Wednesday, October 30, 2013

What Does the Tea Act and Obamacare Have in Common?

What does the Tea Act that inspired a revolution and Mr Obama's crowning achievement, the Affordable Care Act, aka Obamacare, have in common?

Other than they both embodied pure crony capitalism, not a whole lot.

The founding fathers started an armed revolution over a 2% tax on tea called for in the Tea Act.

Today, Americans pay an average of 9.6% sales tax on food, clothing, and everything else they buy [1], 3.5% of their total household income on property taxes [2], 17.4% federal taxes on their income [3], 3.9% state taxes on their income [4], 2.65% unemployment tax on their income [5], 12.4% social security tax on their income [6], and 2.9% medicare taxes on their income [7].

And now Americans are being forced to purchase health insurance they may not want nor need on a website that doesn't work or face additional penalties and taxes on their income.

And still, Americans think voting can turn things around...


Insedit said...

Very well put.

Anonymous said...

Related to this is the comparison of the verbiage of obamacare with anything written by the Founders. The obamacare legislation has more words than the Declaration of Independence, Constitution, Bill of Rights and the Naturalization Acts of 1790 and 1795 combined. No wonder no one read the obamacare legislation prior to its passage.

Anonymous said...

What do you and beer bottles have in common?

Both empty from the neck up.