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Missed Fortune – America’s Health Care Tragedy & Your Finances

Posted on | March 28, 2010

America’s Health Care Tragedy

With the recent passage of the health care bill, liberals have struck one more blow to the American spirit.

If things continue toward socialism, the America we grew up in and love will be lost for our children and grandchildren.

We’re heading towards income tax rates for average Americans of 50 – 60 percent. And the bill is having immediate impact on American businesses.

Claudia Cowan recently wrote an article entitled “On the Tab: Food, Drinks, & Health Care.” She reports:

One of the provisions in the new health care law requires small businesses to provide coverage for workers. Such an ‘employer mandate’ has been in place in San Francisco, Calif., for over a year. The mandate has earned mixed reviews at best.

“Under the law, businesses with 20 or more employees are required to provide medical coverage, either on their own or by paying into a city-run program. That’s what most restaurants are doing — albeit grudgingly.

“To cover the cost, owners are either having to raise their menu prices or tack on a so-called ‘Healthy Surcharge’ onto the tab. At some places, it’s around 4 percent of the check. Others charge a flat fee of a dollar or two.

“Either way, customers are footing the bill for the health care of their waitstaff, busboys, and cooks…”

Beginning in 2013, investors will also start feeling the oppression of Obamacare. As Associated Press reports in an article entitled “Health Bill Extends Wage Tax to Investments”:

“High-income families would be hit with a tax increase on wages and a new levy on investments under President Barack Obama’s health care overhaul bill…

“A new 3.8 percent tax would be imposed on interest, dividends, capital gains and other investment income for individuals making more than $200,000 a year and couples making more than $250,000.

“The bill also would increase the Medicare payroll tax by 0.9 percentage point to 2.35 percent on wages above $200,000 for individuals and $250,000 for married couples filing jointly.”

Take Ownership For Your Future

We can’t depend on the government to take care of us. The government is simply plunging America deeper and deeper into debt and taking from those who produce to support those who do not.

Producers must take ownership for their future. You need to be proactive about retirement planning. You need to save yourself because big government can’t.

Specifically, you need to learn how to invest wisely. You need to invest in strategies and products that give you the following benefits:

  • Tax-free growth, tax-free withdrawal, and tax-free transfer to heirs.
  • Liquidity.
  • Safety of principal.
  • A healthy rate of return that outpaces inflation.

Taxes are going up and the dollar will be worth less. So what are you going to do about it?

Meet with a Missed Fortune advisor to learn how you can secure your future against an increasingly-intrusive and inept government.

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*Life insurance policies are not investments and, accordingly, should not be purchased as an investment

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