Saturday, November 29, 2014
ObamaCare's "wellness" mandate is under attack in the courts by the EEOC
Maybe this will wake up people to the injustice of taxing people for not buying something. Since when is a contract between buyer and seller still a valid contract when there is compulsion involved? "Hey buddy, buy this or else." That's not really buying anything. That's extortion. Similar compulsion in this case if recognized by the courts could be used as a precedent to overturn the individual mandate. Whoever thought George H. W. Bush's ADA would get us to that?
From the story here:
[R]equiring medical testing violates the Americans with Disabilities Act.
That 1990 law, according to employment-law attorney Joseph Lazzarotti of Jackson Lewis P.C. in Morristown, N.J., largely prohibits requiring medical tests as part of employment.
"You can't make medical inquiries unless it's consistent with job-necessity, or part of a voluntary wellness program," he said.
The lawsuits are based on the view that it is no longer voluntary if employees face up to $4,000 in penalties for non-participation, loss of insurance or even their jobs.
Bonds still beat stocks over the last 15 years
![]() |
"King Kong" 1933 |
Your average annual nominal return from the S&P500 with dividends fully reinvested comes to 4.61% from October 1999 through October 2014, per Ironman.
Your average annual nominal return from the Vanguard Intermediate Term Bond Index Fund (VBIIX) for the fifteen years to 11/28/14 has been 6.48%, per Morningstar.
That's a 40% better rate of return from bonds than stocks on average.
"Hey, what's this show about, anyway?
"I don't know — they say it's some big gorilla.
"Oh, geez — ain't we got enough of them in New York?"
Subscribe to:
Posts (Atom)