As this image illustrates, the internal revenue code is a nightmare of complexity.
And this chart shows how Obamacare is turning the health care system into a Byzantine nightmare.
So what happens when you mix bad tax policy and bad health care policy? Well, you get this chart, which shows the maze that small business owners must navigate in order to comply with a new Obamacare tax credit.
Maybe this cartoon was right after all.
Complexity is rather secondary. The pivotal principle is simple:
Drop your income to less than about $90k per year – or refrain from getting to that level – and someone else will be forced by the collective to pay the lion’s share of your lifetime health costs.
http://online.wsj.com/article/SB10001424052748704628404576265692304582936.html
That more than anything else describes America’s certain path towards lower productivity, and thus inevitably decline.
America is already in decline and that most pernicious of measures has not kicked in yet! It kicks in 2014. It is in three years that you’ll start finally being able to increase government expenditure while at the same time decrease national output. Is there a better description of decline? It is so dramatic that I can’t wait to see what happens when America steps on this last banana peel in 2014. The naiveté and delusion of the American electorate is comical.
But heck! It feels good, we gotta try it! If it does not work we can always go back right? Roll back the redistributive healthcare law and convince an electorate now accustomed to having someone else (or so they think) pay for their healthcare to revert to paying for the costs directly by themselves. Yes, sure, once I retire on ObamaCare and you start paying the bill you’ll get me to go back to work to pay for it? Dream on, keep living the delusion American people. There’s Hope that the Change will not lead to decline! Sure, anytime now you will discover how to stay in the top 10% of worldwide wealth while thinking like everybody else… sure…
[…] Dan Mitchell will scare you here! […]
The average professional in this country now commits 3 felonies a day, just with not complying with all the federla regulations.
This cannot be true! They are actually incentivizing employers who pay less and whose employees work less?!