Cleveland Clinic Health System Most Recent Key Financial Numbers .... They Are Absolutely Fantastic! ..... This Is a Non-Profit Organization?????

The third Democratic 2020 Presidential candidate debate was held in Houston, Texas on September 12, 2019.  The stickout strong performers in this debate were Amy Klobuchar, Pete Buttigieg, Beto O'Rourke and Cory Booker.  The only one of the Top Four candidates in the polls performing OK in this debate was Elizabeth Warren, with the other Top Three in the polls slipping in performance in this debate, especially two of them Kamala Harris and Bernie Sanders.

The most insightful recent move by the Democratic Presidential candidates is Pete Buttigieg's Bus.  With this acquisition, Pete is showing his confidence in very effectively dealing with the press on a constant basis.  This move should eventually propel him into 3rd place in Iowa behind Elizabeth Warren and Joe Biden and give Pete a decent shot of eventually reaching the coveted 15% of Iowa's caucus vote.

The fourth Democratic 2020 Presidential candidate debate will be held on October 15, 2020 at Otterbein University in Westerville, Ohio, a Columbus suburb.  It's good to see that the New York Times will be one of the hosts.  The quality and relevance of the questions should improve substantially from what they were in the first three debates where the key economic issues played such a minor part.

The key issue to Ohio citizens should be the huge and continuing Income Inequality Expansion which is at the core of many critical problems the US faces.

While increasing the US federal minimum wage will help here, there is a much broader and critical problem that needs to be solved.  The annual percentage increase in the pay and employee benefits of Company non-executive employees are minuscule in relation to that of Company executive employees and this has been going on for decades.  When Corporate CEOs and CFOs primarily view non-executive employees as a Cost rather than as a Person, this is what happens. And neither political party has had the courage to take on US Corporations here.

But it's more than just US Corps.  It's also other for-profit US Organizations like Partnerships and Trusts.

And it's also relates to US Non-Profit Organizations, including Non-Profit Hospitals and other Non-Profit Healthcare Organizations, which for decades have experienced just huge and continuing differences in annual percentage pay and employee benefits increases between executives, including doctors and other highly-paid medical professionals, and non-executives employees.  And neither political party has had the courage to take on US  Hospitals either.

To give you a perspective on just how financially strong the large US Non-Profit Hospital Systems are, at the very bottom here are key financial statement information from its June 2019 financial statements of the huge Cleveland Clinic Health System.
  

There have been many US Government laws enacted in the past two decades that have substantially increased income inequality expansion, but none more so than the Trump Tax Cuts Act.

On the other hand, the only highly effective US Government law enacted by either party in the past two decades that has substantially reduced income inequality expansion is Obamacare.

My objective is to get a better handle on just why the US and Ohio here has such massive continuing Income Inequality Expansion ..... it appears to be predominantly about the relative long-term annual pay raise percentages for the executives of a Company vs the many non-executive employees of a Company, coupled with the stock price appreciation subsequent to the time the company executives were rewarded in their pay with stock equity compensation.

To fix Income Inequality driven mainly by Company and its Board of Director choices on Percentage Annual Pay Raises, the US Government should step in and pass wisely-designed, simple but effective Fair Pay Raise Income Inequality Narrowing Company tax incentives for Companies which reward non-executive employees with fair pay increases ..... the carrot ..... and Company tax disincentives for Companies which reward executive employees with clearly excessively high pay increases ..... the stick.  I am certain ..... it is simple math ..... that this tax proposal would be very effective in substantially reducing the huge income inequality expansion that has occurred for decades in annual percentage pay raises between company executives and the rest of the company employees.

The above Fair Pay Raise Tax proposal could also be applied to US Non-Profit Organizations like Hospitals and other Health Care Organizations, which are known for their creating huge and continuing income inequality expansion due to their discriminating policies on annual percentage pay and employee benefit increases between executive and non-executive employees.  

And the continuing annual net tax revenues raised by the US Government here should be set up in a separate fund to be used only for wise additional income inequality narrowing initiatives.  This fund should be run by an outside group made up entirely of minorities harmed the most by Income Inequality Expansion of the past decades  .....all women, all blacks, all Latinos, all other non-white people, all past and present union members, all LGBTQ, all non-employee contract workers and all middle and lower income people of all ages, including those retired.

Also, the US Government should require all US Corporate Boards and US Hospital Organization Boards to include at least one worker representative.

Below June 30, 2019 Financial Statements Information in Electronic Municipal Market Access (EMMA)

Cleveland Clinic Health System

Operating Income:
..... First Six Months of 2019 ...........$152.4 Mil
..... First Six Months of 2018 ............$72.7 Mil

.................. % Increase .......................  110%

Excess of Revenues Over Expenses (Net Income)

..... First Six Months of 2019 ..........$1,145.9 Mil

..... First Six Months of 2018 ..........$   187.2 Mil

.................. % Increase ...................... 512%

Increase in Net Assets:

..... First Six Months of 2019 ..........$1,296.8 Mil
..... First Six Months of 2018 ..........$    212.9 Mil

.................. % Increase ...................... 509%

Balance Sheet Financial Strength:

..... Net Assets (Assets - Liabilities) at June 30, 2019 ............$10,817 Mil
..... Total Assets at June 30, 2019 .........................................$18,622 Mil
..... Net Assets as a % of Total Assets ....... 58%

Total Asset Mix at June 30, 2019
..... Long Term Equity and Debt Investments .................... $  8,272 Mil
............. % of Total Assets  ..................... 44%

..... Property, Plant and Equipment, Net ............................. $5,781 Mil

............. % of Total Assets  ..,,,,,,,,,,,,,,,... 31%

..... All Other Assets ............................................................ $4,569 Mil
............. % of Total Assets  .................... 25%

Total Assets ...................................................................... $18,622 Mil