News talk 2014-02-06: Expensive Obamacare $1 default content graphic

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Held over

Earning $1 extra could cost $20,000 under Obamacare
Weekly Standard ↑

Mike Caro says:

So what? This is the mathematical truth behind bureaucratic do-good programs in this category. Try harder and you get punished.

I still remember comforting a couple who worked multiple jobs each, trying to qualify for a townhouse in California. They had excellent credit, but weren’t quite making enough. They sat by and saw the government provide the same townhouse to not-so-upstanding folks who earned less money, but qualified for assistance. Sad story that will always haunt me.

Moral? Don’t put in that extra effort next time. — MC

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Mike Caro

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Known as the “Mad Genius of Poker,” Mike Caro is generally regarded as today's foremost authority on poker strategy, psychology, and statistics. He is the founder of Mike Caro University of Poker, Gaming, and Life Strategy (MCU). See full bio → HERE.


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