Tag: $10

Why Less than 10% Make Change Happen

Guest Post by Martin Armstrong

INVESTMENT GROUP

Canada is especially hard because the general population have really been indoctrinated with socialism. Your government even calls it a new “sharing economy” and overall Canadians have tolerated higher taxation than Americans without complaint. The confidence in government use to be even higher in Japan going into the 1990s.

Genius-A StudentsCritical thinking that leads a person to question his immediate surroundings takes place in less than 10% of the population. It has long been recognized that education today seems more about indoctrination. Schools do not teach people how to create mega companies. This is why the popular saying is why “A” Students work for “C” students and “B” students work for government. To be an A student you need to just memorize what the correct answer will be – not understand it. “C” students are the dreamers like Albert Einstein, whose elementary school teachers thought that he was a foolish dreamer, and one teacher had even asked him to drop out of his class. “C” students put up with the teachers but reject indoctrination retaining their own objectivity, which teachers reject.

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Obamacare plans put big dent in customers’ wallets

So in the real world, the cost of healthcare – even for Obamacare enrollees – uses up at least 10% of people’s annual income. The Obamanistas blather about the low subsidized premiums, but NEVER talk about the $6,000 deductibles because that obliterates their false narrative of affordable healthcare for all. 

Our friends at the BLS declare that medical costs only account for 7.7% of household costs and are only going up by 2.9% per year. Isn’t that precious? They underweight the expenses dramatically and then they have the balls to tell you your healthcare expenses are going up at 2.9% per year when you know they are going up by at least 10% per year. Obamacare is essentially a never ending proctology exam for the American people. Bend over folks.

WE OBAMACARED SOME FOLKS

 

Via CNBC

You might not be reduced to living on Ramen noodles if you buy Obamacare coverage — but your bank account certainly could feel a bit leaner.

A new study reveals that many Obamacare customers pay more than 10 percent of their incomes toward coverage. And the share of income eaten up can be much greater for some people, particularly if they use a lot of health services under their plan.

Martha Lucia (L) sits with Rudy Figueroa, an insurance agent from Sunshine Life and Health Advisors, as she picks an insurance plan available in the third year of the Affordable Care Act at a store setup in the Mall of the Americas on November 2, 2015 in Miami, Florida.

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Martha Lucia (L) sits with Rudy Figueroa, an insurance agent from Sunshine Life and Health Advisors, as she picks an insurance plan available in the third year of the Affordable Care Act at a store setup in the Mall of the Americas on November 2, 2015 in Miami, Florida.

One in 10 Obamacare customers who earn between just two and five times the federal poverty level will have coverage costs that exceed 21 percent of their incomes, an analysis by the Robert Wood Johnson Foundation and the Urban Institute found.

And the median Obamacare customer who earns in that range spends more than 10 percent of their income on monthly premiums and out-of-pocket health expenses, the analysis found.

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STATES THAT WILL TAKE A BIG HIT FROM CHINA’S DEVALUATION

In case you missed it, China has devalued their currency for two consecutive days. The devaluation has been just over 2% and it has caused markets around the world to implode. This is just the beginning. They plan on devaluing their currency by 10% in a desperate attempt to revive their floundering economy. What they are really doing is crushing the economies of the US, Europe and Japan as their companies have a harder time competing in world markets.

Those who don’t think the US is heavily dependent on China as a market are delusional. Check out this chart.

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