Buffett Should Stick To What He Knows
Jun 27, 2017 Obamacare, Political, Tyranny
I don’t know how many times Warren Buffett will have to be wrong before people stop listening to him. I know he is pretty good at investing and he has billions of dollars but he should probably stick to the things he knows in order to avoid looking like a fool. Buffett once quipped about the fact he paid a lower tax rate than his secretary despite making so much more. His income was from capital gains and hers was ordinary income. Both are taxed at different rates (capital gains are lower). The liberals ran with his statement to make the claim the rich do not pay their “fair share.”
Buffett was recently interviewed on PBS and he stated that America needs to go to a single payer health care system like the one in the UK. He stated America could afford it as a wealthy nation and that this is what will solve the health care issues.
To be fair, Buffett did state he was not an expert on health insurance. He probably should have ended there but he kept going and that made him the fool once again.
WOODRUFF: “Something that affects all businesses is the cost of health care in this country and you’ve been vocal about that. You argue right now, in fact, that the cost of paying for health care can affect a company even more than taxes.”
BUFFETT: “Well it does. I mean in terms of our competitiveness in the world; health care in 1960 was 5 percent of GDP. And there’s only a hundred cents to the dollar. So it’s gone from 5 percent to 17 percent. And it keeps going up. Corporate taxes have gone down from 4 percent to 2 percent. So corporate taxes are way less of a factor in American competitiveness than overall business than medical costs.”
WOODRUFF: “As we sit here today in Omaha, the Republicans in Congress are madly trying to figure out what to do to replace ObamaCare, the Affordable Care Act. Do you have a firm idea in your mind what ought to be done about ObamaCare? Everybody acknowledges there’s been some problems.”
BUFFETT: “I think that’s way outside of my circle of competence. But I would say this. You can’t have that five go to 17 and move on to 20 and 22 or 24 percent, because there are only a hundred cents in the dollar. Health care is gobbling up well over $3 trillion a year. It’s just about the same as federal, the federal budget, I mean it’s getting up there.”
WOODRUFF: “Are we now at the point where the country does need to think about some sort of single-payer system in some more or another?
BUFFETT: “With my limited knowledge, I think that probably is the best system. Because it is a system, we are such a rich country, in a sense we can afford to do it. But in almost every field of American business, it pays to bring down costs. There’s an awful lot of people involved in the medical — the whole just the way the ecosystem worked, there was no incentive to bring down costs.”
WOODRUFF: “It sounds like what you’re saying with a single payer system it’s easier to figure out a way to?”
BUFFETT: “More effective, I think.”
We can’t afford 22 or 24% of GDP going to health care but the government can afford to pay the bill? Now I know that Buffett thinks a single payer system will reduce costs but he is wrong. The government never does anything efficiently and it never does anything UNDER budget. One only needs to look at Medicare (>$79 Trillion in unfunded liabilities) to see how inefficient government is. That program costs billions upon billions more than it was ever estimated to cost and shortfalls are addressed by reducing the amount doctors are paid for the care they provide. And what assurance do taxpayers have that once government controls health care it won’t start adding to the program? Look at Social Security (>$15 Trillion in unfunded liabilities). The government established that socialist program many decades ago and has added to it along the way so that now we have untold numbers of people on disability or some other aspect that was added. We can’t afford to sustain that program because government mismanages it and keeps adding treats to the Christmas tree…
Any person, and Buffett should pay close attention here, who thinks single payer government run insurance is good should look closely at the Veteran’s Administration. That program is a single payer government run program that only involves a small portion of the population as a whole but it is rife with waste and abuse. It is a fiasco that costs so much there are talks of decreasing other military programs to move money to the VA. There are long lists and veterans wait for months, or longer, to be treated. Many die before they are ever seen. This is the kind of program the uninformed like Buffett want for all of us.
