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HailHailtoMichigan!
LSU Fan
Mission Viejo, CA
Member since Mar 2012
56668 posts
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here are the taxes potentially required for medicare for all to be fully funded
Note: this is not an "and" list, but an "or" list. Only one of these (or a less dramatic combination) taxes would be necessary, but still, this is why it is a political impossibility.

quote:


A 32 percent payroll tax

A 25 percent income surtax

A 42 percent value-added tax (VAT)

A mandatory public premium averaging $7,500 per capita – the equivalent of $12,000 per individual not otherwise on public insurance

More than doubling all individual and corporate income tax rates

An 80 percent reduction in non-health federal spending

A 108 percent of Gross Domestic Product (GDP) increase in the national debt

Impossibly high taxes on high earners, corporations, and the financial sector

A combination of approaches


LINK

Yes, it is absolutely true that these taxes would be paid at same time people would no longer have to pay monthly premiums, deductibles, and copays, but the issue is that shifting health care spending from being dependent on usage to being dependent on income/taxes, is that you will create some net losers: those who would end up paying more in taxes than they pay in annual healthcare expenditures.


Clames
LSU Fan
Member since Oct 2010
11032 posts

re: here are the taxes potentially required for medicare for all to be fully funded
Liberals think money just magics into existence by the sheer force of their ignorant will.


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361
Powerman
LSU Fan
Virginia
Member since Jan 2004
140245 posts

re: here are the taxes potentially required for medicare for all to be fully funded
quote:

is that you will create some net losers: those who would end up paying more in taxes than they pay in annual healthcare expenditures.

Not exactly an earth shattering revelation. Simple math tells you that you'll have to have this for it to be funded.


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51
TBoy
Notre Dame Fan
Kalamazoo
Member since Dec 2007
13004 posts

re: here are the taxes potentially required for medicare for all to be fully funded
Is any of that ridiculously inflated propaganda based on numbers actually seen by any other nation which has a national health? Of course not.


CDawson
LSU Fan
Baton Rouge
Member since Dec 2017
4794 posts

re: here are the taxes potentially required for medicare for all to be fully funded
The rest of the nations offering “free healthcare” don’t pay for the worlds military policing and have open borders with 20+ million illegals. You can’t have free everything, a military like ours and open borders.
This post was edited on 10/28 at 10:48 pm


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370
udtiger
LSU Fan
Louisiana
Member since Nov 2006
62054 posts
 Online 

re: here are the taxes potentially required for medicare for all to be fully funded
I am certain the rich will just sit back and let their money be taken.


HailHailtoMichigan!
LSU Fan
Mission Viejo, CA
Member since Mar 2012
56668 posts
 Online 

re: here are the taxes potentially required for medicare for all to be fully funded
quote:

Is any of that ridiculously inflated propaganda based on numbers actually seen by any other nation which has a national health? Of course not.
european nations spend about 60% of what we do on health care, so your comparison is apples to oranges.

It isn't that hard to put a general price tag on medicare for all. You use medicare payment rates, estimate how much and what kind of care would be consumed each year by Americans, and calculate the price tag. After you get the price tag, you can then determine the taxes required.


RogerTheShrubber
LSU Fan
Juneau, AK
Member since Jan 2009
179225 posts

re: here are the taxes potentially required for medicare for all to be fully funded
Wealth will go elsewhere.

These pie in the sky programs just chase innovators away


simonizer
LSU Fan
no
Member since Oct 2008
1273 posts
 Online 

re: here are the taxes potentially required for medicare for all to be fully funded
we dont fund everything now.

print money devalue dollar

they dont give a shit

it actually accomplishes their goal


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31TIGERS
LSU Fan
Proud NRA member R.I.P. Mike VI
Member since Dec 2004
6123 posts

re: here are the taxes potentially required for medicare for all to be fully funded
A socialist/liberals dream.
Take from the haves and the working class and redistribute it to the “don’t wants (to work)” worthless bums and dregs of society.
This post was edited on 10/28 at 10:54 pm


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HailHailtoMichigan!
LSU Fan
Mission Viejo, CA
Member since Mar 2012
56668 posts
 Online 

re: here are the taxes potentially required for medicare for all to be fully funded
quote:

Wealth will go elsewhere.

These pie in the sky programs just chase innovators away
Yea, these would be the largest peace time increases in taxes in american history.

The deadweight loss they could induce would be immense.


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40
chalmetteowl
LSU Fan
Member since Jan 2008
28913 posts
 Online 

re: here are the taxes potentially required for medicare for all to be fully funded
quote:

those who would end up paying more in taxes than they pay in annual healthcare expenditures.
that’s a lot of business owners who’d benefit from healthier employees


tiggerthetooth
Houston Astros Fan
Big Momma's House
Member since Oct 2010
41425 posts

re: here are the taxes potentially required for medicare for all to be fully funded
quote:

that’s a lot of business owners who’d benefit from healthier employees


If all their profits are being stolen by the government it begs the question if they really own their business at all.


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60
31TIGERS
LSU Fan
Proud NRA member R.I.P. Mike VI
Member since Dec 2004
6123 posts

re: here are the taxes potentially required for medicare for all to be fully funded
quote:

chalmetteowl



You’re a bernie supporter. You never will nor should you ever be taken seriously because all you want and know is to mooch off of others and want their hard earned money.


Pelican fan99
New York Yankees Fan
Lafayette, Louisiana
Member since Jun 2013
17419 posts
 Online 

re: here are the taxes potentially required for medicare for all to be fully funded
The idea that keep pushing that Medicare for all will save you money is the biggest lie of all time. How could anyone possibly believe that


ibldprplgld
USA Fan
Nola
Member since Feb 2008
14687 posts

re: here are the taxes potentially required for medicare for all to be fully funded
And this frickery is exactly why when a moderate friend/family member tells me he/she cannot vote for Trump, I ask if this kind of bull shite is more palatable than Trump's tweets.

People need to pay attention. If Dems get control again, this type of shite will be the tip of the ice berg.


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61
ibldprplgld
USA Fan
Nola
Member since Feb 2008
14687 posts

re: here are the taxes potentially required for medicare for all to be fully funded
quote:

The idea that keep pushing that Medicare for all will save you money is the biggest lie of all time. How could anyone possibly believe that



Just like Obamacare was supposed to save people money, right?

Nothing the gov't does is cheap or efficient.


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Volsfan82169
Tennessee Fan
Spring Hill, TN
Member since Aug 2016
755 posts

re: here are the taxes potentially required for medicare for all to be fully funded
Let's not forget the rationing of healthcare that will happen too. Doctors will leave their practices, innovation in health care comes to a screeching halt. Lots of people point to Canada as having a great system, yet their citizens continually pour across the border to get their needed procedures done here because they can't wait out the long waiting periods to have it done there.


Volsfan82169
Tennessee Fan
Spring Hill, TN
Member since Aug 2016
755 posts

re: here are the taxes potentially required for medicare for all to be fully funded
quote:

that’s a lot of business owners who’d benefit from healthier employees


Healthier, but far fewer employees, as if higher taxes are forced upon corporations, the way to make up for those higher expenses is reducing staff.


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30
crazy4lsu
USA Fan
Member since May 2005
24566 posts

re: here are the taxes potentially required for medicare for all to be fully funded
quote:

Let's not forget the rationing of healthcare that will happen


That's the explicit point of universal healthcare programs. We have rationing in our insurance system too, when the insurance company denies a claim.

What we should do is just choose a system and stick with it. The US has elements of all four healthcare models, and that by itself increases administrative costs to a great degree.


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