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Academic and Economic Infantilism - Even Doubling All Federal Individual and Corporate Income Tax - Would NOT Fund $32.6-Trillion "Medicare for All" - Ha!

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- Academic and Economic Infantilism -

Even Doubling All Federal Individual and Corporate Income Tax

...Would NOT Fund $32.6-Trillion "Medicare for All"

 

GettyImages-687339814.jpg

 

Charles Blahous, a senior research strategist at George Mason University's Mercatus Center, on Tuesday said, "Doubling all currently projected federal individual and corporate income tax would be insufficient to finance" Medicare for All.

 

Blahous spoke before the House Rules Committee about "Medicare for All," the health care plan proposed by Sen. Bernie Sanders (I., Vt.) and supported by several 2020 Democratic candidates. Blahous estimated the cost is between $32.6 trillion and $38.8 trillion.

 

"Medicare for All would add somewhere between $32.6 trillion and $38.8 trillion in new federal budget costs over the first ten years. The $32.6 trillion estimate is a lower bound estimate. It essentially assumes every cost containment provision in the bill saves as much as possible," Blahous said. "If instead things play out more consistently with historical trends, the new federal cost would be closer to $38.8 trillion."

 

"Now obviously such enormous numbers are very difficult to grasp," he added. "We’re talking about 11 to 13 percent of our GDP in 2022, rising to 13 to 15 percent of GDP in 2031 being added to the federal ledger."

 

Blahous then went on to say the United States doesn't have "historical experience with permanent government expansions of this size."

"So, to provide a sense of the magnitudes, the study notes that doubling all currently projected federal individual and corporate income taxes would be insufficient to finance even the lower bound estimate of $32.6 trillion," he said. "Now, to be clear, these would not be the total costs of Medicare for All. These would the federal government's net new cost above and beyond currently projected federal health obligations."

 

"Total federal spending on Medicare for All over the first ten years would be somewhere between $54.6 trillion and $60.7 trillion," Blahous added.

 

2f9b2k.jpg

 

Ha!

 

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- Academic and Economic Infantilism -

 

- Democrat National Socialist Free Healthcare for All ~ $32.6 TRILLION Dollars.

- Actual Americans that pay Taxes ~ 100 MILLION.

- Average Individual Tax Burden per Tax-payer for Democrat National Socialist Free Healthcare for All?

 

- $326,000 -

 

- Ass-douche Self-entitled Adolescent Socialist malcontent -

Ocasio-Cortez.png

 

Ha!

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I read about the crazy stuff this bitch & HO says at the Daily Wire all the time...most if not all; never reaches the Mainstream.

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8 hours ago, Old Mack said:

I read about the crazy stuff this bitch & HO says at the Daily Wire all the time...most if not all; never reaches the Mainstream.

 

 Image may contain: 1 person, text

 

f34f90ef303f8e3c4a9bc2794595a0a6.jpg

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- Academic and Economic Infantilism -

 

- Democrat National Socialist Free Healthcare for All ~ $32.6 TRILLION Dollars.

- Actual Americans that pay Taxes ~ 100 MILLION.

- Average Individual Tax Burden per Tax-payer for Democrat National Socialist Free Healthcare for All?

 

- $326,000 -

 

- Ass-douche Self-entitled Adolescent Socialist malcontent -

1024x1024.jpg

 

Ha!

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This is a matter of rather simple mathematics and some knowledge of human nature. If a good/service is of no cost or very low, it will be overutilized. Why? If there is no trade off, there is nothing limiting one's use or demand for it. 

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34 minutes ago, impartialobserver said:

This is a matter of rather simple mathematics and some knowledge of human nature. If a good/service is of no cost or very low, it will be overutilized. Why? If there is no trade off, there is nothing limiting one's use or demand for it. 

 

That is the biggest problem w/ Entitlement.

 

 

The solution is an old one.

 

 

“...I am for doing good to the poor, but... I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. I observed... that the more public provisions were made for the poor, the less they provided for themselves, and of course became poorer. And, on the contrary, the less was done for them, the more they did for themselves, and became richer.”

