What the DJIA drop of nearly 2,000 points what will that mean to tax revenues in 2017 and beyond?

05/19/15 Close at 18,312.39, this is the historical DJIA closing high
01/07/16 16,543.51 Real-time: 2:02PM ES

See just Clinton did when he left office he had a nearly $5 trillion loss in market value due to the dot.com
bust. Guess what that meant? Lower tax revenues because theses losses were deducted from tax payments in the ensuing years.

This continuing decline in the DJIA WILL translate into losses taken by tax payers in 2017.
But with even a GOP president, this will mean LOWER tax revenue for years to come!
I have a solution: Universal Healthcare. .. bear with me....

1. Immediate relief of the equivalent in a 2nd mortgage in premiums and deductibles to American families.

2. That saved money enters the market in consumption. Demand increases and so do profits and so does hiring...creating a bigger tax base.

3. Entrepreneurs no longer fear starting up businesses because of expensive/prohibitive worker's comp and insurance outlays. GDP increases, so does hiring, again.

4. Greater trade offsets in increased GDP increases the overall economy, increasing tax revenues further.

5. Enact by Article 1, Section 8, using the premise that protecting human life and health is as necessary as fire prevention and the military protection.

6. Tax tobacco, alcohol and sugars (three main sickeners/killers) at the cash register to create a pool. Require small deductibles each clinic visit to compensate for actual routine costs, and to deter over-visits (hypochondriacs draining the system).

7. Premium healthcare insurance is still available privately, should you wish.

See...I've thought this through. Wish others would. Or, we can just ,keep pandering to the tiny group of people cutting their own throats trying to keep the health racket alive for their short-term personal benefit and watch our country continue its downward spiral until nobody here has wealth anymore.

And you are so wrong!
There never were 46 million uninsured Americans! A made up crisis.
4 million which could have been covered by $27 billion in taxes on lawyers' $270 billion that they made from filing lawsuits among other sources.
When 90% of doctors say they cause $850 billion a year in unnecessary "defensive medicine" which by they way they don't make anything off of it...
all because they fear lawsuits! Duh! 4 million uninsured that want insurance are covered. the other 42 million by the way consists of
1) 10 million were not legal citizens...2) 14 million were already eligible for Medicaid but Obama's inept administration didn't enroll!
Finally 18 million under 34 didn't want insurance as they didn't need it but could afford at $50,000 a year employers' plans.
That is what the bogus president and idiots who still believe there were 46 million uninsured used to pass ACA!

Finally there is a very very easy way of providing a mechanism that would guarantee any American that wanted to participate under age 30 that will
have $1 million available in their retirement fund at age 65. With NO expenses to the government! Simple way to make any American under 30 a millionaire
at age 65!
 

Forum List

Back
Top