The Power To Tax Is the Power To Destroy
The Supreme Court decision is devastating for the economy and individual liberty. Apart from creating an all powerful federal government, changing substantially what it means to be an American, the law will send health care costs soaring, further undermining our economy. It will destroy jobs, impoverish millions, and lead to much higher inflation and lower living standards.
It will give Romney a club to use against Obama during the election. Obama will have a lot of explaining to do as he strongly stated during the debate to pass the bill that the individual mandate is not a tax. The Supreme Court just said it was.
In his majority opinion Justice Roberts specifically said the government does not have the authority, under the Commerce Clause, to compel Americans to buy a product. He then said it has unlimited power to tax people who do not buy products the government wants them to buy. This is a distinction without a difference. Based on this ruling, here are examples of what the government can now do:
Tax you for going to church. Tax you for not going to church. Tax you for protesting. Tax you for not protesting. Tax you for expressing a controversial opinion. Tax you for joining or not joining a particular organization. Tax you for writing something controversial. Tax you for speaking or writing critically of government. Basically, there is nothing the government can’t do, so long as it does it as a tax.
Harold
ObamaCare cooked Housing Market Recovery:
In 2014 Americans will be forced to purchase expensive health insurance under Obamacare or pay fines. The annual costs of forced health insurance will disqualify millions of Middle Class home buyers from saving a substantial down payment or qualifying for a home mortgage. Millions of current homeowners will not be able to pay both the annual costs of forced health insurance, or penalties for not purchasing health insurance and their home mortgage. Home buyers qualified in 2012 to buy a home will be locked out in 2014. Beginning in 2014 home buyers to offset the costs of forced annual health insurance or penalties will have to make low-ball offers on houses. That will further hinder home values moving upward.