Buffett tells you we are a wealthy nation and can afford it. This flies in the face of reality because the government is 20 TRILLION dollars in debt and has unfunded liabilities that exceed 100 TRILLION dollars. We are not a wealthy nation. We are dead ass broke because of people like Buffett and their belief that government can provide, do it all and afford it.
Government can’t because the taxpayer can’t and that is the bottom line.
A few more notes. Buffett is old and will be dead before anything like he proposes would ever take place. He won’t have to deal with it and even if he lived his wealth would ensure he never had to deal with it (neither will his heirs). It is also important to note that in the interview Buffett claims that businesses can’t afford health care costs but government can [so basically, the burden should be shifted]. I have already shown government can’t afford it but the bigger picture here is that Buffett, a business man, is talking about how to make his (and all) businesses more profitable. He wants to do that by putting the burden of health insurance on the government thus clearing businesses of that debt and burden. Of course Buffett would claim government (read the taxpayers) can afford it. He wants people to embrace this socialist crap so his businesses will be more profitable.
Buffett admitted this was not his expertise. Perhaps he should have left it at that instead of offering his opinion on something he is woefully unprepared to address.
To recap, Buffett does not know what he is talking about, single payer is a terrible idea, increasing the GDP will lower the percent of GDP health care costs and opening the market for insurers will give people choices that will reduce costs without involving the government. The government cannot do anything on a budget.
Anyone who wants single payer should move to the UK and live there for the rest of their lives. They get what they want and the rest of us are not burdened by their stupidity.
Related:
US Debt Clock
ΜΟΛΩΝ ΛΑΒΕ
Cave canem!
Never surrender, never submit.
Tags: burdens, insurance, lies, single payer, taxpayers, UK, warren buffett
What You Get With Obama
Dec 13, 2013 Political
No religious freedom (unless you are a Muslim)
The issue with the Mount Soledad Cross has been going on for over two decades but the Obama regime is the one not fighting for what is right:
Originally, the U.S. Justice Department defended the cross memorial. However, when President Barack Obama was elected, the government’s defense of the memorial under Attorney General Eric Holder seemed to become lackluster, and the Mount Soledad Veterans Memorial Association stepped in to bolster the defense. Breitbart
The Just-Us Department is a joke.
Judges, on the other hand, are tyrants in black robes. Is it any wonder people want to get rid of them first when there is an uprising?
Al-Qaeda is taking charge in Iraq
Once Obama took over in the US there was no doubt he would work to end the war in Iraq. He was warned that if he telegraphed our end date and if he withdrew too soon there would be a vacuum and it would be filled by bad people. The smartest man in the world ignored this and now al-Qaeda is taking charge in Iraq:
Ten years after the capture of Saddam Hussein, Iraq is at risk of becoming a failed state again as al-Qaeda reclaims vast swathes of the country. Telegraph UK
One might think Obama is incompetent or arrogant (both are true) and that this happened because of his inexperience and inability to listen. In reality, he likes the Muslim terror groups and is happy. He probably helped this along to ensure they would regain power.
Maybe he will starve to death
Rahm “Twinkle Toes” Emanuel will fast for 24 hours to show solidarity with illegal immigrants. He believes that the time is now for immigration reform which is lib speak for amnesty for illegals. Those here legally have nothing to worry about and those who want to come here legally have nothing to fear (except that they will die waiting for government to get them cleared to enter) so “reform” is for illegals (or as we call them, new Democrats).
Mayor Rahm Emanuel plans to fast for 24 hours beginning later Thursday in support of the push for immigration reform, saying “we are sending a clear message to Congress that the time is now.” DNA Info Chicago
If he wants to show solidarity he should walk across the desert from Mexico. better yet he should walk TOWARD Mexico (and stay there).
And take this one with him
Dick Durban, idiot Senator, has decided to join the fast in order to help out new Democrat voters AKA, illegals. Perhaps Durbin can hire some of those illegals to clean his filthy house and some others to make repairs around the place. He and two fellow Senators live like pigs in a house they don’t take care of. A few illegals paid under the table might clean up the mess.
