My wife received an interesting link the other day. It seems that buried in the new heath bill there is a clause that states that, upon the sale of your home, starting 2012 a tax will be assesed to the tune of 4.5%.
I hope that its wrong, but if true that could take tens of thousands out of peoples pockets that might go for many other uses,eg.jewelry,cars, vacations.
Is this how we will pay for all the people who are without insurance? Sounds like socialism to me I am tired of supporting people who are not working as hard as my wife and I. I do feel the very poor and truly needy should have access to health care, just not off all my years of hard work to achieve the American dream.
I have mentioned in past blogs that I would give you updates on the feelings I get by sitting in the heart of NYC. Traffic is down & most people are still not in a spending mode. The jewelry business is in a holding pattern. New sales are down and people remaking old Jewelry into new.