A= $51,000 = Avg. US worker income from OMB (hasn't changed since 1989! oops!)
B= $4.5 T$ per year = projected budget for 2014
C= 156 million = number of workers in US
Do the math yourself: Take the worker's average income in the US, A. And divide it into the projected
yearly national budget under Obama Care, at 4.5 Trillion dollars per year, B. You now have the number
of worker incomes needed to pay for that budget,
B/A = 88 million workers enslaved...
However, there are only 156 million workers in the entire US, this
means 56% of the workforce is already enslaved, holy cow.
%enslaved = (B/A)/C*100, and hence 56% of the workers...
This also means 56% of the American worker's families are also enslaved..... so....
roughly 180,000,000 slaves(56% of our population of 316 million people) are
slaves to the government. Hence, they now have considerably less life, less liberty, and a whole lot
less gas for pursuit of happiness than ever before. Why? 56% of their income would go to to pay for
some government bureaucracy, for waste. Now, go back and ask yourself, even if Obamacare is only
1/4 of that cost, why on earth would you ever want it? It's pure waste, 100% bureaucratic waste.
Smart guys like Dr. Laffer (Laffer curve) and even socialist wastrels like former Greek Prime Minister
George Papandreou suggest that rate should never ever exceed 35-40%. 56% is too much.
**** Another point of view ****
A mortgage should never exceed a two year salary level or you
will never be able to pay it back. We are now roughly at that point, C*A*2, 16 Trillion dollars, sadly
our financial survivability goes down exponentially for every trillion over 16. And somewhere around
20T$, we're toast, government creditors forever lost,
.........................sorry creditors, sorry Obama, sorry, you are about to get hosed.......................
But it gets worse. Total tax revenue for 2013 was estimated to be 5.4 trillion dollars. In the previous
analysis we found the total income of all workers to be right around 8 Trillion dollars. But 5.4 T$ could
be the maximum tax level possible, the maximum income level of the US government. If true, we have
already exceeded our maximum ability to repay the public debt, by almost factor of 2! Are we past our
tipping point, already dead from the waist up, i.e and from the waste, down?
.... We have numerous hidden taxes. But roughly 5.4T/8T gives:
68% of all worker income enslaved
Only 32% remains for.....
food, clothing, shelter, transportation, and the American Dream!
Are you kidding me? Oh, and it gets worse...
Average worker income, $51,000, is the same as it was in 1989 while inflation has doubled. This means with the increased
taxes, remaining income is only 32%. Factor in %50 lost to inflation and todays income compared to 1989 is only 16% of it's
previous value), hence, actual wages have decreased by a factor of more than 5, while buying power is 22% of 1989 levels, a
huge loss of revenue, and almost entirely the fault of the Obama administration!
So when he says his problems are inherited, pffght!: no way a trillion dollars for Obama Care is a mistake, no way 30 million
Hispanics are a mistake, no way failure to let people invest their own money is a mistake. i.e. It is a very intended and a very
naive mistake, a train wreck, entirely at the door of the Democrats. bad socialism in any country, and only feigned to be a fault
of the Republicans, but poor the poor ignorant RINO's like McCain for going along with it!