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To: tcrlaf

It was never about health care. It is a communist redistribution of wealth.


13 posted on 11/08/2013 12:32:27 PM PST by SC_Pete
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To: SC_Pete
Yes.

And the long-term societal effects of ObamaCare are way worse than most people think.

It will profoundly affect lifetime economic attitude and outcomes of people whose immediate income prospects are in the range of 300% and 600% of the poverty line. The nature of OC subsidies is that they are eliminated when a person or a family's income exceeds 400% of poverty line. For a married couple, this is $62040/year. For a couple in their mid-50s, earning just $1 over that threshold causes their tax bill to go up by about $7400, a 740,000% marginal income tax rate.

The marginal rate effect is not quite so large for younger people, but it is high enough to make it rational for many to aspire to 400% of poverty line, and no higher. This will cripple the work ethic and halt upward mobility, and thus achieve the Progressive egalitarian ideal (well, except for the ruling class, but they never were supposed to be equal to the hoi polloi.)

America RIP, brought to you by Hope'n'Change™.

46 posted on 11/08/2013 2:06:53 PM PST by Skepolitic
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