” The arrogant encroachments of the Townshend Acts immediately rekindled American resistance to British oppression.” — Prof. Murray N. Rothbard, “Conceived in Liberty, Vol. 3”
President Obama and his Democrats have sown the seeds for their own political destruction, as these millionaires pass their mandates on an increasingly terrified and angry populace. The Supreme Court Obamacare ruling will be their Achilles heel, and, from now on, they will face ever increasing difficulties, for they have mobilized a massive resistance to their re-election with this ruling, and literally millions of Americans are now wondering where they are going to get the extra after-tax money to pay these huge monthly premiums on policies with huge deductibles that afford little protection. The blood-pressure levels in America must have risen exponentially overnight as a new dose of Obama-worry shortens her inhabitant’s lifespans. More worries for the businessman, and more worries for the worker who might now be laid off. Yet unseen are the worries of the unemployed worker who now will not get hired because of the new insurance costs for the small businessman. The lowered employment this act will lead to will not be measured or reported statistically, but it will show up when the “experts” are once again surprised at why the unemployment rate stays stubbornly high. They will not mention Obamacare.
But all this uncertainly will lead to one effect: millions of Americans who were not affected by the individual mandate and its ensuing tax penalty, and who were comparatively indifferent to whether Obama or Romney or Johnson got elected, will now be passionately concerned who the next President will be because it will mean the difference between paying a huge monthly extortion to a private insurance company, or paying a huge monthly extortion to the federal government, or paying no extortion at all. These people will suddenly have a great incentive to vote for Romney, since a vote for him will now be equated with a vote against Obamacare and the mandate-tax. These independents and “indifferanti” will now become firm Romney supporters just because they are afraid of falling into poverty due to this outrageous impost of the Federal Government, the Obama Administration, and Congress. Voting for Romney will be seen in the same light as the Revolutionary Colonist’s agreeing to their non-importation boycotts of British goods after the heinous imposition of the Townshend Acts by the then-reigning Obama, King George III and his Tories in Parliament. Obama, Pelosi and Reid have sown the political wind, and now they are going to reap, politically speaking, an Arkansaw twister.
All this is probably bad news for Gary Johnson’s campaign. Johnson would also get rid of this obvious start of a deeply Communistic America, run by the corporations and the big-government Dems and Repubs, which is almost all of them. Those considering a principled, ethical, vote for Johnson, to avoid blood on their hands and soul, may now be stampeded towards Romney out of pure fear of the slaughterhouse. The millionaire lawyers in Congress and the White House, who have made their large fortunes by flapping their lips in Congress, after making small fortunes getting paid for flapping their lips in Government Universities and Colleges, are so out of touch with the anxiety of the slightly upper-middleclass fulltime worker or self-employed that they have no idea what they have just done to themselves.
Not only that. The Medicaid expansion to those States that have embraced Obamacare (usually with Democratic Governors) will give a huge boost to the dis-incentive to work that this provision will create. For those in the $50-60k/yr range, it may pay to drop out entirely, and let Medicaid pay or largely subsidize their premiums, rather than work 8-5, five days a week, just to pay the monthly cash tribute to the Obama-Buffett insurance companies and banks, money that could have been used for sound vegan food to try to preserve their health in this brutal, bureaucratic world that Obama has solidified during his rule. This Medicaid provision may work, much as Rothbard pointed out the Guaranteed Annual Income would work, in killing the incentive to work, so that more and more of the population would drop out, and live on the Guaranteed Annual Income and free medical care provided by the taxes of the fewer and fewer workers, while the deficit spending this would require would continue to degrade and inflate the currency, so that the annual inflation rate would rise as would the annual COLA (cost of living increase), thus forcing the raising of the Guaranteed Annual Income at a faster and faster annual rate, until the currency completely collapsed from hyperinflation. This will occur now that this provision has become law.
The coming end to the Bush tax cuts, the higher cost of hiring with Obamacare, and the huge incentive now for the lower middle-class to drop out — all these will greatly worsen the economy which is already in depression. But Obama and his Queen Pelosis, living in their Washington Irondome, don’t have the economic imaginations to forsee all this. As Hayek pointed out, in all bureaucracies there is a marked tendency for the mediocre to rise to the top. Holder, Pelosi, Reid, Obama, Romney.
Nor has Obama learned anything from Maggie Thatcher. You’d think politicians would remember the same mistakes that King George III and Thatcher made, but Obama proves that they often don’t. Now, you remember how Mrs. Thatcher was riding high in British politics; the unions had had their testimonials cut off by the Iron Lady; the economy was ebullient; and her popularity was high. And then she threw a spanner in the works: her poll tax.
The poll tax, because it affected every single member of the British populace, suddenly brought home the meaning of taxation to the millions of Britains who didn’t have to pay tax and never dreamed they would. The rage and opposition was immediate, much like the rage and opposition Silverwolf read on the internet yesterday, after this infamous ruling by SCOTUS. Thatcher’s popularity plunged, and the opposition to her rule grew suddenly vociferous. It was the Iron Lady’s downfall.
Now Obama and his girls in Congress have rammed through this outrageous depredation on the economic security of millions of Americans, and made it a life-or-death issue for every American while throwing millions into economic insecurity overnight, they are going to face the concerted might of an incensed huge majority. It’s 1768 all over again.
“Wilkes, Liberty, and No Stamps!”
Hooooooooooooooooooooooooooooooooooowwwwwwwwwwwwwwwww! — Silverwolf