- Benjamin Franklin -

 

 

 

 

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1 minute ago, Blue Devil said:

 

That is the biggest problem w/ Entitlement.

 

 

The solution is an old one.

 

 

“...I am for doing good to the poor, but... I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. I observed... that the more public provisions were made for the poor, the less they provided for themselves, and of course became poorer. And, on the contrary, the less was done for them, the more they did for themselves, and became richer.”

- Benjamin Franklin -

 

 

 

 

There is a fine line between providing a safety net for those who truly do need it but are trying to better themselves and when you make it too easy/plentiful. The assumption behind a lot of these ideas/programs is that the person is doing their best to earn more income/have a better life. Having been homeless, I can say with certainty that this assumption falls flat. 

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23 minutes ago, impartialobserver said:

There is a fine line between providing a safety net for those who truly do need it but are trying to better themselves and when you make it too easy/plentiful. The assumption behind a lot of these ideas/programs is that the person is doing their best to earn more income/have a better life. Having been homeless, I can say with certainty that this assumption falls flat. 

 

- Adult AMERICA -

 

You have the Unalienable Right to Fail,

...and Start Anew.

 

You have the Unalienable Right to Starve to Death,

...if you don't Freeze to Death in Winter first,

...if that is Your Free Will,

...and the Product of Your Labor.

 

- Blue Devil -

 

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On 5/1/2019 at 6:28 AM, Blue Devil said:

- Academic and Economic Infantilism -

Even Doubling All Federal Individual and Corporate Income Tax

...Would NOT Fund $32.6-Trillion "Medicare for All"

 

GettyImages-687339814.jpg

 

Charles Blahous, a senior research strategist at George Mason University's Mercatus Center, on Tuesday said, "Doubling all currently projected federal individual and corporate income tax would be insufficient to finance" Medicare for All.

 

Blahous spoke before the House Rules Committee about "Medicare for All," the health care plan proposed by Sen. Bernie Sanders (I., Vt.) and supported by several 2020 Democratic candidates. Blahous estimated the cost is between $32.6 trillion and $38.8 trillion.

 

"Medicare for All would add somewhere between $32.6 trillion and $38.8 trillion in new federal budget costs over the first ten years. The $32.6 trillion estimate is a lower bound estimate. It essentially assumes every cost containment provision in the bill saves as much as possible," Blahous said. "If instead things play out more consistently with historical trends, the new federal cost would be closer to $38.8 trillion."

 

"Now obviously such enormous numbers are very difficult to grasp," he added. "We’re talking about 11 to 13 percent of our GDP in 2022, rising to 13 to 15 percent of GDP in 2031 being added to the federal ledger."

 

Blahous then went on to say the United States doesn't have "historical experience with permanent government expansions of this size."

"So, to provide a sense of the magnitudes, the study notes that doubling all currently projected federal individual and corporate income taxes would be insufficient to finance even the lower bound estimate of $32.6 trillion," he said. "Now, to be clear, these would not be the total costs of Medicare for All. These would the federal government's net new cost above and beyond currently projected federal health obligations."

 

"Total federal spending on Medicare for All over the first ten years would be somewhere between $54.6 trillion and $60.7 trillion," Blahous added.

 

2f9b2k.jpg

 

Ha!

 

Taking all the profits and salaries from the wealthy won't even fund the government for a full year.

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14 minutes ago, personreal said:

Taking all the profits and salaries from the wealthy won't even fund the government for a full year.

 

eat-the-rich-image-md.png

 

 

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3 minutes ago, Blue Devil said:

 

 

That's what I was referring to.

 

The dems have their pawns believing taking the money from the wealthy actually means something.

 

If they did take it the wealthy would no longer be motivated to do business or invest...they would simply take their money off shore and do business elsewhere.

 

Then the dem pawns would find out what poverty is really all about.

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3 minutes ago, personreal said:

That's what I was referring to.

 

The dems have their pawns believing taking the money from the wealthy actually means something.

 

If they did take it the wealthy would no longer be motivated to do business or invest...they would simply take their money off shore and do business elsewhere.