Perhaps he will kick the bucket from the fast and then a few day laborers can make a couple of bucks digging his grave.
More Obamacare Failure
Looks like the regime wants insurance companies to bail it out. With the massive failure of the Obamacare launch there is no guarantee that people will sign up, that if they do they will have insurance, and that if they have insurance they will pay anything for it when it starts. The regime wants insurance companies to insure people starting January 1, 2014 even if their plans are not in order and even if they have not paid a thing.
What Obama wants is to avoid a lot of people who think they are covered showing up to the ER or a doctor’s office and being denied for LACK of insurance. In other words, Obama wants to make it look like all is going well so that a lot of people won’t get screwed over and further highlight the failure of Obama and Obamacare.
In other words, if you applied for Obamacare, have not been enrolled, have not paid a dime, and get sick on January 1, the Obama administration now wants insurance companies to pay for your care before you ever pay a dime. Furthermore, they want you to get care for which you will not be approved under your insurance plan. Truth Revolt
As you can see there are other things Obama wants insurance companies to do to help out. Insurance companies should say NO and if people are denied then they should be told exactly why they are denied, because Obama screwed things up.
Sometimes pain is the best teacher. Obama followers need to experience a lot of pain because they are pretty dense and it will take quite a bit to get their attention.
Why should insurance companies bear the brunt of this when Obama inflicted it?
Keep in mind for 2016, Hillary is as bad as or worse than Obama…
Cave canem!
Never surrender, never submit.
Tags: durbin, emanuel, fasting, Hillary, insurance, lies, Obama
Let The Obamacare Cull begin
Feb 20, 2013 Political
You have to pass it to know what is in it. Those words from Nancy Pelosi described the inappropriately named, Affordable Care Act, aka Obamacare. It seems that on a daily basis some new problem with Obamacare comes to light.
For those of us who did not want this monstrosity the revelations are not surprising. We knew that there would be very few free rides and that a much larger audience than was advertised would end up paying. We also knew that there would be rationing and that death panels would be real. We knew that this was unaffordable. We knew that people would be burdened with regulations and costs and that they would be surprised because they thought they were going to get stuff for free.
They were wrong and now it looks like many more people will be paying for insurance or paying a tax (called a penalty) for not having insurance. The fund set up by the government for high risk people is out of money and no new enrollees are being allowed. The plan is costing billions more than we were told AND there will be about as many folks uninsured as before the plan was signed into law (which is probably what they want to get to single payer).
Another thing the informed knew was that businesses would react in a manner that was favorable to their businesses and that has happened.
Universal Orlando (one of the largest employers in Central Florida) will stop covering part time employees. The mini plans were low cost ($18 a week) and had minimal benefits but part time employees liked them. Obamacare does not allow them so these folks will be on their own. Many other companies are reducing the number of employee hours so that they do not have to provide insurance. Yes, those folks who thought they were going to get free health care or that their employers were going to be forced to provide wonderful care are going to be uninsured AND have less money in each paycheck. Wal Mart and Darden Restaurants are cutting hours to avoid Obamacare mandates and businesses with just over 50 employees (the Obamacare threshold) are scaling down to be under that number.
This is what happens when an intrusive government gets involved in things it has no business being in. The business community reacts in a manner that benefits its bottom line regardless of what the government wanted it to do.
I have no doubt that many of these folks who will be affected voted for Obama and supported Obamacare.
Now they will have to pay for that support and it will not be inexpensive.
Good. Pain is a great teacher.
I hope they learn a hard lesson.
Cave canem!
Never surrender, never submit.
[jpsub]
Tags: aca, business, cull, dropped, insurance, lies, obamacare, uninsured
If You Want Birth Control You Should Pay Something For It
Jan 20, 2012 Political
Barack Obama has ordered all insurance providers to provide birth control with no costs and no co-pays. It is dubbed as free birth control but it is not free. The people who pay insurance premiums will see their rates rise and those who don’t use birth control (for whatever reason) will pay for a service for others. It is not free no matter what any moron in government says.
