Monday, January 04, 2010

Watching a Train Wreck

While I don't hide from bad news, I don't like to talk about it very much. I've never been a huge optimist, but neither do I want to dwell on the negative. However, I've been doing a lot of thinking about what changes to the tax code for increasing government run programs will mean, not only for me and my family, but for those who we help support financially. The first things to go would be our daughters' extra-curricular activities, dance and horseback riding. However, there's the sticky problem that while these activities are a nice bonus for us, for the women who teach these classes, it is their livelihood. Going one step further, if enough families could no longer afford such classes, not only would the dance teacher be out of a job, but the building she rents would be empty and no longer bringing in income for the landlord. If enough young people could not take horse riding lessons, not only would the family that lives on the property have a hard time paying the taxes, and possibly a mortgage, on it, but they'd have a stable full of horses that would be difficult to care for.

On the other side, for higher taxes for mandated health care, what is gained from it? Anecdotally, I've read tens of stories where doctors plan on getting out of their chosen profession if government-run health care comes to pass. Since this has happened in other places where government health care became the only option, I can well believe them. So what would our money, which is now helping to provide jobs and tax and rental income to the economy, provide? Not more jobs, if there are likely to be fewer doctors. Not much of any sort of contribution to the economy. Just more money for bureaucracy. How sad and scary that the government could have such control over all our lives.


Susan B. said...

Hi Barb,

I've been appalled at the recent news as well. I keep hearing rumblings about this administration possibly making a grab for retirement accounts. I'm wondering if I should cash mine out and put the money in a CD (or stuff it in my mattress).

Barb the Evil Genius said...

I've heard the same thing, Susan. It'd be too bad if we lose money by pulling it out early, but that would be better than losing it all. Pretty sad to even have to consider such things.