taxation

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Tragedy of the Commons

We forget the tragedy of the "commons" at our own peril. That is, the incentive for short-term gain by individuals acting in their best interest leads to a long-term result that is in no one’s best interest.

Individual Mandate Penalty = Taxation

In an outcome very few court experts predicted after hearing the oral arguments, the Supreme Court left the Affordable Care Act of 2010 largely untouched. Chief Justice John Roberts limited the ruling to say that the individual mandate’s penalty for not having health insurance counted as a tax increase.

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