A government takeover of health care will benefit the middle class.
Round 2- Opening arguments
Round 3- X exams to each position
Round 4- Answers to X
Round 5- Closing Statements
So obviously i messed up the rounds....so lets go ill put my statment and you put yours in round 2, and then we will give our closing statments on why the others plan wouldn't work.
Well there are many reasons to avoid a government run health care system. I will first start off with definitions i believe will be useful in the understanding of my argument.
Government- The system or form by which a community, etc, is ruled
Health Care- The prevention, treatment, and management of illness and the preservation of mental and physical well-being through the services offered by the medical and allied health professions.
Middle Class- A class of people intermediate between the classes of higher and lower social rank or standing; the social, economic, cultural class, having approximately average status, income, education, tastes, and the like
Based on these definitions, and the arguments I am about to bmake, you will see that a government run health care system would hurt every aspect of the economy in this area of specialists.
Well first of all, this plan would so called tank the economy. Many people in the private industry would lose their hard earned jobs due to the fact that their are less government jobs and many corporations would go out of business. Not only would people lose their jobs, they would have to go on unemployment, which in fact, would raise a tax. I mean, logically, if you have lets say 10% on it and it suddenly jumps to 12%, where would the extra money come from. Also, the plan would ruin the stock market. If all of the privastized health care corporations go out of business, what would happen to all of the points that were accumulated to them, and plus it would create a rapid selling of these socks, which would even further lower the value of our stock market which is hurting already. We do not need to have a second depression in this hard time.
Another effect would have to do with a current plan that is out there, commonly known as Obamacare. This woul create many taxes that he promised when running, specificly, not to raise taxes or to take from medicare for this plan. But in fact their are many new tax increases that go against his word here is a list:
Taxes that take effect in 2013:
10. Surtax on Investment Income ($123 billion/Jan. 2013): Creation of a new, 3.8 percent surtax on investment income earned in households making at least $250,000 ($200,000 single). This would result in the following top tax rates on investment income: Bill: Reconciliation Act; Page: 87-93
*Other unearned income includes (for surtax purposes) gross income from interest, annuities, royalties, net rents, and passive income in partnerships and Subchapter-S corporations. It does not include municipal bond interest or life insurance proceeds, since those do not add to gross income. It does not include active trade or business income, fair market value sales of ownership in pass-through entities, or distributions from retirement plans. The 3.8% surtax does not apply to non-resident aliens.
11. Hike in Medicare Payroll Tax ($86.8 bil/Jan 2013): Current law and changes:
Bill: PPACA, Reconciliation Act; Page: 2000-2003; 87-93
12. Tax on Medical Device Manufacturers ($20 bil/Jan 2013): Medical device manufacturers employ 360,000 people in 6000 plants across the country. This law imposes a new 2.3% excise tax. Exempts items retailing for <$100. Bill: PPACA; Page: 1,980-1,986
13. High Medical Bills Tax ($15.2 bil/Jan 2013): Currently, those facing high medical expenses are allowed a deduction for medical expenses to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI). The new provision imposes a threshold of 10 percent of AGI. Waived for 65+ taxpayers in 2013-2016 only. Bill: PPACA; Page: 1,994-1,995
14. Flexible Spending Account Cap – aka “Special Needs Kids Tax” ($13 bil/Jan 2013): Imposes cap on FSAs of $2500 (now unlimited). Indexed to inflation after 2013. There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education. Bill: PPACA; Page: 2,388-2,389
15. Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D ($4.5 bil/Jan 2013) Bill: PPACA; Page: 1,994
16. $500,000 Annual Executive Compensation Limit for Health Insurance Executives ($0.6 bil/Jan 2013). Bill: PPACA; Page: 1,995-2,000
And these are just taxes to take place within the next year!
Through the facts i presented, I hope you unerstand why this would not be benifical for our country to run a government based health care system.
austinnoyes95 forfeited this round.
dyljam1997 forfeited this round.
austinnoyes95 forfeited this round.