[SK in CV]

[quote=Carl Veritas]NeetaT,

At the beginning of the 20th century, 90 percent of hospitals were private, for-profit enterprises.
State and local governments began taking over the hospital industry that by early 1990s only 10 percent are.

If not socialism, what should we call this,
the free market?[/quote]

I’m not sure where you got your numbers, but according to the American Hospital Association 2008 survey, local, state and federally owned hospitals made just over 20% of all hospitals.

http://www.aha.org/aha/resource-center/Statistics-and-Studies/fast-facts.html

[SK in CV]

[quote=Carl Veritas]NeetaT,

At the beginning of the 20th century, 90 percent of hospitals were private, for-profit enterprises.
State and local governments began taking over the hospital industry that by early 1990s only 10 percent are.

If not socialism, what should we call this,
the free market?[/quote]

I’m not sure where you got your numbers, but according to the American Hospital Association 2008 survey, local, state and federally owned hospitals made just over 20% of all hospitals.

http://www.aha.org/aha/resource-center/Statistics-and-Studies/fast-facts.html

[SK in CV]

[quote=Carl Veritas]NeetaT,

At the beginning of the 20th century, 90 percent of hospitals were private, for-profit enterprises.
State and local governments began taking over the hospital industry that by early 1990s only 10 percent are.

If not socialism, what should we call this,
the free market?[/quote]

I’m not sure where you got your numbers, but according to the American Hospital Association 2008 survey, local, state and federally owned hospitals made just over 20% of all hospitals.

http://www.aha.org/aha/resource-center/Statistics-and-Studies/fast-facts.html

[SK in CV]

[quote=Carl Veritas]NeetaT,

At the beginning of the 20th century, 90 percent of hospitals were private, for-profit enterprises.
State and local governments began taking over the hospital industry that by early 1990s only 10 percent are.

If not socialism, what should we call this,
the free market?[/quote]

I’m not sure where you got your numbers, but according to the American Hospital Association 2008 survey, local, state and federally owned hospitals made just over 20% of all hospitals.

http://www.aha.org/aha/resource-center/Statistics-and-Studies/fast-facts.html

[SK in CV]

[quote=NeetaT]
I can now commiserate with people who try to hide income. Let’s punish initiative. This is truly socialism in its most profound form.[/quote]

I understand that socialism is a fun word to throw around for those opposed to the current administration. But when using tax rates as evidence, it really becomes an assine assertion. Is a 35% tax rate not socialism, and a 40% rate is? Or is the dividing line 43% or 50%?

Socialism, by the way, refers to government ownership of the production and distribution of goods and services. We are as far away from socialism as any nation on earth. (And please don’t point at current health care reform, either current or even recent versions as evidence of movement towards socialism. None of them contained anything more than a speck of socialism.)

[SK in CV]

[quote=NeetaT]
I can now commiserate with people who try to hide income. Let’s punish initiative. This is truly socialism in its most profound form.[/quote]

I understand that socialism is a fun word to throw around for those opposed to the current administration. But when using tax rates as evidence, it really becomes an assine assertion. Is a 35% tax rate not socialism, and a 40% rate is? Or is the dividing line 43% or 50%?

Socialism, by the way, refers to government ownership of the production and distribution of goods and services. We are as far away from socialism as any nation on earth. (And please don’t point at current health care reform, either current or even recent versions as evidence of movement towards socialism. None of them contained anything more than a speck of socialism.)

[SK in CV]

[quote=NeetaT]
I can now commiserate with people who try to hide income. Let’s punish initiative. This is truly socialism in its most profound form.[/quote]

I understand that socialism is a fun word to throw around for those opposed to the current administration. But when using tax rates as evidence, it really becomes an assine assertion. Is a 35% tax rate not socialism, and a 40% rate is? Or is the dividing line 43% or 50%?

Socialism, by the way, refers to government ownership of the production and distribution of goods and services. We are as far away from socialism as any nation on earth. (And please don’t point at current health care reform, either current or even recent versions as evidence of movement towards socialism. None of them contained anything more than a speck of socialism.)

[SK in CV]

[quote=NeetaT]
I can now commiserate with people who try to hide income. Let’s punish initiative. This is truly socialism in its most profound form.[/quote]

I understand that socialism is a fun word to throw around for those opposed to the current administration. But when using tax rates as evidence, it really becomes an assine assertion. Is a 35% tax rate not socialism, and a 40% rate is? Or is the dividing line 43% or 50%?

