Political Football

Check down below on this blog to a post I wrote a month or so ago about Econ 101 – if you want LESS of something TAX it.  It worked on cigarrette taxing, and many other things.

Now a member of the Obama Administration is admitting that people could avoid tax penalties by earning less income.

“If we’re going to play that game, I think that game can be played here as well, because after all, the minimum coverage provision only kicks in after people have earned a minimum amount of income,” Kaytal said. “So it’s a penalty on earning a certain amount of income and self insuring. It’s not just on self insuring on its own. So I guess one could say, just as the restaurant owner could depart the market in Heart of Atlanta Motel, someone doesn’t need to earn that much income. I think both are kind of fanciful and I think get at…”
Read more at the Washington Examiner: http://washingtonexaminer.com/blogs/beltway-confidential/2011/06/obama-solicitor-general-if-you-dont-mandate-earn-less-money#ixzz1OBHsRc3J

Let me rephrase that.  A member of the Obama Administration admits this part of the Health Care Act reduces incentives to work.  Wow.  That is sick.  People should be encouraged to create their own wealth. What if all “rich people” decided to earn 30% less money.  Think that though carefully.

What has happened to America?  Are we heading towards class warfare?

and then there’s this: 71% of Democrats want to redistribute wealth

How do you decide to redistribute wealth and what is the result when only half of the US Citizens currently pay ANY taxes.  I’m just saying there is a difference between providing a safety net to those in need and those capable of working getting a generational free ride.  This is a very slippery slope we’re riding and the ending could be bad for all of us.

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