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Legend
Posts: 66,301
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Medicare for all costs a fortune
https://www.theatlantic.com/politics/arc...an/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...."
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10-17-2019 01:16 PM |
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shere khan
Southerner
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I Root For: Tulane
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RE: Medicare for all costs a fortune
File under noshite sherlock
Morons
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10-17-2019 01:20 PM |
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gdunn
Repping E-Gang Colors
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I Root For: Southern Miss
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RE: Medicare for all costs a fortune
They'll get it from taxing our 401k's.
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10-17-2019 01:21 PM |
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Claw
Hall of Famer
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Location: Orangeville HELP!
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RE: Medicare for all costs a fortune
(10-17-2019 01:21 PM)gdunn Wrote: They'll get it from taxing our 401k's.
Taxing or confiscating?
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10-17-2019 01:26 PM |
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MemTigers1998
Hall of Famer
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RE: Medicare for all costs a fortune
(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.
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10-17-2019 01:31 PM |
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gdunn
Repping E-Gang Colors
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RE: Medicare for all costs a fortune
(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.
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10-17-2019 01:32 PM |
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VA49er
Legend
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RE: Medicare for all costs a fortune
No worries, the RICH will pay for it.
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10-17-2019 01:33 PM |
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Crebman
Heisman
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RE: Medicare for all costs a fortune
(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...
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10-17-2019 02:08 PM |
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banker
Hall of Famer
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RE: Medicare for all costs a fortune
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.
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10-17-2019 02:28 PM |
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bullet
Legend
Posts: 66,301
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RE: Medicare for all costs a fortune
(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...."
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10-17-2019 02:42 PM |
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