Warren's wealth tax is estimated to raise about a trillion dollars over ten years, considering the top one percent holds more wealth than the entire middle class ($26T to $18T), I think they'll survive.
Jesus christ. Imagine thinking your suffering of being a multimillionaire with the levels of control over the government compares to dying for your country. Then imagine putting that in a book for everyone to read.
I'm not arguing that I'm still trying to figure out how this is getting paid for. Taxing them alone is less than 1/52 of the bill.
I don't know why this is so difficult for you to understand, but we'll do this again. Currently the US spends about 3.5 trillion dollars on Healthcare per year. This is pretty evenly split between the US government and private spending. This includes insurance premiums paid both by employees and employers, as well as out of pocket costs to meet deductibles and pay for pharmaceuticals. This is money we are already spending. I repeat WE ARE ALREADY SPENDING THIS MONEY. And that number is only going to increase relative to GDP under our current plan. M4A's price tag is not being added to this spending, it's replacing it with the added bonus of curbing its growth. Warren's plan replaces employer paid deductibles with a payroll tax, and raises additional revenue from a variety of tax increases on the wealthy and on certain financial transactions. Her proposal also shifts state expenditures on Healthcare to the federal government. There are a few other cost saving features of her plan including things like pressure on pharmaceutical companies to lower prices, reducing provider pay to Medicare levels as well as reducing administrative costs.
Can't open that link but here. Do you understand what additional means? So we're not "already spending that money" were adding 20.5 trillion dollars to the 30.5 million we would be already be spending. Adding. So you do realize if NYT is right with the 20.5 trillion additional over 10 years we are adding 57%(quick math I may be missing something) more spending than what we already are? Or by doing my own simple math by the 3.5 trillion we are spending and the 5.2 trillion Warren is spending do you realize that 3.5 triillion compared to 5.2 trillion is a 1.7 trillion dollar addition to 3.5? 1.7 trillion dollars divided by 3.5 trillion tells me we are adding at minimum 48% more PER YEAR to our budget. Lol at people who think money grows on trees. Especially trillions.
Oh for ****s sake. Dude read my post again. When I say "we" I don't mean the federal government, I mean the United States as a whole, including government and nongovernment spending. I recognize that the federal government will spend more on Healthcare, obviously.
