The sky has finally fallen...

I can't even begin to imagine what a depression will be like in overcrowded cities of the 21st century. Supermarket shelves empty of food, looting, violence and anarchy. A nightmare scenario. Just look at what happened in Greece when they announced austerity measures. Antarctica would be a nice place to reside in. Many penguins to cook and eat.
 
It's official..

dear master silentheart, sorry to say but it seems more tax from the govt. is coming, which is not a surprise at all abt the intention of this law..;)

Supreme court rules the ACA (Affordable Act Care) law will stand under the premise of individual insurance mandate..

http://news.yahoo.com/blogs/ticket/supreme-court-issue-obamacare-decision-135554880.html

"Under the law, people who do not have health insurance will have to pay 1 percent of their income to the IRS starting in 2014. (There are exceptions for some religious beliefs and financial hardship.)

"If an individual does not maintain health insurance, the only consequence is that he must make an additional payment to the IRS when he pays his taxes," Roberts writes. He adds that this means "the mandate is not a legal command to buy insurance. Rather, it makes going without insurance just another thing the Government taxes, like buying gasoline or earning an income.""...
 
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I thought Obamarama say no tax increase on the people makes less than $250,000. Oops, I guess he lied. AGAIN!
Actually, SCOTUS kicked the can down the road to congress and next admin. There will be another fight in 2014 once the "TAX" is implemented.
 
extremenanopowe said:
A pastor in a Singapore Church was charged with 23million swindling. End of the world. lol. ;)
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Is he a pastor or the church's founder and current finance director? This happens all the time especially with churches and temples founded and started up by individuals and then turned into a legal religious entity. The reason for such frequent scandals is in some way similar to much-hyped up IPOs, with easy money coming in and reluctance to impose strict internal-control and avoidance of conflict of interest.
But strict controls in religious bodies are difficult to carry out because of the stigma of fear of being accused of a lack of Godly trust.
 
Welcome America to the club of truly developed and civilized countries of universal health care.
Of course there is no such thing as a free lunch.
 
taneepak said:
Welcome America to the club of truly developed and civilized countries of universal health care.
Of course there is no such thing as a free lunch.
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it will not even solve the issue of health care cost...if anything, more govt. bureaucracy or if not the insurance companies are gonna get "richer" if people decide to sign up for insurance coverage rather than pay taxes..
 
ctjcad said:
it will not even solve the issue of health care cost...if anything, more govt. bureaucracy or if not the insurance companies are gonna get "richer" if people decide to sign up for insurance coverage rather than pay taxes..
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Let us see how it works out and report back after a few years. There is also such a thing as welcoming real competition, even if they are from foreign countries that many in the us tend look at with disgust-"out-sourcing". There is nothing inherently bad in outsourcing as long as the bottom line is a plus for the country. Now, why can't Rommey and Obama do this simple calculation that every secondary student in East Asia can figure out?
 
taneepak said:
Let us see how it works out and report back after a few years....
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will have to wait until after this yr's election, a lot of people esp. business owners are still unsure, a lot of it has to do with who's in control of Congress & WH...If the GOP finally controls all, expect quite a bit of tweaking of the bill; if not, more debates...the judge, Roberts, did what seemed to be a clever thing : throw it back to the public/people of the U.S. for them to decide what they want to have as health care (more govt. or more private control/status quo)..
 
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All law makers in the US are extremely good in rhetoric "hot air", not unlike a Circus, and most unproductive. You need a revolution to destroy this "gang of 2 parties", reduce them to ashes, and then up come a another system.
It is as good a time now to change before it is too late, when it can no longer take out its overused money-printing machine. Related to this, do you know that the US's gold reserves at Fort Knox has not been audited since 1974? Perhaps all the gold has gone and the rest of the world got conned into buying US currency every time there is instability in other parts of the world? It is quite obvious global instability is good for the US, but is it good for the other party or the rest of the world.
 
taneepak said:
All law makers in the US are extremely good in rhetoric "hot air", not unlike a Circus, and most unproductive. You need a revolution to destroy this "gang of 2 parties", reduce them to ashes, and then up come a another system.
It is as good a time now to change before it is too late, when it can no longer take out its overused money-printing machine. Related to this, do you know that the US's gold reserves at Fort Knox has not been audited since 1974? Perhaps all the gold has gone and the rest of the world got conned into buying US currency every time there is instability in other parts of the world? It is quite obvious global instability is good for the US, but is it good for the other party or the rest of the world.
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...so, why (HK$) it is still linked from the peg? There must be sound reasoning behind it? RMB still needs HK$'s convertibility? With HK$'s massive wall of cash reserves (just like city-state Singapore), why is the aversion from floating it? Fear from speculative attacks? Singapore's defense mechanism is quite solid through the years, can't it work just the same?
 
King's said:
...so, why (HK$) it is still linked from the peg? There must be sound reasoning behind it? RMB still needs HK$'s convertibility? With HK$'s massive wall of cash reserves (just like city-state Singapore), why is the aversion from floating it? Fear from speculative attacks? Singapore's defense mechanism is quite solid through the years, can't it work just the same?
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It may look the same but HK's debt is not as solidly safe as Singapore's debt (mainly comprising the CPF). The former has no government-managed CPF, the latter is perhaps the safest banker in the world with its ability to collect money every month and the power to decide how and when to repay back. If I am not mistaken, people who have already emigrated to other countries still cannot get their CPF money back.
 
taneepak said:
It may look the same but HK's debt is not as solidly safe as Singapore's debt (mainly comprising the CPF). The former has no government-managed CPF, the latter is perhaps the safest banker in the world with its ability to collect money every month and the power to decide how and when to repay back. If I am not mistaken, people who have already emigrated to other countries still cannot get their CPF money back.
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My understanding is that those who have emigrated and will not return to Singapore to work will be able to collect back their CPF. The law is to prevent workers who got their CPF money and then try to return to work. This will ensure that the law is fair to everybody.

Singaporeans are also governed by the law on CPF.
 
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