Houses of worship are exempt but religious based hospitals and heath care providers have a one year delay before they must comply even if it goes against their beliefs.
I have heard the arguments about a woman’s right and I am sick of hearing it. Yes, birth control is legal and women have a right to use it. That is where their right ends. What right do they have to pay nothing for it? What right do they have that requires others to pay for their medication?
People have to pay co-pays for just about everything and some of the costs to the patients are not cheap. Why is it that women have to pay absolutely nothing for birth control? People who need medications to live (inhalers, blood pressure, heart, etc.) all have to pay something for their medication.
Women though, pay absolutely nothing for a medication that is not needed to live. It is not life saving and it is not vital for existence.
I know that part of this is Obama pandering to women prior to the election but this goes much deeper. It involves more of the same regarding pitting people against each other and infringing upon religious institutions. Obama has no regard for religion and he has no regard for the idea of responsibility.
He thinks that we should all be paying for the stuff others get and this has got to stop.
You want birth control pills, abortions, aroma therapy or any other thing then pay for it yourself.
We are not our brother’s keepers and it is high time we put this man child in his place.
November cannot come soon enough.
Cave canem!
Never surrender, never submit.
Tags: birth control, insurance, lies, Obama, religion, socialism, welfare
People: Slavery Okay When It’s For A Nice Reason
Oct 6, 2010 Political
I’m not really amazed at the reaction to most people to the fire in Tennessee, I just wish more people would think with their minds instead of their hearts. I wish people would do what they wanted to, but at the same time allow me to be free. Sadly, I’m in a tiny minority in America today.
In case you missed the “front page” news, a man in Tennessee burnt down his house. Now he, and a lot of other people, are mad that there weren’t slaves there to extinguish the fire for him. In fact, on the web site linked, the simple poll there indicates that 75% of people who read the story and voted, fully support slavery and believe that everyone (except themselves, presumably) should be slaves in America instead of free.
Here is the story, in brief: A man was offered insurance on his house. For $75 a year, a group of people would provide a fire truck, firemen, and a method to attempt to extinguish his house, should it catch on fire. The man made the choice to not pay the $75. Then, when his house caught on fire, he (and many others) are very angry that some people were not forced at gunpoint to pay for putting out the fire in his house.
Hey, Mr. Cranik, I’m real sorry that your house burnt down. No, I’m serious. I wish it hadn’t happened. And in fact, if I were in position to, I’d be glad to help you out now. However, at the moment, I’m losing about 50-70% of the earnings I make to the government, so I’m kinda broke. I would suggest you head on over to your local church and ask for help, I bet they’d be happy to help you.
But sadly, so many people, Mr. Cranik included, think that they are owed things by “the government.” People are upset and angry that “the government” didn’t show up to save Mr. Cranik’s home. This is just another illustration of people today that expect that things should be handed to them, and they shouldn’t have to do anything to get them. He was offered fire coverage, and he refused it. But now its government’s fault that they didn’t show up and give him something for free.
The part that so many people ignore or don’t care about is that government is literally incapable of producing anything. Instead, the ONLY way that government can provide anything to anyone at any time is to first take that something from someone else by force. In simple terms, the only way government could have showed up and put out Mr. Cranik’s fire would be for government to first come to my house with guns and take money from me to pay the firefighters and pay for the equipment. It indeed shows how far from freedom we have come to know that so many people believe that it is “right” to steal from me to provide for Mr. Cranik.
Certainly, some liberals will attempt to take this post and make moronic claims like, “Oh, gee, you don’t care about Mr. Cranik, and you want people to die in fires” and “How would YOU feel if YOUR house got burned down?” But of course, that’s all self-projection and outright lies. I honestly care about Mr. Cranik. But I also care about freedom. And I think freedom is a hell of a lot more important than feeling good about yourself at the expense of others.
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Tags: fire, government, insurance