Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Obamacare’

The Plot Against America’s 99%

Posted by hkarner - 7. November 2017

Nouriel Roubini, a professor at NYU’s Stern School of Business and CEO of Roubini Macro Associates, was Senior Economist for International Affairs in the White House’s Council of Economic Advisers during the Clinton Administration. He has worked for the International Monetary Fund, the US Federal Reserve, and the World Bank.

US President Donald Trump, in partnership with congressional Republicans, is pursuing tax cuts that will blow up the fiscal deficit and add to the public debt, while benefiting the rich at the expense of middle- and working-class Americans. Once again, Trump has not hesitated to betray the people he conned into voting for him.
NEW YORK – After multiple failed attempts to “repeal and replace” the 2010 Affordable Care Act (Obamacare), US President Donald Trump’s administration now hopes to achieve its first legislative victory with a massive tax giveaway that it has wrapped in the language of “tax reform.” To that end, Republicans in the US Congress have just unveiled a bill that, if enacted, could vastly widen the deficit and increase the public debt by as much as $4 trillion over the next decade.

Worse still, the Republican plan is designed to funnel most of the benefits to the rich. It would lower the corporate tax rate from 35% to 20%, reduce the tax on capital gains (investment profits), eliminate the estate tax, and introduce other changes that benefit the wealthy. Den Rest des Beitrags lesen »

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Déjà Voodoo

Posted by hkarner - 5. Oktober 2017

Joseph E. StiglitzJoseph E. Stiglitz, recipient of the Nobel Memorial Prize in Economic Sciences in 2001 and the John Bates Clark Medal in 1979, is University Professor at Columbia University, Co-Chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and Chief Economist of the Roosevelt Institute. A former senior vice president and chief economist of the World Bank and chair of the US president’s Council of Economic Advisers under Bill Clinton, in 2000 he founded the Initiative for Policy Dialogue, a think tank on international development based at Columbia University. His most recent book is The Euro: How a Common Currency Threatens the Future of Europe.

A Trump administration staffed by plutocrats – most of whom gained their wealth from rent-seeking activities, rather than from productive entrepreneurship – could be expected to reward themselves. But the Republicans’ proposed tax reform is a bigger gift to corporations and the ultra-rich than most had anticipated.

NEW YORK – Having failed to “repeal and replace” the 2010 Affordable Care Act (“Obamacare”), US President Donald Trump’s administration and the Republican congressional majority have now moved on to tax reform. Eight months after assuming office, the administration has been able to offer only an outline of what it has in mind. But what we know is enough to feel a deep sense of alarm. 

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The Great Health Care Coverup

Posted by hkarner - 30. Juli 2017

July 25, 2017 5:22 pm July 25, 2017 Paul Krugman, NYT

Like many people, I have a sick sense of anger over what just happened in the Senate, which just voted to proceed on a health care bill without any information on what will be in the bill. There’s still hope that in the next few hours, moderates who just caved in will balk at the horrible things they’re being asked to vote for. And I do mean hours: there will be no time for reflection or serious debate.

But nobody should have any confidence that they will. And I think we can almost take it for granted that John McCain will first vote for something terrible, then give a grandstanding speech about making our politics better.

The important thing to realize is WHY the Senate is doing this — rushing to pass legislation that will have a vast impact on American lives, the economy, and more without a single hearing, without time for a proper analysis of the bill, and with crucial votes taken on behalf of legislation yet to be determined. It’s not some arbitrary failure of procedure: it’s a coverup.

The fact is that Republicans have no good ideas on health; everything they want to do will make huge numbers of people worse off, to the benefit of a wealthy few. And they know this. They know that the campaign against Obamacare was based on lies from the beginning, that all their complaints about things like high deductibles were hypocritical. They know that what they’re about to do is terrible. But they’re trying to do it anyway — and the only way they have a chance is by breaking every rule of good governance, by making the process so rushed and secretive that nobody has a chance to say “Wait a minute– what are we doing?” Den Rest des Beitrags lesen »

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Why Obamacare Survived

Posted by hkarner - 25. Juli 2017

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Buffett kritisiert Obamacare-Umbau als „Hilfe für Reiche“

Posted by hkarner - 28. Juni 2017

Er habe vermögende Freunde, die durch die geplante Reform der Krankenversicherung zehn Millionen Dollar und mehr an Abgaben an den Fiskus sparen würden, sagt US-Starinvestor Warren Buffett.

US-Starinvestor Warren Buffett

Starinvestor Warren Buffett hat die Pläne der Republikaner zum Umbau des US-Gesundheitssystems als Steuergeschenk für Spitzenverdiener kritisiert. Der Entwurf der Partei von Präsident Donald Trump zur Neuordnung der „Obamacare“-Krankenversicherung könne auch als „Gesetz zur Hilfe von Reichen“ betitelt werden, sagte der Börsen-Guru in einem Interview vom Dienstag dem US-Sender PBS.

Er habe vermögende Freunde, die durch die geplante Reform der Krankenversicherung zehn Millionen Dollar und mehr an Abgaben an den Fiskus sparen würden, so Buffett. Bei ihm selbst würden die Steuern dadurch um 17 Prozent geringer ausfallen, sagte der 86-Jährige. Den Rest des Beitrags lesen »

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Pure Class Warfare, With Extra Contempt

Posted by hkarner - 26. Juni 2017

In this sense – and in only this sense – what we’re seeing now is a departure from previous Republican practice.

In the past, laws that would take from the poor and working class while giving to the rich came with excuses. Tax cuts, their sponsors declared, would unleash market dynamism and make everyone more prosperous. Deregulation would increase efficiency and lower prices. It was all voodoo; the promises never came true. But at least there was some pretense of working for the common good.

Now we have none of this. This bill does nothing to reduce health care costs. It does nothing to improve the functioning of health insurance markets – in fact, it will send them into death spirals by reducing subsidies and eliminating the individual mandate. There is nothing at all in the bill that will make health care more affordable for those currently having trouble paying for it. And it will gradually squeeze Medicaid, eventually destroying any possibility of insurance for millions. Den Rest des Beitrags lesen »

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A Fiscal Reality Test for US Republicans

Posted by hkarner - 11. April 2017

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Boycott America?

Posted by hkarner - 7. April 2017

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Ideological Infarctions

Posted by hkarner - 4. April 2017

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Lessons from Trump’s Health-Care Debacle

Posted by hkarner - 31. März 2017

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