The Long Kiss Goodbye
The long kiss goodbye refers to the American middle class and their road to extinction if
the current form of national health care (Obama Care) passes.
As usual, Congress has
vastly underestimated the costs of this plan and has...
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The Long Kiss Goodbye
The long kiss goodbye refers to the American middle class and their road to extinction if
the current form of national health care (Obama Care) passes.
As usual, Congress has
vastly underestimated the costs of this plan and has overestimated the tax revenues to pay
for it.
As an example, in 1965 the Congressional Budget Office estimated the cost of
Medicare 25 years latter in 1990.
Their estimated cost was $13 billion.
The actual cost
was $109 billion.
Congress will be forced to seek additional revenues.
This will fall hard on the American
middle class because that is where the money is.
Contrary to popular belief, there are not
that many wealthy people to tax.
(Even less now after this deep recession.
) One of the
taxes to come will be a value added tax (VAT), but others will follow.
The power to tax is the power to destroy.
It is the American middle class that will take
the brunt of it.
Economic growth and job opportunities will suffer.
Be Solvent an
Less