Socialism, by the way, refers to government ownership of the production and distribution of goods and services. We are as far away from socialism as any nation on earth. (And please don’t point at current health care reform, either current or even recent versions as evidence of movement towards socialism. None of them contained anything more than a speck of socialism.)

[SK in CV]

[quote=NeetaT]
I can now commiserate with people who try to hide income. Let’s punish initiative. This is truly socialism in its most profound form.[/quote]

I understand that socialism is a fun word to throw around for those opposed to the current administration. But when using tax rates as evidence, it really becomes an assine assertion. Is a 35% tax rate not socialism, and a 40% rate is? Or is the dividing line 43% or 50%?

Socialism, by the way, refers to government ownership of the production and distribution of goods and services. We are as far away from socialism as any nation on earth. (And please don’t point at current health care reform, either current or even recent versions as evidence of movement towards socialism. None of them contained anything more than a speck of socialism.)

[SK in CV]

[quote=bubba99]It pains me when people try to make a moral issue of mortgage payments. It is not. It is a contract, and foreclosure is a remedy in the contract to either party. The banks use it to relieve themselves of bad property investments (Morgan Stanley in SF), why should individuals be held to a higher ethical standard.

Plus part of the bank bailout consisted of a program to “modify” mortgages. The banks took the money, but have consistently failed to modify a significant number of mortgages.

The only moral issue is to ones family, to make the best financial decission for them, not just the bank.[/quote]

Fine comment. The whole thing bears repeating in case anyone missed it the first time through.

[SK in CV]

[quote=bubba99]It pains me when people try to make a moral issue of mortgage payments. It is not. It is a contract, and foreclosure is a remedy in the contract to either party. The banks use it to relieve themselves of bad property investments (Morgan Stanley in SF), why should individuals be held to a higher ethical standard.

Plus part of the bank bailout consisted of a program to “modify” mortgages. The banks took the money, but have consistently failed to modify a significant number of mortgages.

The only moral issue is to ones family, to make the best financial decission for them, not just the bank.[/quote]

Fine comment. The whole thing bears repeating in case anyone missed it the first time through.

[SK in CV]

[quote=bubba99]It pains me when people try to make a moral issue of mortgage payments. It is not. It is a contract, and foreclosure is a remedy in the contract to either party. The banks use it to relieve themselves of bad property investments (Morgan Stanley in SF), why should individuals be held to a higher ethical standard.

Plus part of the bank bailout consisted of a program to “modify” mortgages. The banks took the money, but have consistently failed to modify a significant number of mortgages.

The only moral issue is to ones family, to make the best financial decission for them, not just the bank.[/quote]

Fine comment. The whole thing bears repeating in case anyone missed it the first time through.

[SK in CV]

[quote=bubba99]It pains me when people try to make a moral issue of mortgage payments. It is not. It is a contract, and foreclosure is a remedy in the contract to either party. The banks use it to relieve themselves of bad property investments (Morgan Stanley in SF), why should individuals be held to a higher ethical standard.

Plus part of the bank bailout consisted of a program to “modify” mortgages. The banks took the money, but have consistently failed to modify a significant number of mortgages.

The only moral issue is to ones family, to make the best financial decission for them, not just the bank.[/quote]

Fine comment. The whole thing bears repeating in case anyone missed it the first time through.

[SK in CV]

[quote=bubba99]It pains me when people try to make a moral issue of mortgage payments. It is not. It is a contract, and foreclosure is a remedy in the contract to either party. The banks use it to relieve themselves of bad property investments (Morgan Stanley in SF), why should individuals be held to a higher ethical standard.

Plus part of the bank bailout consisted of a program to “modify” mortgages. The banks took the money, but have consistently failed to modify a significant number of mortgages.

The only moral issue is to ones family, to make the best financial decission for them, not just the bank.[/quote]

Fine comment. The whole thing bears repeating in case anyone missed it the first time through.

[SK in CV]

[quote=UCGal]I understand how losing one’s job might qualify you for a short sale. [/quote]

Losing a job should have nothing to do with a lender’s decision to allow a short sale. A short sale is typically a strictly business decision by the lender. If a short sale will yield more than a foreclosure and subsequent sale, net of all the costs, it’s a good idea, otherwise not. It is never (at least in my experience) based on the condition of the borrower, solely based on the value of the collateral.

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