This @CillizzaCNN assertion that raising taxes is the only way to pay for Medicare 4 all is flat out false. Did we raise taxes to fully pay for the tax cut? Of course not. It relies on deficit spending,which is the way we’ve run things for 80 yearshttps://www.cnn.com/2018/09/18/politics/alexandria-ocasio-cortez-tapper/index.html …
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We’ve never had deficits of 4-5% of GDP at the top of the cycle, and Kelton talks like the sky’s the limit.
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There's a limit, of course, and the MMT people acknowledge that, but we're not even hitting our meager inflation target yet
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they never talk about the limit - but what also bothers me is giving up on, in the immortal words of the narrator of All the King’s Men, soaking the fat boys
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Then look at it this way: a major thing keeping us from soaking the fat boys is that we at the bottom are all fighting for scraps. So give us a full meal and then unleash us together against the fat boys.
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am I wrong in thinking that we could pay for a substantial portion of the cost via employer side payroll taxes, i.e. take the same money being given to the insurance industry? we could avoid raising taxes on individuals, which to me is the main bogeyman the Right could roll out
End of conversation
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