I peruse articles online all the time and my focus is sometimes on health care, food and gas prices, etc. And I usually read them through and think about what they are saying and see if it actually makes any sense. Most of the time it does.
But the thought occured to me when I read an article about how the health care moguls are getting into other products. There are some statistics in the article that says certain people can afford to buy individual policies because they make over x dollars.
So my question is: Exactly how did they determine that these people can afford this?
Just because someone happens to make $75,000 does not automatically say they can afford anything. It also doesn’t say they can pay more taxes, buy more life insurance, pay higher prices for cars and food.
For instance, here are some questions that might apply to the situation:
How much do they pay in taxes now? Not every “rich” person fail to pay taxes.
Do they have kids in college or are they supporting their out-of-work kids? We KNOW how much college costs. And the reports lately say that more and more people are losing jobs because the corporations have to keep their bottom line for profits up there for the overseas investors.
Are they supporting their parents? More and more news is coming out that the “boomers” are going to comprise 25% - 40% of the population in the next 10 years. And who won’t support their parents since they supported their kids most of their lives?
Are they stuck in the middle of the housing crunch? Not everyone ran out and maxed out their loans on their house. Some of us stayed away and only did a loan we could afford. But property taxes, property insurance, school taxes, fire district taxes, etc have increased because the house value increased. Now the house value is dropping but not the taxes or insurance. Although the government is helping out those people, at my expense, who were greedy, or just did not bother to read what they were signing, there is NO help for people who did the right thing. We just have to ride the tide.
The point I am trying to make is this: Unless you know what every one of those people have as NET income, don’t assume they have all this money laying around. And stop talking about how they can afford stuff when you DO NOT KNOW. That is how all this mess started. Assuming people can afford this and that so let’s do this house loan, let’s raise this tax on this group, let’s increase our prices on food….etc.
And before you blast me for this, I am there. You have already seen my blogs on food and fuel. How’s this for things you can afford…….?
Current property taxes: School District tax, State tax, City tax, County tax, Library tax, Hospital tax, Fire District tax, County Park tax.
Telephone taxes and Fees: Federal Excise, City Utility, 911 State excise, Funds Federal ADA, State telephone assistance, Federal Universal Service Fee, City Sales Tax, Regulatory Charge, Administrative Charge, Effect of City Tax, County 911 Surcharge, State Sales Tax.
Utilities Fees and Taxes: City Tax, Gas Conservation Program charge, Delivery Charge, Utility Tax, Refuse Tax, Franchise Fee, FCC Regulatory Fee.
So no, I can not afford insurance, higher property taxes, more Fire District taxes, more school taxes, etc. Like most people who have never seen as much as $75,000, I can not afford this.
Or the new car, Viagra, skin wrinkle remover, more Cable services, newer cell phones, or any of the rest of the stuff you see on TV commercials…….
I might set up my own “Usage Tax” - you all are using me too much…..Gonna charge everytime you show me a commercial for something I can not afford, can’t use, don’t want, or don’t need.
Except maybe the blood pressure medicine…..
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