As I mentioned yesterday on GrokTALK!, we can now see the wealth flow, as Obama and Saul Alinsky put it, from the Haves to the Have-Nots (the actual purpose of Obamacare).
Note the flows out of the next higher quintiles on a percentage basis. As opposed to what we were told by Obama and the Democrats, it is larger from the middle class than from “the rich”. We were always told the rich would be hit hardest but as many of us said at the time, it would be as we see it here. (H/T: Greg Mankiw)
