Like the other fat-cat corporations we’ve soaked recently, UnitedHealth Group is a deserving recipient of a good ol’ fashioned Sherrod Brown tax hike. As a health insurance and services company with 65 million American customers, UnitedHealth is one of the problems Obamacare will solve. Until that glorious day in 2014, UnitedHealth must be penalized for all the money they make! Not only do higher taxes force companies (and their competitors) to act nicer, Sherrod insists this is the way out of our $1.62 trillion 2011 budget deficit.
Now Soaking: UnitedHealth Group
- Reuters lists UnitedHealth Group CEO Stephen Hemsley’s compensation as $10,810,100. Hemsley has been with UnitedHealth since 1997, so he’s got enough money. His $10,810,100 will be much better spent by Sherrod Brown and Barack Obama!
- UnitedHealth’s 2010 income statement lists $2,749,000,000 in corporate income taxes. Let’s take another $2,749,000,000, lest spending cuts damage the rollicking recovery Sherrod Brown and Barack Obama have started.
- All said and done, doubling UnitedHealth Group’s corporate income tax and taking their CEO’s pay will reduce the 2011 U.S. budget deficit from $1,620,000,000,000 to $1,617,240,190,000.
Fear not: this punitive tax policy – like the millions of pages of bureaucracy Obamacare will spawn – won’t increase the cost of health insurance or care. Although a “free market” is nothing more than evil fat-cats cheating helpless saps out of money, Sheriff Sherrod’s patrolling these parts! Supply, demand, risk, cost, and reward are shadows from the dark old days.
None of UnitedHealth’s 87,000 employees will lose their jobs if Sherrod Brown and Barack Obama work their not-at-all-socialist magic. Last and least, the only funds & individuals holding any of UnitedHealth’s 1,080,000,000 outstanding shares of stock who suffer will be the ones who deserve to.
We, The People who support Sherrod Brown’s fiscal policies, hold these leftist conceits to be self-evident.