So lets look at the coming disaster that congress is about to force on us in the name of social justice.
Never mind how the Health Care reform is going to affect you. Lets have a look at the other nasty bill hiding in the Senate – Cap and Trade.
I'm not even going to go into the scam of trading carbon credits. Al Gore and GE and Goldman Sach's are set to make billions off of that. None of it will help the environment. It will make the cost of goods and services go up.
But let's just look at the energy aspect. Electricity and gasoline will nearly double instantly under the bill. So if right now you spend $350 in household electricity, and say $80 a week in gas for two cars, you will be instantly paying $600 in electricity an $160 a week in gasoline. So now just keeping your lights on and getting to work will now cost you $1,240. Not counting the price of oil going up.
That will most likely take all of your spending power away from you. It's probably more than you home payment or rent.
Now look at the business aspect. They will have the same cost increase. Which means they will be forced to raise prices to offset it. Which means the price you will pay for everything will nearly double.
Now when your expenses double, and the price of everything doubles, what happens class? Spending drops even more than it already has. Business close, and those that remain open are forced to cut more jobs, Lots of jobs.
Now lets add in the new Health Care taxes. Say good bye to more small business's and more jobs.
Then add on Nancy Pelosi's Value Added Tax, which will add about 25% to the price of every good and service.
What happens to in in all this? If you still have a job, you will be one of the lucky few. State and Federal Tax's will continue to go down, causing more state programs to be cut, and state employes to lose their jobs.
I am not even looking at all the other cost's of the Cap and Trade bill. Just what the energy portion will do.
But here are a few interesting things that are not being talked about. The government has commissioned a study to determine the “Health Care Affects of owing firearms”. Which sound like they are stacking the deck to impose a major tax in their final Health Care bill for anyone who owns a gun. I am sure the goal is to tax it away from you.
And the fact that in the Health Care bill, if you do not buy into it, your are committing a felony. and face prison time. That sounds very Stalinist to me, and with rising unemployment, I don't see how everyone can comply even if they wanted to.
My worst thought is this will be the beginning of forced labor camps. It has happened before.
The last thing I want to mention is the runaway inflation that is coming. The games the government and the Federal Reserve have been playing printing money can only end this way.
Under inflation, your dollar is devalued, and prices skyrocket. By itself, it would be bad enough, but add in all the other factors the government has planned that will also spike prices and kill jobs, this will be devastating.
The wealthy will survive, they always do. The middle class will be destroyed, and poverty will be the new normal in the USA.
And all of this is being done on purpose. If you don't want to believe me, just do the math for yourself. Math has no political bias.
Tuesday, October 20, 2009
The pending destruction of the economy
Labels:
cap and trade,
firearms tax,
health care reform,
VALUE ADDED TAX,
VAT
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