Note: the $52 trillion price tag for Warren's health care plan is a ten-year number. That comes to an annual average cost of over $5 trillion, more than the *entire current federal budget*. But Warren's not proposing this for ten years. She's proposing it *forever*.
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Well, to be fair, it only has to be sustained until November 3, 2020.
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You’re forgetting growth
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No, she said less than the current cost.
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Applying leeches to the economy
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And this is even before we get into how unrealistic the projection is. That classic CBO disease of underestimating spending and revenue from tax hikes.
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If you extrapolate from the Canadian healthcare data, the cost in the U.S. would be less than $2 trillion annually and I can vouch for the efficacy of the Canadian system: https://www.cihi.ca/en/health-spending …
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All the Freeshitters hear is "free shit."
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It isn't unsustainable if the amount of the tax is lower than the long term returns on capital.
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Lol. I don’t support the wealth tax but the idea it’s finite is ridiculous. The very wealthy grow their assets at a higher rate than the tax.
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Medicare for all could be funded through a 25% Value Added Tax, which is how the European states fund their social programs. Good luck running on that.
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