^ This
We have reached a point where the middle class in America think they are poor, and much of the upper class thinks they are middle class.
This is what class warfare brings.
Obamacare will provide federal subsidies to those at 400% of the poverty level. For a family of four, that means families with household incomes approaching $90,000 per year will receive subsidies. Congratulations, you are now "poor".
We are headed back to 70% or greater tax rates on the truly rich.
The fools who believe when the economy collapses, the new American proletariat will turn to the entrepreneurs to bail them out, like a scene out of Atlas Shrugs, will be in for a surprise. Instead, the former middle class, convinced they were poor all along, will pick up a torch and march on the rich with the Trumkas and Warrens.
This statement is not accurate.
An accurate statement would be ..."Obamacare will provide federal subsidies to SOME OF those at 400% of the poverty level.
There will be SOME people who contact their social worker, immigration adviser or local ACORN office and request these benefits. Same thing with food stamps, WIC, section 8 housing, medicaid, etc...Then there will be OTHER people who may be eligible but don't seek the benefit.
I have been thinking lately, what would be the consequences if everyone who was technically eligible, got the benefits?
We know already that the system is unsustainable. If we were to exaggerate the faults of the system by having everyone eligible "draining the teat", the system would fail far sooner than it would otherwise.