Posted by Leonard Steinberg on February 7th, 2014

Is it possible that OBAMACARE could be good for the high end of luxury real estate in New York? This week it was revealed that the overall level of labor will fall by 1.5% to 2% over the decade, not merely by 800,000, according to the Congressional Budget Office estimates.

That’s rather frightening, but my theory suggests that with fewer people working, those that will have jobs will be pressured to work harder, for possibly a bit less. This, combined with technological advances and automation and increased corporate efficiencies (fewer people doing more work) could make those at the top even more money than before. This is a rather unpleasant theory, but it seems every time a corporation lays off a swath of employees the stock price rises.

France’s theory that shortening work weeks would result in corporations hiring more to get the job done was proven wrong.

incentivizing people to work is never a good thing:  Because the insurance subsidies are tied to income and phase out as cash wages rise, some people will have the incentive to remain poorer in order to continue capturing higher benefits. income workers are discouraged from climbing the income ladder by working harder, logging extra hours, taking a promotion or investing in their future earnings through job training or education. controlled apartment want to work harder, earn more, and thereby no longer qualify for this subsidized housing?

Governments are not the only ones guilty of this practice: often large corporations in their hunger for more profit, chip away at the incomes of their workers to become richer. Often this can dis-incentivize their people and backfire.

So where does this leave the middle class? Well, I’m afraid they will probably be left to foot the bill for the dis-incentivized, highly subsidized poor, and the rich whose brilliant lawyers and accountants will structure methods to minimize their tax exposure.

The solution: instead of scrapping the program, the dream would be for both Republicans and Democrats to sit down and modify the program to repair the areas that are damaging. Bi-partisan solution-making, as opposed to political posturing, can actually work for those who elected these incompetents to office. If anyone thinks universal health care is not possible in a capitalist society look no further than Switzerland, the world’s ultimate capitalist society.

Trend-wise, its very possible that discretion and high security will become the new ‘it’-factors for the rich real estate buyer in New York who will probably want to spend more on their homes than ever before as a safety-nest tucked away from a more angry world: flashy, in-your-face wealth could anger the masses who will be either the over-taxed middle class or the dis-incentivized poor.