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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 382.95-0.8%Nov 13 4:00 PM EST

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To: TobagoJack who wrote (57571)11/5/2009 11:04:26 PM
From: RJA_1 Recommendation  Read Replies (2) of 217749
 
>>nearer the end of the story, the gentle taxation will evolve into harsh taking, and then, outright robbery

Obama health care plan will result in poorer insurance, with higher deductibles at greater cost... taxes imposed on insurers will add to premiums.(1)

Climate bill will raise electric costs by 40% per president of local electrical coop.

Bush tax cuts expire 2011.

Add it all up. Robbery yet?

___________________

(1) The footnote re Obama care:

More concrete numbers from the Congressional Budget office:

MANDITORY: 18% or 15% of Pre Tax Income out of your pocket. See below. Hows your wallet? [What I still dont know is how this interacts with Medicare].

This is not a Social Security program for health care. It is mandatory self funded insurance, like your auto insurance.

Is this what you voted for?

nytimes.com

New York Times 11/2:

(snip)

Under the House bill, the budget office said, a family of four with income of $78,000 in 2016 would pay, on average, an annual premium of $8,800 and co-payments of $5,000, for a total of $13,800, equivalent to 18 percent of the family’s income.

A family of four with income of $90,100 could also receive subsidies. It would pay $11,100 in premiums and $5,500 in cost-sharing, for a total of $16,600, or 18 percent of family income, the budget office said.

For lower-income people, the subsidies would be more generous. A family of four with income of $66,000 would pay premiums of $6,300 and cost-sharing of $3,700, for a total of $10,000, or 15 percent of its income in 2016, the budget office said.
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