Pharma/Medical Industrial complex, providing more customers for Big Insurance and confiscating more wealth from individuals and businesses.

The American healthcare system should properly be called “sickcare.” It’s a subtle and esoteric system of population control with prescription drugs issued at the public expense by the drug cartel — the conglomerate of pharmaceutical houses.

They commit population control under the pretense of “healthcare” and make people pay for it. And this medical cartel has no legal liability. It is forced — or at least deceptive — medication. And most doctors don’t have a clue. They write prescriptions based on falsified data and kickbacks — from speaker fees and ghostwriting glowing medical reviews — without regard to whether their patients will benefit.

Health costs nothing. Sickness care has us in bankruptcy. If the medical establishment, insurance companies and Obamacare writers wanted Americans to be healthy, they’d promote healthy eating, healthy lifestyles, vitamin D supplementation, natural supplements and alternative health choices rather than toxin-laden vaccinations, body-destroying cancer treatment drugs, harmful symptom-rather-than-cause-attacking heart, statin and diabetes drugs, and carcinogen- and GMO-laced processed foods.

Now Obamacare’s devastating financial effects are coming to the fore. They can be seen in the rising costs of health insurance, layoffs, cuts in employment hours, rising prices and looming tax hikes. Obamacare will send unemployment numbers skyrocketing and force workers — who find their hours cut back below the “full-time” threshold of 30 hours — to try to find multiple part-time jobs to make ends meet. Or they’ll give up working altogether and join the rising numbers of wards of the state: 49.7 million in poverty, non-farm employment at 2005 levels, 46.7 million on food stamps and 9 million leaving the workforce and joining the disability roles. The Congressional Budget Office predicts Obamacare will cost 800,000 jobs by 2020-2021. It will be much worse than that.

With jobless numbers already high and manufacturing and mid-level white collar professional service jobs leaving the United States never to return, most new jobs come in the healthcare, social assistance (ambulatory healthcare services) and food service industries (waiting tables and tending bar).

But the medical device and food service industries are being hit hardest by Obamacare, as business owners seek ways to remain profitable and competitive once the provisions kick in.

During the International Franchise Association convention in Washington, D.C., in September, franchisers learned just how hard Obamacare would hit them. David Barr, a Taco Bell and Kentucky Fried Chicken franchiser, told the group how Obamacare will cut his profits and probably theirs as well — in half. Their only choice is to slash employee hours so they aren’t eligible for company-paid health insurance or stop offering insurance and pay the $2,000 per employee fine.

Barr has 23 stores with 421 employees, 109 of whom are full-time. Of those, he provides health insurance to 30. His total cost is $129,000 per year and his employees pay $995. Under Obamacare, he’ll have to provide health insurance for all 109 full-time employees at a cost of $444,000 per year. The $315,000 increase is more than half his annual profit, after expenses. If he chose the fine instead, his healthcare costs would still increase by $89,000 per year.

Darden Foods, the world’s largest casual dining company — it includes Olive Garden, Red Lobster and LongHorn Steakhouse — was one of the first to announce it would be limiting worker hours to avoid healthcare requirements. Papa John’s CEO John Schnatter said the cost of his pizzas will rise between 11 and 14 cents and worker hours will be reduced. He expects the law to cost his company between $5 billion and $8 billion annually.

In July, McDonalds Chief Financial Officer Peter Benson said Obamacare will cost his company $420 million in new healthcare costs even though the company received a waiver from the Administration of Barack Obama. His menu prices will increase as a result.

Florida-based restaurant owner John Metz, who owns 40 Denny’s restaurants and the Hurricane Grill & Wings franchise, said last week he would be tacking a 5 percent Obamacare surcharge on his meals and reduce employee hours. He says it is “the only alternative. I’ve got to pass the cost to the customer.”

Look for other restaurants faced with a choice of becoming unprofitable by absorbing the costs or uncompetitive by raising their menu prices if they insure their employees and pass the cost to consumers to also cut worker hours.

Wal-Mart recently raised its health insurance premiums as much as 36 percent, putting coverage out of the reach of many of its employees. Its executives say employee hours will be cut. Likewise, the Kroger grocery chain is also reducing employee hours.

Other companies that have announced Obamacare layoffs include:

  • Welch Allyn: A medical diagnostic equipment manufacturer, Welch Allyn will lay off 250 employees, or 10 percent of its workforce, over the next three years because of the Medical Device Tax mandated by the law.
  • Dana Holding Corp.: A global auto parts manufacturer, Dana Holding Corp. will cut its workforce of 25,500, citing $24 million in additional healthcare expenses over the next six years.
  • Stryker: One of the biggest medical device manufacturers in the world, Stryker will close its Orchard Park, N.Y., facility, eliminating 96 jobs in December. The company will also eliminate about 5 percent of its remaining workforce — about 1,170 workers.
  • Boston Scientific: CEO Ray Elliot recently announced that Obamacare taxes will force him to lay off between 1,200 and 1,400 workers and shift investments and jobs to China.
  • Medtronic: The medical device maker cut 500 jobs this past summer and will eliminate another 500 in 2013 because of Obamacare taxes.
  • Smith & Nephew: 770 layoffs.
  • Abbott Laboratories: 700 layoffs.
  • Covidien: 595 layoffs.
  • Kinetic Concepts: 427 layoffs.
  • St. Jude Medical: 300 layoffs.
  • Hill-Rom: 200 layoffs.

And then there are the looming taxes.

The undocumented alien and chronic White House liar (see the ever changing Benghazi narrative, among others) has repeated ad nauseam that he will not raise taxes on those making less than $250,000 ($125,000 or $200,000 or whatever his story is today). But here are some Obamacare taxes kicking in beginning in 2013, most of which will hit both the so-called “rich” and the poor either directly or indirectly.

