Here’s a clue for those who support ObamaCare because they get lower rates. ObamaCare will still come out of your wallet in all manner of knock-on effects it will have in jobs lost, prices raised, etc. Strangling the economy won’t provide you subsidized health insurance for long. Cf. Maggie Thatcher. Also, see tagline.
“ObamaCare will still come out of your wallet”
Exactly right.
Just some examples...
Theoretically “take from the rich and give it to the poor” — but we all know how well socialism works, it eventually makes everyone poor.
2 Obamacare Taxes to Watch Out for Right Now
“Dan Caplinger, The Motley Fool’s director of investment planning, discusses two of the taxes that were included in provisions of the Affordable Care Act. He explains how one imposes an extra 0.9 percentage-point tax on Medicare withholding for certain high-income taxpayers,...
Second, a new net investment income tax of 3.8% applies to investment income for the same high-income taxpayers, defined as single filers with more than $200,000 in income or joint filers with more than $250,000 in income.”
We’ve recently already seen a 25+% increase in the cost of food and energy, so imagine the cost as healthcare gets passed on to the consumer?
ALSO: No one is discussing the new 4% Obamacare tax on the sale of your home. That is going to do what to real estate?