Richest of the rich ponder how to level the field

[silverpig]

The government has no right to tell them how much profit they can have.

Sure they do.

If you don't think so, then create your own government that is more efficient and drive this one out of business.

 

[Incorruptible]

Sure they do.

If you don't think so, then create your own government that is more efficient and drive this one out of business.

No they don't you moron. That is not the role of government and they are violating the rights of the business. You're a pathetic excuse of a human being for thinking it's alright to tell them how much profit they can have.

 

[Genx87]

That's the benefit side. The cost side, which you either ignore, or are ignorant of, is they can't discriminate based on pre-existing conditions, rescind coverage, or have overhead including profit in excess of 20%.

In what way is that a cost? They pass it along with the cost of health insurance. And if the pools fail to materialize they have legislated themselves the govt picking up the tab.

 

[theeedude]

In what way is that a cost? They pass it along with the cost of health insurance. And if the pools fail to materialize they have legislated themselves the govt picking up the tab.

They have to cut overhead+profit to 20% of premiums. That is a cost. Higher volumes, but lower margins. The risk corridor is only for first 3 years transition period.

 

[Genx87]

They have to cut overhead+profit to 20% of premiums. That is a cost. Higher volumes, but lower margins. The risk corridor is only for first 3 years transition period.

Sure the transition period is 3 years is until they extend it. It isnt like this law hasnt had extensions before

 

[theeedude]

Sure the transition period is 3 years is until they extend it. It isnt like this law hasnt had extensions before

You can add a public option if you think private companies are making too much money of Obamacare.

 

[Genx87]

You can add a public option if you think private companies are making too much money of Obamacare.

Hey I have been saying to have a high deductible public option for years. But I am under no illusion it will redistribute wealth downwards either.

 

[theeedude]

Hey I have been saying to have a high deductible public option for years. But I am under no illusion it will redistribute wealth downwards either.

I like high deductible plans too, especially with HSA.
ACA exchange plans have high deductibles.

 

[silverpig]

No they don't you moron. That is not the role of government and they are violating the rights of the business. You're a pathetic excuse of a human being for thinking it's alright to tell them how much profit they can have.

The role of the government is whatever the people decide it to be. Businesses don't have rights; they aren't people.


The role of the government is to provide a safe and stable environment for the prosperity of its citizens, not necessarily for its businesses, and the needs of the latter cannot override the needs of the former.


It's funny, you think things like unions and governments aren't part of the free market, when in fact they are consequences of it, and vital parts of it.

 

[Incorruptible]

The role of the government is whatever the people decide it to be. Businesses don't have rights; they aren't people.


The role of the government is to provide a safe and stable environment for the prosperity of its citizens, not necessarily for its businesses, and the needs of the latter cannot override the needs of the former.


It's funny, you think things like unions and governments aren't part of the free market, when in fact they are consequences of it, and vital parts of it.

No it's not you moron. The role of the government is restricted by the Constitution.

Keep making assumptions and spouting BS.

 

[Phokus]

No it's not you moron. The role of the government is restricted by the Constitution.

Keep making assumptions and spouting BS.

Let me guess, you think income taxes are illegal but don't know about the 16th amendment.

 

[Incorruptible]

Let me guess, you think income taxes are illegal but don't know about the 16th amendment.

Let me guess, You're an idiot. I support a flat tax.

 

[glenn1]

The role of the government is whatever the people decide it to be. Businesses don't have rights; they aren't people.


The role of the government is to provide a safe and stable environment for the prosperity of its citizens, not necessarily for its businesses, and the needs of the latter cannot override the needs of the former.


It's funny, you think things like unions and governments aren't part of the free market, when in fact they are consequences of it, and vital parts of it.

We're seeing the upshot of the "businesses aren't people" with the NSA spying news. Since businesses "aren't people" and thus don't have Constitutional rights, Uncle Sam has direct visibility into everything you do online and can just seize your private data and metadata. For your own protection against "terrorism" of course. I guess soon we can proceed to the next step and begin outright nationalization of corporate real property and assets, and just sieze your savings and 401(k) accounts.

 

[dmcowen674]

I guess soon we can proceed to the next step just seize your savings and 401(k) accounts.

According to Rush that will be happening very soon:

11-29-2012

http://www.rushlimbaugh.com/daily/2012/11/29/details_the_plan_to_steal_your_401_k

The Plan to Steal Your 401(k)



RUSH: We have a couple of sound bites from the New School professor of economics, the New School for Social Research professor of economics Teresa Ghilarducci, who explains the theft -- uh, the purchase -- of your 401(k) by the government. TIME Magazine now has a big story out saying that this must happen. It must have to happen to save us all.

