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How Obamacare Screws the Working Class…Hard

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  1. Seipherd says:

    One thing that’s left out of the Ocare tax discussion is how much more difficult it will be to take home any rewards for getting a pay increase.

    As your pay goes up, the Ocare subsidies go down. If you earn $60k and get a $10k raise (like that’s going to happen in this Oconomy?) you might end up with half of the raise going to pay for your Ocare premiums since you’ll lose Ocare subsidies, and a chunk of what’s left over will go to pay higher income taxes.

    And don’t forget to figure in inflation sucking most or all of the rest away. The Gubermint can’t just magically create new wealth to pay for Ocare, but it can print money to hand out to suckers.

    Your reward for working harder will be just that — you’ll be working harder with little else to show for it…

    Keep in mind, the USSR really didn’t fall because of Reagan and Star Wars. It fell because it made all sorts of socialist utopian promises it couldn’t pay for. It’s fiscal and moral bankruptcy caught up to it — soon coming here if things don’t turn around quickly…