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A new analysis by University of Chicago professor of economics Casey Mulligan finds that when the Obamacare employer penalty goes into full effect in 2015, the government will confiscate 10% more in taxes from full-time median income workers than it did pre-recession.
Mulligan, writing in the Wall Street Journal, says the shift will have dramatic negative consequences on the American work ethic and will usher in a "new wave of redistribution."
http://www.breitbart.com/Big-Government/2013/10/03/Obamacare-s-2015-Provisions-To-Seize-10-More-Of-Median-Worker-s-Paycheck
two redistribution waves put on the labor market, look at what people keep, on average, when they decide to retain or accept a job, or to take on a longer work schedule. Before the recession, a decision to work would benefit public treasuries by an amount equal to 40% of the compensation from the job. The worker and his family got the other 60%.
In the years 2015 and beyond, full-time workers with median incomes will keep only half of the compensation created by their decisions, with the other half going to the government in the form of additional taxes and savings on subsidy payments. By keeping 50% rather than 60%, workers will find that the reward for holding a job will have fallen a damaging 17%.
http://online.wsj.com/article/SB10001424127887323623304579061423122639430.html#printMode
We must kill off the evil people who work. I hate those people who work. damn them. what ungrateful snobs they are.
Mulligan, writing in the Wall Street Journal, says the shift will have dramatic negative consequences on the American work ethic and will usher in a "new wave of redistribution."
http://www.breitbart.com/Big-Government/2013/10/03/Obamacare-s-2015-Provisions-To-Seize-10-More-Of-Median-Worker-s-Paycheck
two redistribution waves put on the labor market, look at what people keep, on average, when they decide to retain or accept a job, or to take on a longer work schedule. Before the recession, a decision to work would benefit public treasuries by an amount equal to 40% of the compensation from the job. The worker and his family got the other 60%.
In the years 2015 and beyond, full-time workers with median incomes will keep only half of the compensation created by their decisions, with the other half going to the government in the form of additional taxes and savings on subsidy payments. By keeping 50% rather than 60%, workers will find that the reward for holding a job will have fallen a damaging 17%.
http://online.wsj.com/article/SB10001424127887323623304579061423122639430.html#printMode
We must kill off the evil people who work. I hate those people who work. damn them. what ungrateful snobs they are.