The Senate health care bill is a massive $450 billion bailout for private insurance companies that will drive health insurance premiums and taxes higher while reducing quality. We may have a private market but private isn’t free market when the Government calls all the shots.
In a true free market consumers would be driving prices and quality not the Government.

@CommanderUTube Big Insurance Company Money has bought off the Dems to NOT allow purchasing across state lines which would create huge competition and force companies to reduce premiums. In Ky a plan cost $450 a month, that same plan in Ma. cost $1200 a month. What if we could all shop nation wide for that cheap plan. We’d have hundreds competing for our business instead of the handfull that hold the monopoly in your state or city.

@mesmeriffic The problem they have as well as the U.S. is overutilization of insurance or government healthcare. When 3rd parties take care of you health dollars people tend to abuse the system. In the U.S. we are issued more unneeded drugs then anywhere. Why because our insurance pays for it. We run to the Doctor for a scratch or common cold. Why because insurance pays for it. We don’t even know what it cost.

@giroguy22 If you parents started a business and worked 60 hours a week to succeed and grow the business. Paid the quarterly taxes, payrole taxes, fica,mica taxes. Real estate taxes, corporate taxes, sales taxes,profit taxes. Not just provided income and livelyhood for you but several other families employed by them. Now you work that business with your parents and then tragically the pass away. You are now stuck with 50% inheritance tax and can’t pay it and stay in business. Everyone looses.

Why would the small commercial bank sell its loans when it would earn much more by keeping them and collect the payment stream from the borrowers?

K110, if you are referring to the bank that 1st made your loan when you ask about the “small commercial bank”, by selling its loans it is deferring the risk to the purchaser of these loans. Remember in this vid and a previous one that the small commercial bank receives a fee for acquiring the loan (I think 5000 is used) it would receive 5M (5000X1000) on virtually no risk (which has all been deferred with the sale of the mortgages). Therefore the bank makes a basically risk-free 5m profit.

You know there are studies that say if we had a flat tax of as little as 18% for anyone making over 50k. No deductions The Government would have twice as much money and we would all be better off. If we cut our corporate tax in half we could attract more business and grow existing business. If you developed a product to be sold worldwide would you open your factory here where corporate tax is 38% or in ireland where it is 12%

What is the Key disfavors by Having Your Mortgage

realmortgagepaid.blogspot. com

What you described is the use of the state laws to restrict competition on the basis that only registered biz within the state and answerable to state laws should supply the services. It becomes the wrongful use when the conditions for registration favor only the Big Boys and enhance their monopolistic network

quiz, sounds great, here’s a problem I came up with though on throwing out all income tax returns, and income taxes and instituting a flat sales tax…how do we stop people buying just across the border or elsewhere to avoid paying taxes? We’d need to do something like charge a tax on anything our citizens try to bring back from other countries. To make it impossible to avoid paying up on purchases.