Your Views: Obamacare supplements offer example why we have class warfare

Comments Comments Print Print
Friday, December 27, 2013

Recently I read an article in which Peter Schiff, CEO of Euro Pacific Capital, stated that Wal-Mart could not afford to pay its employees $15 per hour without raising prices.

With the implementation of Obamacare, American workers with these incomes qualify for government supplements to help pay insurance premiums:

-- Up to $28,725 for individuals.

-- Up to $38,775 for a family of two.

-- Up to $48,825 for a family of three.

-- Up to $58,875 for a family of four.

-- Up to $68,925 for a family of five.

-- Up to $78,975 for a family of six.

-- Up to $89,025 for a family of seven.

-- Up to $99,075 for a family of eight.

If you make more than that, you pay into the fund. So workers who make more are forced to supplement workers who are in these brackets. In other words, you are forced to supplement Wal-Mart’s workforces’ health insurance and that of other multibillion-dollar corporations. Meanwhile, CEOs continue to stuff millions of dollars in their own pockets.

Maybe the CEOs could take pay cuts in order to pay their workers enough so the workers could afford to pay for health care, rather than rely on working people to do it for them? I assume we all know that won’t happen.

A lot is being said about class warfare in this country. This is a prime example of why we have class warfare.



Comments Comments Print Print