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Watch the stock market. If the tax bill benefitted the rich instead of the working class, the stock market would have soared after it passed. It hasn't.
Why are you pretending it won't benefit the rich
Sounds like you are saying the bill will hurt the stock market. Is that it?
Wall Street vets say an attack on blue states could start a chain reaction in the housing market. “Will this be the first tax cut in American history that actually results in a recession?”
Obama care insurance mandate. What do you think will be the result of removing it? What I am thinking is some percentage of the population with nothing much to lose will drop their medical insurance. Then if they want medical treatment they will simply go the the emergency room, ultimately not pay for the services, and the cost for their treatment will be passed on the rest of the people.
Obama care insurance mandate. What do you think will be the result of removing it? What I am thinking is some percentage of the population with nothing much to lose will drop their medical insurance. Then if they want medical treatment they will simply go the the emergency room, ultimately not pay for the services, and the cost for their treatment will be passed on the rest of the people.
Am I looking at this wrong?
Yes, they will go back to using ER for their medical needs, where the costs are 10 times higher than at the docs office. The rest of us will pick up their bill.
Obama care insurance mandate. What do you think will be the result of removing it? What I am thinking is some percentage of the population with nothing much to lose will drop their medical insurance. Then if they want medical treatment they will simply go the the emergency room, ultimately not pay for the services, and the cost for their treatment will be passed on the rest of the people.
Am I looking at this wrong?
Don't think you're off base here, "When you ain't got nothing, you got nothing to lose" ( Bob Dylan's 'Like A Rolling Stone' ).
Long term v short term benefits &, of course, either way, 'Cui bono?'
People don't like targeting, even if they are not the targets themselves.
Even if this was a purely politically motivated ploy, it still doesn't make sense economically. It's a challenge to defend by using long term economic 'past performances' to support.
I thought it an apt analogy to compare to a 'Ponzi Scheme'.
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