Shhhhhhh...I'm fixin to tell you a whopper and I want your undivided attention. My teleprompter is a wee bit blinky today.
Tuesday, October 29, 2013
Economies of Scale
Economies of Scale...http://en.wikipedia.org/wiki/Economies_of_scale
When you read this, think of the PPACA aka Obamacare. The opposite of this is Diseconomies of Scale = FAIL. If they need 7 million to sign up but 14 million are dropped from their present coverage, they need 21 million to sign up to get a net of 7 million. However, clearly, 7 million net applicants will NOT do it. That is basic Econ 101. 7 million net = FAIL.
When you read this, think of the PPACA aka Obamacare. The opposite of this is Diseconomies of Scale = FAIL. If they need 7 million to sign up but 14 million are dropped from their present coverage, they need 21 million to sign up to get a net of 7 million. However, clearly, 7 million net applicants will NOT do it. That is basic Econ 101. 7 million net = FAIL.
Even CBS Is Reporting on Obamacare!
700,000 have applied for we know not what??? Medicaid? Obamacare? In NJ alone, 800,000 booted from their present insurance policy [CBS News=Obama's own network]. CBS further reports that 2 Million thus far have been booted nationwide. This is just the beginning.
Free with Obamacare--You're gonna need it!
Mornin' Crackas! Sign up now and get a free one-year supply--this is what they meant when they told you it was free.
Obamacare Doctor Anyone? Good Luck!
I'll betcha haven't heard about this l'il problem yet have ya? Can't find a doctor? Blame George Bush.
http://bit.ly/1dIEBnI
http://bit.ly/1dIEBnI
Is It a Tax or Is It a Penalty?
Since SCOTUS questionably ruled the Obamacare fine a "tax", and not a fine, the IRS really has not determined a mechanism to collect the "taxes" due for your penalty for not signing up for PPACA. The normal mechanism is that, if you have a dispute with the government regarding your tax due, you pay the tax, then file the dispute on tax owed, waiting until Mt. Everest becomes a hole in the ground to obtain your final ruling, which you will lose by the way. Then you appeal, incurring attorney's fees/ CPA fees, other associated costs, where you will win in Appeals Court 80% of the time. When all is said and done, you will have incurred much more in costs than you will have returned to you by your friends at the IRS. All of this crap for something that has no hope of working in the first place. While I would never advise a client in such a case, I will say that, what I put for a penalty on that line on the tax return is an eraser smudge. By the time they get around to computing your "tax" penalty, the PPACA will likely be a blight on our history as a "free" republic p.s. I could be wrong but not nearly as wrong as the Sham Wow salesman who is your Huckster-in-Chief who has knowingly lied about the PPACA from the get-go. It's getting to be a habit, pathologically so, in fact.
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