There are so many things wrong with ObamaCare that it’s hard to know where to start. One of the latest is something CNBC is calling a “quirk” that
. . . could ultimately mean thousands of dollars less for you under a quirk in the new health-care law going into effect this fall. This could prompt some people to cut back on their hours to avoid losing money.
“It’s sort of an absurd scenario,” said Jonathan Wu, ValuePenguin.com’s co-founder. “It’s something for people to be aware of.”
In that scenario, an individual or family whose annual income surpasses maximums set by the federal government—if only by $1—will totally lose subsidies available to buy health insurance under the Affordable Care Act.
The loss of those subsidies in some cases will mean that people potentially would have been better off financially if they had worked less during the year, Wu said. And they then would have to work significantly more to make up for the lost subsidy.
That’s right, this “quirk” that many of us would argue is designed to be an economy-destroying feature of the ObamaCare Tax monstrosity rewards people with tax-payer-funded subsidies for doing less work. It not only destroys the economy, but also destroys one of the things that distinguishes Americans, that contributes to that other “notion” that Obama disparages: American exceptionalism.
We already know that Obama and his radical cronies don’t approve of entrepreneurship–we all remember “you didn’t build that“, so it’s not a big surprise that an incentive is built into ObamaCare to work less / get more from government. The “government,” of course, means the taxpayer–who, let’s face it, will be paying significantly less in income taxes with both the 30-hour work week and the incentive to work less, earn less. That’s a recipe for less revenue, not more, so of course, we can expect a great many more taxes on everything else to make up for the loss . . . and to hide the fact that Obama raises taxes, particularly on the middle classes, constantly, but under the radar.DONATE
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