Obamacare Going For (Your) Gold

Remember when House Speaker Nancy Pelosi said we have to pass health care reform "so we can find out what's in the bill?" Well, now that the increasingly unpopular Obamacare law has passed, one of the tome's dirty little secrets has been mined.

It's no secret that with the economy continuing its death spiral, and with the Obama Administration firmly fixing its cannons against both individual and corporate prosperity thanks to new taxes, many Americans are buying gold.

But thanks to rules hidden in Obamacare law, (Section 9006 of the Patient Protection and Affordable Care Act, in fact) the government is going to get a piece of the action.

Starting Jan. 1, 2012, the Internal Revenue Service will begin tracking the purchases of all goods and services by small businesses and self-employed people that exceed $600 during a calendar year, reports ABC News. This includes gold.

The tweak to the tax code could spell a $17 billion windfall for the Government over 10 years according to the Joint Committee on Taxation. That's lot of dough, but nowhere near what it will cost to provide socialized healthcare to everybody in America.

Like most news out of DC these days, this is no surprise, but no less sickening; another shameless power grab meant to separate Americans from their hard-earned equity.