Obamacares Subsidy Trap for the Poor
How do you avoid this trap? If you do not apply for a subsidy, you can easily avoid it altogether. That is because if you need to buy insurance but are not eligible for a subsidy, you can do so without going anywhere near Healthcare.gov.3 (For various reasons you should avoid that website at all costs.)
Most people with even fairly meager incomes will not qualify for subsidies; the subsidy eligibility is phased out entirely once your household income exceeds 400% of the poverty level.4 This means that singles with annual income over $45,960, couples with income over $62,040 and families of four with income over $94,200 (2013 levels) get no subsidy.5
If your household income is over these modest levels, the good news — no, the hidden great news — is that you are not forced to use Healthcare.gov. In fact, you should avoid it at all costs!
The Audacity of Failure
I am not talking about the fake strutting of the wannabe peacock with the inflated ego and everything else embellished. I refer to the quiet confidence of the man (or woman) who has confronted the toughest adversity one can endure, overcome it and survived to tell the story.
There is truth in the saying, “What doesn’t kill you, makes you stronger.” The confidence of knowing one’s ability to fight, to withstand pressure, and to win, is a confidence hard to replicate without being in genuine battle (or danger) and virtually impossible to bluff.
This is what it means to be “battle-tested.” And men and women with this confidence are often the quietest in the room yet their words, few in number, carry the most impact. You see, those who have walked the walk, rarely feel the urge to talk the talk.
Read More: Audacity of Failure
The Federal Reserve – Destroying the Middle Class
The Federal Reserve was formed to promote sustainable economic growth by: stability of prices to help preserve the purchasing power of the dollar, moderate long-term interest rates, ensure high levels of employment, and overall, make sure the U.S. has a sound banking system and healthy economy.
It is clear that the Fed is not delivering on these objectives today.
Although there have been small signs of improvement since 2008, the U.S. economy is far from achieving a level of sustainable growth, and is being held back by a number of concerns. The dollar has been on a downward trajectory for years;
The Danger of Too Big To Fail, Too Big To Jail
The discouraging effect this has on entrepreneurs and business owners — people whose investments and effort are at risk of total loss — is obvious.
An unpredictable legal system presents participants in today’s American economy with a tough choice between two undesirable options: Either step on the playing field and learn what the laws are, changing on the fly, and assume the risk that yesterday’s business practices are today’s crimes,(4)
Or totally withdraw from the playing field, drop out of the economy and cease all economic activity as the only guaranteed means of avoiding the risk of criminal prosecution.
Read More: The Danger of Too Big To Fail
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