Monday, August 29, 2016

You can economize on everything except taxes.

Zerohedge writes:

The fact is, the overwhelming majority of the 95% we mention above is comprised of middle-class consumers who are bearing the brunt of the burden of rising health insurance costs.  In fact, a June Brookings Institution study found that middle-income households now devote the largest share of their spending to health care ever, 8.9%, a rise of more than three percentage points from 1984 to 2014.  Per the Wall Street Journal, since 2007 middle-class families have been forced to increase the share of their overall spending on healthcare by nearly 25% while cutting back massively on other necessities to cover the difference. 
So here in one simple chart is why President Obama's Affordable Care Tax is crushing the middle-class more than any other social strata...
Middle Class Spending on Healthcare
So, for those wondering why the "recovery" from the "great recession" has been so muted perhaps you need to look no further than the massive healthcare tax imposed on the middle class by Obamacare.

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