 

[theeedude]

I think the richest of the rich are pondering how to level the middle class, not the playing field. Middle class wages are just expenses that could be squeezed out to increase profits.

 

[Engineer]

I think the richest of the rich are pondering how to level the middle class, not the playing field. Middle class wages are just expenses that could be squeezed out to increase profits.

The problem is that once every drop of juice is squeezed out and the fruit runs dry, then what?


Keep chipping away at the foundation and moving it to the top of the building and eventually, the building will collapse......

 

[theeedude]

The problem is that once every drop of juice is squeezed out and the fruit runs dry, then what?


Keep chipping away at the foundation and moving it to the top of the building and eventually, the building will collapse......

Hasn't stopped them from doing it so far.
The way they see it, it's going to happen anyways, so they better make some quick money while they still can.

 

[yllus]

here's a thought - why not make all insurance companies non profit? that way there is no point to denying claims, because all funds should be used (aside from running the company) to insure the policy holders.

obviously there's still a balance of claims vs. revenue, but i would expect it to be far better than having a for-profit, publicly-traded company that's trying to maximize ROI for its shareholders.

I've wondered about this myself. After doing some reading, I think a pseudo-private system like we have in place currently is actually probably the best model (maybe with single payer layered on top, though). The government sets the basic payout, and private companies them compete via price to win over consumers. Those private companies make real their ability to lower prices by continually finding efficiencies.

 

[Doppel]

According to Rush that will be happening very soon:

11-29-2012

http://www.rushlimbaugh.com/daily/2012/11/29/details_the_plan_to_steal_your_401_k

The Plan to Steal Your 401(k)



RUSH: We have a couple of sound bites from the New School professor of economics, the New School for Social Research professor of economics Teresa Ghilarducci, who explains the theft -- uh, the purchase -- of your 401(k) by the government. TIME Magazine now has a big story out saying that this must happen. It must have to happen to save us all.

You listen to Rush, why are we not surprised.

 

[brianmanahan]

here's a thought - why not make all insurance companies non profit?

lol no thanks. i got a %25 bonus last year, if insurance went nonprofit i probably wouldnt get a bonus at all

 

[Incorruptible]

here's a thought - why not make all insurance companies non profit? that way there is no point to denying claims, because all funds should be used (aside from running the company) to insure the policy holders.

obviously there's still a balance of claims vs. revenue, but i would expect it to be far better than having a for-profit, publicly-traded company that's trying to maximize ROI for its shareholders.

So you want the government to use force against them? That's nice, typical liberal. The government has no right to do that.

 

[Fenixgoon]

So you want the government to use force against them? That's nice, typical liberal. The government has no right to do that.

i like how you call me a typical liberal :biggrin::biggrin::biggrin:

so if the government can't tell a business how to operate, why does the government have so many regulations for....well, everything? if the government can't tell businesses how to operate, than almost all government regulation should be null and void.

i'm merely throwing out an idea. after all, brainstorming is how you actually come up with good ideas. people critique them, and you determine the idea is no good, or find out that it has some merit and is worth investigating further.

so, i would love for you to offer "the government has no right to regulate this, and here's why", but to make the statement "you typical liberal dumbass, the government has no right" on its own contributes very little, if anything, to the thread.

 

[silverpig]

No it's not you moron. The role of the government is restricted by the Constitution.

Keep making assumptions and spouting BS.

And the constitution can be changed by the people.

That's what amendments are.

The constitution is also a piece of paper. It can be destroyed and re-written. If the people want it to change, it will change.

 

[cuafpr]

wait... so people thought globalization would decrease the wealth gap??? /facepalm. as the old saying goes its much easier to bring down then up. Allowing companies to build items in a place where 3.00/hr USD makes you a 1%er for that area and then allowing said product to be shipped and sold in first world countries tariff free just increases the profit at the top of the chain while hurting the bottom/middle.

 

[Exterous]

Teresa Ghilarducci, who explains the theft -- uh, the purchase -- of your 401(k) by the government.

She's been against 401ks for years so this isn't really news. Every so often another outlet will cover her saying how terrible 401Ks are because they are not safe like defined benefit plans while ignoring the risks the DB take to meet the required payouts and how they charge high fees while ignoring how popular low cost index funds have become

She also claims 2008 proves 401ks are a failed experiment despite the subsequent years making up for those losses and I don't hear a peep from her about how DB plans are being mismanaged