DOW down over 800 points as world markets fall.

Also, wanted expand on this from my previous post.
Many states provide good benefits, but they don’t advertise it. A year ago my former employer had major profitability problems and they laid me off, along with a bunch of other people at our location. My salary was a 6 digit number. As I applied for unemployment, I (like they say - for sh!ts and giggles) applied for welfare, even though I got a pretty fat severance package. To my great surprise, they enrolled me and my family of 4 into free health insurance and they even provided some food stamps.
I found a job within a month, but kept free benefits for 6.
Do you know what I learned from government employees? Apparently, in Illinois, any parent with any income can buy insurance for a child 1-18 year old for $40/month. Office visits are free, prescription is $3. You will never find this info anywhere unless you apply.
I also personally know a few entrepreneurs who have their own businesses and get health insurance from the state.
So, just because you don’t know about some benefits, doesn’t mean they don’t exist.

 

German workers do have good benefits, but they pay for it with higher taxes and stagnant growth, which translates to lower wages compared to the US.

I doubt you are an employer. I’m in accounting and finance, shifted to big data and software development, and I’ve never seen a businessman in the US (foreign or not) who repeatedly spells word “paid” as “payed”. If you were a true entrepreneur you would see this word so often, you’d never misspell it. Real entrepreneurs have it ingrained into their brains. And English is not my native language.

 

No figures, ok
How much does IL cover.
Sure you got unemployment, your employer payed for it and his premium went up.

So IL has a unemployment health insurance system, for which you payed taxes. I like that. CO does not have that.

What is the percentage of your income which pay for your health insurance and what does it cover.

I give you my example, today in CO I would have to pay 1200 for a Bronze plan, 100%, 6500 deductible, no eye no dental.
Platin 3000 and some.
In Germany a Platin cost me under 400, exactly 354, private were you get the sugar blown up yours if you want to.
Not bragging. Were do you think I am insured ?
In Germany employees pay around 15 percent, for a Platin coverage, prescription of what ever cost 5 admi fee, hospital 10 a day for meals, that's it.
so what is the percentage of your income which covers your family and what does it cover, what is co payment, deductible and so on.
Quit BSing letsput figures on the table.

 

Par for the course in Trumpland -

 

I employ a welfare queen, if she were not so good and dependable, I really would like to fire her, but she is just really good an dependable.
Works just minimum time to get a W2, with that she can get all the benefits possible. As I said she is very good at her job and superb at milking the system. Blows your mind what is out there

 

I pay about 5% of my total gross income for health (everything).
My plan is $750 deductible, 20% coinsurance after that. And my employer matches my contribution to HSA 100%, which pretty much halves my deductible.

 

I had one of those. Turned down overtime unless it was for cash. Ended up letting her go but she was less than reliable.

 

I am an employer, run my own small business since 30 years, in South West Colorado, English is not my native language either.
I taught English my self, including French, Italian, Spanish and Portuguese. I started to work full time as a 15 year old, made my Geselle in Germany, as I wrote, 4 years Army and than of into the world. South and Central America, Spanish and Portuguese. Nearly 30 the US.
So forgive me if my spelling is not that good. I actually do not give a **** about it.
But I bet I can talk gutter American far better than you do and could give you a unforgettable education in it.
It would get me instantly banned here, mind you.

You see, one of the things I learned on the internet, when people run out of arguments or see that they are loosing a debate, or get cornered, they always come back to those stupid things, the very small stuff, which has nothing to do with the debate, spelling

 

As someone who has done accounting for many years, it’s just weird to me to see an entrepreneur who can’t spell “paid” right. It’s like one doctor getting curious when another doctor can’t spell “scalpel” or “prescription”.
That’s all I’m saying.
I never get with people about “you’re”, “your”, “should of”, “should have” and so on.

 

No cash on the side with me, no way. She does extra days, when needed, but it is a discussion. What helps the declarable kids, have gone down from 7 to 4, aged out, 18.
If the discussion is over and all agreed, dependable like a swiss watch and very good. I wish she would get of the dolle and be full time.

 

Accounting, during my apprentice ship, I learned accounting from the bottom up. The old ledger and that ruler and how those columns and rows have to come to the same result at the end.
My brother is a certified accountant. I am a business man, I have a accountant. I prep according to my training and than give my accountant the papers to do the job, as I was trained to do so.

The spelling does not matter if you talk, paid or payed sounds exactly the same, how it is written/spelled who gives a flying fu.
If that's your problem, bean counter, or is it been counter. Tell me.
You make yourself a smaller person.
Its not a high school spelling contest. Its debate and arguments between adults. I would like to keep it on the adult level and not on the teen level.
If you argue with me, keep it at the adult level, defend your arguments and provide proof for your arguments.
Kindergarten, please do that with the children.

 

20%, what do you think that will do to you, figures up to, if the crap hits the fan.
Do you know what the crap costs, if the **** hits the fan.
20% and you are dead meat, that's not a joke, bankruptcy, not a joke.
HSA ? I thought you told me you are a accountant. The tax saving on 750 and the limits on them, better put that money into tax exempt bonds.
Gee, mildly shaking my head, payed or un-paid.

 

Again, you sound like you never had your own insurance. All health insurances have out of pocket maximums. Mine is $3,000. After I pay $3,000, insurance pays 100%, no cap. And that $3k can be paid for with HSA, which is matched 100% by my employer, which means half of that amount is paid by employer. HSA has a limit of $7,000.
Everything is on my end.

As for savings - I have 401k and my employer matches up to 4%, which means 8% of my salary gets put away into mutual funds of my choosing. I project to have at least $1.5M in the find by the time I’m 65. And that number is based on historic stock market growth of 10%, in reality in some years my fund grows by 17%.

 

Also, you know the beauty of health insurance system, instead of single payer like practiced by many countries?
I have a PPO, which means I chose my doctor. And it’s a pretty popular insurance company. Do you know what it would take me to see a doctor from Mayo Clinic who was treating a Saudi Prince for eye disease about 10 years ago? 1 phone call scheduling an appointment.

Insurance based healthcare is not absolutely fair, there are winners and losers. But when you do have coverage from good insurance you will have access to same doctors that treat very rich foreigners - something a commoner can never do as easily as here in other countries.

 

Yip, I refused to pay under the table. Did the overtime myself.

It was several years ago but I remember it very distinctly when having a conversation with somebody about welfare benefits. I had made the statement that some people know exactly how much money they can make before they cross the threshold, he didnt believe me and I'm like "let me introduce you to Mary, she knows to the dollar where she stands"

 

Yeah definitely sounds like he's never had his own coverage before. You are spot on.

 

This guy claims he drives 40mph on the US highways, a lifelong entrepreneur who doesn’t know how to spell “paid” and doesn’t understand basics of health insurance.
Me thinks it’s Sobo. He probably registered a new account.

 

Maybe to an extremley small extent.

The brunt of it is being paid by American consumers, and small businesses.

 

No, the American consumer is footing the bill.

 

No, with the drop in currency and prices in yuan, Chinese citizens are the ones who are footing the bill.

 

No

China is by devaluing their currency

 

And?

We're footing the bill.

 

How do you figure? Tariff is a tax on imports, which is collected from whoever brings the Chinese goods to US, and that cost is passed on to the US consumer. So, the Chinese don't pay it, the US importers pay it, and YOU pay it.

 

Its costing china more and they are getting less in teturn

 

The net cost to US is the same