Obama attacks wealth inequity.

http://www.msnbc.msn.com/id/36013261/ns/politics-the_new_york_times/

For all the political and economic uncertainties about health reform, at least one thing seems clear: The bill that President Obama signed on Tuesday is the federal government’s biggest attack on economic inequality since inequality began rising more than three decades ago.

Over most of that period, government policy and market forces have been moving in the same direction, both increasing inequality. The pretax incomes of the wealthy have soared since the late 1970s, while their tax rates have fallen more than rates for the middle class and poor.

Nearly every major aspect of the health bill pushes in the other direction. This fact helps explain why Mr. Obama was willing to spend so much political capital on the issue, even though it did not appear to be his top priority as a presidential candidate. Beyond the health reform’s effect on the medical system, it is the centerpiece of his deliberate effort to end what historians have called the age of Reagan.



AND TAKE YOUR FUCKING CHINA (PLATES) WITH YOU!

Go hit yourself in the head with a brick!

:)

Just a slightly different way of saying what you just said..

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x8004522

:P

the Financial sector, so this legislation will equalize that.

If you don't happen to be a well-connected Bid Med insider, though, not so much, in my opinion.

If anything between being forced to purchase overpriced private insurance or paying punitive taxes it places an even heavier burden on the working poor.

A big chunk of the money to pay for the bill comes from lifting payroll taxes on households making more than $250,000. On average, the annual tax bill for households making more than $1 million a year will rise by $46,000 in 2013, according to the Tax Policy Center, a Washington research group. Another major piece of financing would cut Medicare subsidies for private insurers, ultimately affecting their executives and shareholders.

The benefits, meanwhile, flow mostly to households making less than four times the poverty level — $88,200 for a family of four people. Those without insurance in this group will become eligible to receive subsidies or to join Medicaid.

nothing in this shitty HCR helps people afford premiums.
even the reconciliation bill does nothing to help affordability.

it keeps young people on their parents insurance for another 5 years.

Also, states are hard strapped as it is for money. Certain states received more medicaid funds for votes on the bill. My
state had 2 cheerleading Senators and didn't make a deal.

The top 1% of Americans net worth is equal to the bottom 90%.

The concentration of wealth at the very top in America is right this minute exceeding the levels of inequality not seen since the years before THE GREAT DEPRESSION.

George Carlin explains it quite clearly here;

http://www.youtube.com/watch?v=JChUO4TLjnY

I shop this Carlin vid here on DU all the time.

"They don't want well informed people capable of critical thinking!"

-90% Jimmy

Are you saying that in 1999 the top 1% was worth the same as the bottom 55%?

If true, that fact is simply staggering that it could have moved so much simply in the two Bush terms! "Some people call you the elite. I call you my base." This economic accomplishment puts Bush in the economic genius category for having such a profound effect on the national distribution of wealth!

Looks like George got his "Mission Accomplished" banner right on wealth re-distribution, anyway!

-90% Jimmy

55% of country's wealth owned by top 1%.

I keep posting that video .

I miss that man.

yeah I know he crossed over.