Taxation by Misrepresentation?

Chief Justice John Roberts informed the nation that the legislation known as Obamacare is viable based upon Congress’ ability to tax. Should it matter that the legislation was not represented to the nation in that manner? That is a point worthy of very real debate for years to come.

While many conservatives in the nation are disappointed with Roberts’ opinion and ultimate deciding vote, I actually think he was more concerned with a larger message, if that is possible. What was he really saying? A number of things including:

1. Elections matter!

2. Just because politicians are not telling you something, look a little deeper, determine the truth, and appreciate what is really going on.

3. Anybody with a degree of ‘sense on cents’ could and should realize that the costs embedded in Obamacare are a tax. Just because they are not represented that way changes nothing.

4. Politicians on both sides of the aisle will LIE and INTENTIONALLY MISREPRESENT all the time.

5. Let the elections this November determine whether America wants this legislation.

As I ponder the hype and histrionics of the last day, I truly believe we are experiencing a semblance of what drove those to come and settle in our nation in the first place. What is that? Those settlers were inspired by an overwhelming force widely captured under the heading of “Taxation without representation is tyranny.”

Justice Roberts very compellingly slapped the American electorate in the face.

WAKE UP AMERICA.

If taxation without representation is tyranny, then what is taxation by misrepresentation? We will learn the answer to that question this November.

I am very interested to know how readers define “taxation by misrepresentation?”

About Larry Doyle 522 Articles

Larry Doyle embarked on his Wall Street career in 1983 as a mortgage-backed securities trader for The First Boston Corporation. He was involved in the growth and development of the secondary mortgage market from its near infancy.

After close to 7 years at First Boston, Larry joined Bear Stearns in early 1990 as a mortgage trader. In 1993, Larry was named a Senior Managing Director at the firm. He left Bear to join Union Bank of Switzerland in late 1996 as Head of Mortgage Trading.

In 1998, after 15 years of trading and precipitated by Swiss Bank’s takeover of UBS, Larry moved from trading to sales as a senior salesperson at Bank of America. His move into sales led him to the role as National Sales Manager for Securitized Products at JP Morgan Chase in 2000. He was integrally involved in developing the department, hiring 40 salespeople, and generating $300 million in sales revenue. He left JP Morgan in 2006.

Throughout his career, Larry eagerly engaged clients and colleagues. He has mentored dozens of junior colleagues, recruited at a number of colleges and universities, and interviewed hundreds. He has also had extensive public speaking experience. Additionally, Larry served as Chair of the Mortgage Trading Committee for the Public Securities Association (PSA) in the mid-90s.

Larry graduated Cum Laude, Phi Beta Kappa in 1983 from the College of the Holy Cross.

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