NewSilkTurtle
Senior member
- Apr 8, 2002
- 225
- 9
- 81
So much of the commentary in this thread is simply mind-boggling.
First of all, when discussing "choice" in regard to health insurance, the main issue is this: Medicare for all tosses "choice" out the window. One size fits all. A tax is not optional the way an insurance premium is. If I don't want to pay, if I want to do without insurance, I have that choice, now, but under universal coverage, I could not "opt out" and avoid the cost, because it's a TAX.
Next: What Senator Warren is proposing would cost Trillions annually. On the low end, the estimate is $20T over a decade, and on the high end, the estimate is $52T. How could this money be collected? She proposes a tax on billionaires, but I think her math is a tad on the fuzzy side.
Assuming a midway point is accurate on the cost, that would be $36 Trillion or $3.6T per year. There are at last count 607 Billionaires in the USA, controlling roughly $8T. Assuming they all stayed put under a Warren presidency, and were taxed at 90%, that would provide enough money to cover the program for two years, but just once, because if you take 90% of a wealthy person's money, they're going to stop being wealthy.
There's no way around it, that money would have to come out of everyone's pockets, not just those of the billionaires.
First of all, when discussing "choice" in regard to health insurance, the main issue is this: Medicare for all tosses "choice" out the window. One size fits all. A tax is not optional the way an insurance premium is. If I don't want to pay, if I want to do without insurance, I have that choice, now, but under universal coverage, I could not "opt out" and avoid the cost, because it's a TAX.
Next: What Senator Warren is proposing would cost Trillions annually. On the low end, the estimate is $20T over a decade, and on the high end, the estimate is $52T. How could this money be collected? She proposes a tax on billionaires, but I think her math is a tad on the fuzzy side.
Assuming a midway point is accurate on the cost, that would be $36 Trillion or $3.6T per year. There are at last count 607 Billionaires in the USA, controlling roughly $8T. Assuming they all stayed put under a Warren presidency, and were taxed at 90%, that would provide enough money to cover the program for two years, but just once, because if you take 90% of a wealthy person's money, they're going to stop being wealthy.
There's no way around it, that money would have to come out of everyone's pockets, not just those of the billionaires.