An established principle of money management goes something like this: “No one cares about your money more than you do”. Evidently, the government doesn’t agree. The feds have adopted the Lawrence Garfield approach, because it is obvious that the government LOVES your money… A LOT! As is evident by how much of it that they spread around. Sharing the love, I guess.
But this is only because the government knows better than you how to spend your money. It is for your own good that they confiscate… collect taxes for the greater good. You might actually do something stupid with your own money if you keep too much of it; like save it or pay off debt or donate to a charity or give to your place of worship or invest for the future – or worse yet, spend it on something you want (greedy capitalists).
To prevent your reckless, dare I say selfish, use of your over-abundance the federal government has designed much better programs where your ill-gotten dollars can be put to better use. And it is easy to lose, I mean risk…. uh, to invest in these programs. You really don’t have to do anything… other than pay more taxes of course. But as Joe Biden has reminded the citizenry, it’s our patriotic duty to give up the green to our overseers uh…pay our taxes.
With that fatherly guidance in mind, let’s examine one scheme… an investment opportunity brought to you by one of the many pork sandwiches … special interest pay-days.... social infrastructure programs packed into the 2,700 pages of ObamaCare. Of course, being a non-profit kind of thing, your dividend is the satisfaction of knowing that you’re throwing good money after bad… you are lining the pockets of aging insurance executives …reinforcing the social fabric of the country and helping to make us all more dependent on government bailouts and make the economy weaker… stronger as a nation!
Without further adieu, let me give you a prospectus on this sure bet investment in the future of America.
But first a word from our financial risk department:
If anyone is still not convinced of the flawed assumptions and faulty financing mechanisms that permeate the ACA (ObamaCare), then please read the article below. But to summarize, a good crony deal is a deal that socializes the losses while paying large salaries to retired insurance executives to mismanage the company. Nowhere is this more evident than the Non-profit ObamaCare co-ops.
via Paying With Other People’s Money | Robert Nelson, MD | LinkedIn.
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