 

Then the dem pawns would find out what poverty is really all about.

 

There is no amount of money available in All the Adult World.

 

...that would fund Adolescent Malcontent Democrat National Socialism.

 

WHY+SOCIALISM+DOESN'T+WORK.jpg

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The cost of this would only continue to grow. Anything such as this would have a massive bureaucracy. I work in government and know how items such as this work. It is not socialist or anything like that. Its the inevitable. Government programs have to have oversight and maintenance. 

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On 5/1/2019 at 6:43 AM, Blue Devil said:

- Academic and Economic Infantilism -

 

- Democrat National Socialist Free Healthcare for All ~ $32.6 TRILLION Dollars.

- Actual Americans that pay Taxes ~ 100 MILLION.

- Average Individual Tax Burden per Tax-payer for Democrat National Socialist Free Healthcare for All?

 

- $326,000 -

 

- Ass-douche Self-entitled Adolescent Socialist malcontent -

Ocasio-Cortez.png

 

Ha!

"Rep. Pramila Jayapal, D-Wash., the lead House sponsor of the sweeping “Medicare-for-all” health care plan, said this week that her proposed program would force about 1 million employees of private health insurance companies out of their jobs."

 

Of course they promise to take care of that detail. 

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On 5/3/2019 at 12:29 PM, personreal said:

"Rep. Pramila Jayapal, D-Wash., the lead House sponsor of the sweeping “Medicare-for-all” health care plan, said this week that her proposed program would force about 1 million employees of private health insurance companies out of their jobs."

 

Of course they promise to take care of that detail. 

 

unions-and-democrats-vik-battaile-radica

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- Academic and Economic Infantilism -

Even Doubling All Federal Individual and Corporate Income Tax

...Would NOT Fund $32.6-Trillion "Medicare for All"

 

GettyImages-687339814.jpg

 

 

"The Problem with Socialism...

is that eventually you Run Out of Other People's Money."

- Margaret Thatcher -

 

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The Adolescent Socialist Malcontent Entitlement Welfare State:

The American Taxpayer Spends More on Taxes Than on Food, Clothing Combined!

 

 -Ass-douche Self-entitled Adolescent Socialist malcontents -

...can never honestly respond to this simple Question:

 

4facc3e9a1dc630ce9a9934f5b092811.jpg
 

 

Whereas a true American...?

 

 

 

- AMERICA -

 

You have the Unalienable Right to Fail,

...and Start Anew.

 

You have the Unalienable Right to Starve to Death,

...if you don't Freeze to Death in Winter first,

...if that is Your Free Will,

...and the Product of Your Labor.

 

- Blue Devil -

 

we+are+not+all+socialists+now.jpg

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That is the biggest problem w/ Entitlement.

 

 

The solution is an old one.

 

 

“...I am for doing good to the poor, but... I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. I observed... that the more public provisions were made for the poor, the less they provided for themselves, and of course became poorer. And, on the contrary, the less was done for them, the more they did for themselves, and became richer.”

- Benjamin Franklin -

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- Academic and Economic Infantilism -

Even Doubling All Federal Individual and Corporate Income Tax

...Would NOT Fund $32.6-Trillion "Medicare for All"

 

GettyImages-687339814.jpg

 

 

"The Problem with Socialism...

is that eventually you Run Out of Other People's Money."

- Margaret Thatcher -

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The Adolescent Socialist Malcontent Entitlement Welfare State:

The American Taxpayer Spends More on Taxes Than on Food, Clothing Combined!

 

 -Ass-douche Self-entitled Adolescent Socialist malcontents -

...can never honestly respond to this simple Question:

 

4facc3e9a1dc630ce9a9934f5b092811.jpg
 

 

Whereas a true American...?

 

 

 

- AMERICA -

 

You have the Unalienable Right to Fail,

...and Start Anew.

 

You have the Unalienable Right to Starve to Death,

...if you don't Freeze to Death in Winter first,

...if that is Your Free Will,

...and the Product of Your Labor.

 

- Blue Devil -

 

we+are+not+all+socialists+now.jpg

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- For the Economically Illiterate -

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