Posted on 06/03/2016 9:40:23 AM PDT by Lorianne
Reader WC Varones emailed an article he wrote on Obamacare and the Disincentive to Work.
At the heart of the matter is a redistribution scheme that punishes the middle class the most, and the wealthy the least, for the benefit of the poor.
“As awful as Obamacare has been at its purported goal of making health care affordable, it has been unquestionably successful at one of Obama’s other primary goals: the redistribution of wealth. Unfortunately, the poor design of the redistribution function is one of the reasons Obamacare is failing.
As the Economist points out in “Healthy Dose of Redistribution“, Obamacare imposes new taxes and costs on the middle class to fund subsidies for low-income earners. Low-income people get Obamacare for almost free, while middle class families are required to pay full freight for the most expensive government health care plan in the world by far.”
Varones took data from an Obamacare Subsidy Calculator and crunched the numbers for a married couple in their 50’s in San Diego.
He posted the Subsidy Data along with a chart that shows a huge drop-off in after tax income if you make too much money.
I copied his spreadsheet, and prettied up the chart a bit with data points and axis labels. This is what it looks like.
(Excerpt) Read more at mishtalk.com ...
yeah, well, we had to pass it to find out what was in it.
The people making the most are the consultants for governments. If you work for a company that has government contracts, you are doing fine. And the “marketing budget” goes to campaign contributions. Mostly to the party in power.
never forget; what the government givith, the government can takith away. In other words, those in DC are masters at creating problems that affect American’s lives just so they can then fix the problem and take credit. In the process the citizen tax payer ALWAYS loses either money, freedom or liberty or in most cases, all three.
Everything this President has touched turns to crap or is crap right from the gate.
The sad thing is; he’s proud of those facts! Hard to imagine a US President working to undermine the USA but we have had one for almost 8 years. The day he leaves office for good will be a day to celebrate. If, or hopefully, when Donald Trump is sworn in it will be a double celebration. Out with the worse ever and in with possibly the best ever. TBD.
“...yeah, well, we had to pass it to find out what was in it.”
One of the WORST things the GOPe has EVER done to the American people.
Just look at the latest employment numbers.
Forbes: May 2016
The employment picture took a turn for the worse Friday with new data showing the weakest payroll gains in nearly six years. Meanwhile, the unemployment rate dropped to its lowest rate in nearly nine years as people abandon the labor force.
but, was it unexpected?
Succinctly put!
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