Look you and the talking heads are not going to convince us that which Mr. Genious couldn’t convince Scalia, Thomas, Alito, and Kennedy.
To cut and paste from Mr. Denninger earlier:
“And worse, none of them has proposed a damn thing to deal with what the Supreme Court just did, which is grant a permanent ability to the Federal Government to compel any behavior by linking it to a tax. Some examples of where this can (and might in the near future!) go include:
•You make cars. You’re told to sell a car to anyone who makes under $25,000 a year for $5,000. This is of course under your cost of production. If you refuse, every car you make is subject to a $5,000 tax. This is now Constitutional, as of this last week.
•You would like to have three kids. The government decides that you may have only two. If you have get pregnant with a third and refuse to have an abortion you must pay $10,000 a year in additional tax forever. This is now Constitutional, as of last week.
•You may have all the abortions you want, but each costs $10,000 in tax. This is Constitutional, as of last week.
•You must eat Broccoli and submit receipts with your 1040 proving you bought 1lb of Broccoli per person in your household per week. If you do not, you must pay $5,000 in additional tax. This is Constitutional, as of last week.
•If you are more than 10lbs overweight you must pay $2,000 of additional tax for every 10lbs overweight you are, with no cap. This is Constitutional, as of last week.”
Welcome to the new state. They own us.
First of all for all my admiration of Mr.Denninger, you and I both know that the power to tax is already absolute, subject only to political pressure.
Go back and look at the near confiscatory rates prior to Reagan...Telling congress, If It look like a tax, it walks like a tax, and it quacks like a tax, it’s a tax...covers new ground only in so far, that they’re being served notice, that the type of shenannigans they’e been pulling are over.
A blow for transparency, and makes the political process more honest.Hard to see that as a bad thing...
Liberals have been getting away with (as in this very stark example) this kind of thing for decades.
FCOL, SCOTUS has already ruled the Social(ist In)security is in fact a tax, and an IOU.... As is Medicare/OASDI. Or the Gore tax.
What limits do you see ?
Only what can be afforded political cover.
Roberts, as Lane and others have described dealt serious blows, to the left, whose effects will be felt in this election, and well beyond.