With Obama Care gone, his only legacy is

Medicare for All: Leaving No One Behind

The Plan Would Be Fully Paid For By:

A 6.2 percent income-based health care premium paid by employers.
Revenue raised: $630 billion per year.

A 2.2 percent income-based premium paid by households.
Revenue raised: $210 billion per year.This year, a family of four taking the standard deduction can have income up to $28,800 and not pay this tax under this plan.A family of four making $50,000 a year taking the standard deduction would only pay $466 this year.

Progressive income tax rates.
Revenue raised: $110 billion a year.Under this plan the marginal income tax rate would be:
37 percent on income between $250,000 and $500,000.
43 percent on income between $500,000 and $2 million.
48 percent on income between $2 million and $10 million. (In 2013, only 113,000 households, the top 0.08 percent of taxpayers, had income between $2 million and $10 million.)
52 percent on income above $10 million. (In 2013, only 13,000 households, just 0.01 percent of taxpayers, had income exceeding $10 million.)

Taxing capital gains and dividends the same as income from work.
Revenue raised: $92 billion per year.Warren Buffett, the second wealthiest American in the country, has said that he pays a lower effective tax rate than his secretary. The reason is that he receives most of his income from capital gains and dividends, which are taxed at a much lower rate than income from work. This plan will end the special tax break for capital gains and dividends on household income above $250,000.

Limit tax deductions for rich.
Revenue raised: $15 billion per year. Under Bernie’s plan, households making over $250,000 would no longer be able to save more than 28 cents in taxes from every dollar in tax deductions. This limit would replace more complicated and less effective limits on tax breaks for the rich including the AMT, the personal exemption phase-out and the limit on itemized deductions.

The Responsible Estate Tax.
Revenue raised: $21 billion per year.This provision would tax the estates of the wealthiest 0.3 percent (three-tenths of 1 percent) of Americans who inherit over $3.5 million at progressive rates and close loopholes in the estate tax.

Savings from health tax expenditures
Revenue raised: $310 billion per year. Several tax breaks that subsidize health care (health-related “tax expenditures”) would become obsolete and disappear under a single-payer health care system, saving $310 billion per year.Most importantly, health care provided by employers is compensation that is not subject to payroll taxes or income taxes under current law. This is a significant tax break that would effectively disappear under this plan because all Americans would receive health care through the new single-payer program instead of employer-based health care.

https://berniesanders.com/issues/medicare-for-all/
 
When Medicare was first introduced LBJ said it wouldn't cost more than 15 billion. The unfunded liabilities of Social Security and Medicare is now sitting at 49 trillion.:rolleyes:

Increase the FICA tax to cover the projected shortfall(s).
 
Increase the FICA tax to cover the projected shortfall(s).

Bernies plan fails in the FIRST sentence. Then your proposal kills everything else.

You don't get it and you never will because neither Bernie nor you understand that the MONEY to pay that has to come from somewhere.

Employers aren't going to pay it out of the goodness of their hearts. Instead, they are going to raise prices. Starting at the manufacturing level and spreading in ever increasing percentages to the retail level.

People can't/won't PAY the higher prices so they don't buy as much. Employers don't make as much money so they LAY OFF employees. This reduces the demand side of the equation because these laid off employees have NO MONEY to buy things with.

Then, your idea to raise the FICA tax makes it worse in 2 ways.
There are fewer workers to levy the tax on so that means that the tax has to be higher to cover the numbers shortfall AND that means that people won't have as much take-home pay thereby bringing this back around full circle when they stop buying products at an even greater reduction rate.

The whole idea is insipid. History has proven this time and time and time again. Yet the liberal mind just can't seem to remember what happens EVERY DAMN TIME this is tried.

Morons, all of them.
 
Insurance is based, in part, on the law of large numbers.

Single payer utilizes the law of large numbers.

Ask Canadians who have to wait 3-4 months for an MRI or a specialist how that free healthcare is working out for them.

Leftists are still buying into pretending they can get lobster with their free lunch.
 
The numbers aren't there. You'll kill the economy. This is what communists and Socialists like Bernie don't understand.

They're in complete denial and could care less. You could present them with all the facts and evidence in the world and it wouldn't change their minds.
 
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