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Medicare for all costs a fortune - bullet - 10-17-2019 01:16 PM
https://www.theatlantic.com/politics/archive/2019/10/high-cost-warren-and-sanderss-single-payer-plan/600166/
"...The Urban Institute, a center-left think tank highly respected among Democrats, is projecting that a plan similar to what Warren and Senator Bernie Sanders are pushing would require $34 trillion in additional federal spending over its first decade in operation. That’s more than the federal government’s total cost over the coming decade for Social Security, Medicare, and Medicaid combined, according to the most recent Congressional Budget Office projections...."
RE: Medicare for all costs a fortune - shere khan - 10-17-2019 01:20 PM
File under noshite sherlock
Morons
RE: Medicare for all costs a fortune - gdunn - 10-17-2019 01:21 PM
They'll get it from taxing our 401k's.
RE: Medicare for all costs a fortune - Claw - 10-17-2019 01:26 PM
(10-17-2019 01:21 PM)gdunn Wrote: They'll get it from taxing our 401k's.
Taxing or confiscating?
RE: Medicare for all costs a fortune - MemTigers1998 - 10-17-2019 01:31 PM
(10-17-2019 01:21 PM)gdunn Wrote: They'll get it from taxing our 401k's.
Yep! Its not fair that the "wealthy" have money to retire on. That needs to be spread around to be fair to all.
RE: Medicare for all costs a fortune - gdunn - 10-17-2019 01:32 PM
(10-17-2019 01:26 PM)Claw Wrote:(10-17-2019 01:21 PM)gdunn Wrote: They'll get it from taxing our 401k's.
Taxing or confiscating?
Yes.
RE: Medicare for all costs a fortune - VA49er - 10-17-2019 01:33 PM
No worries, the RICH will pay for it.
RE: Medicare for all costs a fortune - Crebman - 10-17-2019 02:08 PM
(10-17-2019 01:33 PM)VA49er Wrote: No worries, the RICH will pay for it.
Yep.......and anyone making $50K and above will be determined to be rich...
RE: Medicare for all costs a fortune - banker - 10-17-2019 02:28 PM
You would essentially have to take 100% of the income of the top 10% to pay for this. Problem is that this group already pays 80% of all income tax collected, so that money now needs to be made up to pay for the stuff we already get and we don't have any more "rich" people to tax at that point.
RE: Medicare for all costs a fortune - bullet - 10-17-2019 02:42 PM
(10-17-2019 02:28 PM)banker Wrote: You would essentially have to take 100% of the income of the top 10% to pay for this. Problem is that this group already pays 80% of all income tax collected, so that money now needs to be made up to pay for the stuff we already get and we don't have any more "rich" people to tax at that point.
"...Taxes that can fill that big of a hole are not easy to identify. Even by Warren’s own estimates, which some liberal economists consider too optimistic, her proposed wealth tax on personal fortunes exceeding $50 million would raise just $2.75 trillion over the next decade. That’s less than what would be required to fund a single-payer plan for one year. In any case, Warren has already targeted that revenue for other proposals she’s issued, such as providing universal preschool and child care, and canceling most college debt while funding tuition-free public higher education. Repealing the tax cuts for businesses and individuals that President Donald Trump and the GOP Congress passed in late 2017 would similarly raise about $2 trillion in federal revenue over the next decade...."