  • The Obamacare Medical Device Tax is a $20 billion tax increase. Obamacare imposes a new 2.3 percent excise tax on gross sales — whether the company makes a profit or not. This will increase the cost of medical devices like pacemakers, prosthetics and wheelchairs.
  • The Obamacare “Special Needs Kids Tax” is a $13 billion tax increase. It hits the 30 million to 35 million Americans using a work-based Flexible Spending Account (FSA) to pay for basic medical needs by having money removed from their paychecks before taxes, which reduces their taxable income and helps them save on their tax bill. It faces a new cap of $2,500 (currently the accounts have no cap). There are 7 million families in American with special needs children who need care that far exceeds the $2,500, many of them the working poor.
  • The Obamacare Surtax on Investment Income is a $123 billion tax increase. This is a new 3.8 percentage point surtax on investment income earned in households making $250,000 or more ($200,000 for single filer). This will increase the tax on capital gains from 15 percent to 23.8 percent. Capital gains include profits on the sale of a home. In other words, when you sell your house for more than you paid for it, which all homeowners hope to do, you will pay 23.8 percent on the value difference when you sell. It also includes gains made on savings and retirement accounts. The rate paid on dividend income increases from 15 percent to 43.3 percent, as does the rate on other investment income.
  • The Obamacare “Haircut” for Medical Itemized Deductions is a $15.2 billion tax increase. Currently, Americans facing high medical expenses are allowed a deduction if expenses exceed 7.5 percent of adjusted gross income. The “haircut” raises the threshold to 10 percent. This will most harm those near retirement age and those with modest incomes but high medical bills — like those with special needs children or dealing with catastrophic illness.
  • The Obamacare Payroll Tax Hike is $86.8 billion tax increase. The Medicare payroll tax rate on individuals earning $200,000 ($250,000 for couples) will see their payroll tax increase from 2.9 percent to 3.8 percent. This is a direct marginal income tax hike on small-business owners, who are liable for self-employment tax.

And even more Obamacare taxes kick hit in 2014.

The bottom line for the average family, according to Forbes.com, is an additional annual cost of $1,261 for the average family, or a diversion of 2.5 percent of the average household’s income in taxes alone. And this doesn’t factor in the additional costs resulting from rising food and product costs and loss of income due to worker hour reductions and job losses.

Obamacare sycophants glommed on to the progressive, government-growing, insurance industry-profiting healthcare reform effort largely because they believed Big Insurance was screwing them over by raising premiums and not paying for certain conditions. Yet those hated insurance companies wrote the law and made sure that those who disdained health insurance — either because they were young and felt they didn’t need it or were financially able to go without it — were forced into the plan, ensuring Big Insurance a whole host of new customers, guaranteeing themselves a large profit and a government treasury to make sure the bills were paid. And those sycophants are just delighted with that outcome.

But if they thought they were drawing the short straw when corporate profits were on the line, wait until they see what they get now that the sociopaths in the dysfunctional government bureaucracy are involved.

U.S Government secretely passed gold coin tax

Amendment Slipped Into Health Care Legislation Would Track, Tax Coin and Bullion Transactions 

ABC

 Those already outraged by the president’s health care legislation now have a new bone of contention — a scarcely noticed tack-on provision to the law that puts gold coin buyers and sellers under closer government scrutiny.

 The issue is rising to the fore just as gold coin dealers are attracting attention over sales tactics.

 Section 9006 of the Patient Protection and Affordable Care Act will amend the Internal Revenue Code to expand the scope of Form 1099. Currently, 1099 forms are used to track and report the miscellaneous income associated with services rendered by independent contractors or self-employed individuals.

 Starting Jan. 1, 2012, Form 1099s will become a means of reporting to the Internal Revenue Service the purchases of all goods and services by small businesses and self-employed people that exceed $600 during a calendar year. Precious metals such as coins and bullion fall into this category and coin dealers have been among those most rankled by the change.

 This provision, intended to mine what the IRS deems a vast reservoir of uncollected income tax, was included in the health care legislation ostensibly as a way to pay for it. The tax code tweak is expected to raise $17 billion over the next 10 years, according to the Joint Committee on Taxation.

 Taking an early and vociferous role in opposing the measure is the precious metal and coin industry, according to Diane Piret, industry affairs director for the Industry Council for Tangible Assets. The ICTA, based in Severna Park, Md., is a trade association representing an estimated 5,000 coin and bullion dealers in the United States.

 “Coin dealers not only buy for their inventory from other dealers, but also with great frequency from the public,” Piret said. “Most other types of businesses will have a limited number of suppliers from which they buy their goods and products for resale.”

 So every time a member of the public sells more than $600 worth of gold to a dealer, Piret said, the transaction will have to be reported to the government by the buyer.

 Pat Heller, who owns Liberty Coin Service in Lansing, Mich., deals with around 1,000 customers every week. Many are individuals looking to protect wealth in an uncertain economy, he said, while others are dealers like him.

 With spot market prices for gold at nearly $1,200 an ounce, Heller estimates that he’ll be filling out between 10,000 and 20,000 tax forms per year after the new law takes effect.

 “I’ll have to hire two full-time people just to track all this stuff, which cuts into my profitability,” he said.

 An issue that combines gold coins, the Obama health care law and the IRS is bound to stir passions. Indeed, trading in gold coins and bars has surged since the financial crisis unfolded and Obama took office, metal dealers said.

 The buying of actual gold, as opposed to futures or options tied to the price of gold, has been a particularly popular trend among Tea Party supporters and others who are fearful of Obama’s economic policies, gold industry members such as Heller and Piret said.  

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