I think I done so many, many times. But, here goes.
1) I can't find any clause in the Constitution that provides for this legislation. To say that penalties are a tax is fraudulent at best.
2) It will cost a fortune. Among other things, this legislation mandates available coverage for previously uninsured. From a socially conscious stand point, this is not a bad thing as over the years, me like most others have heard of people who are ill either losing coverage or being unable to obtain coverage. However, to cover these people will drive up costs. Those rising costs send premiums higher. These higher premiums will then be subsidized to make them "affordable." Those subsidies will result in either higher taxes or an increase in the national debt.
3) This is system relies on massive government input which if history is any indication it will be fraught with massive under estimates of true cost and layers upon layers of costly bureaucracy.
4) Like Social Security it's inevitable that the $$$ that are supposed to be collected for this will go to some other expenditure and much like Social Security one day we will be told how the system is going to run out of $$$ so adjustments must be made, in this case the amount of the subsidy, which will lead to people being forced to buy coverage that is 2-4 times what they are paying now. By the time this is realized, it will be to late to do anything about it.
5) We were fed lies to get this passed. Obama said it would not raise taxes on the "middle class." We know that was a lie as millions of middle class taxpayers claim the unreimbursed medical expense deduction. The threshold % is increased 25% as part of this bill. In addition, it includes a medical device tax which will simply be passed on to the consumer. The subsides have to come from somewhere, absent cuts somewhere else to say these will not increase the overall deficit is preposterous.
I could go on, but it's your turn.
Abrignac wrote: