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Old 11-01-2019, 11:14 PM
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Default Warren Finally Shows Her 52 Trillion Medicare For All Plan



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Warren finally shows her idea of how to fund the Medicare for all plan and if she actually runs with this against Trump I don't see Trump losing. Costs 53 Trillion dollars. Won't raise taxes for the middle class 1 penny. I say bull****.

Just a bit of the article.

Senator Elizabeth Warren (D., Mass.) unveiled a Medicare for all plan Friday that will cost nearly $52 trillion over the next ten years and, she claims, will not require any middle-class tax increases.

The proposal would be funded by roughly $20 trillion in taxes on employers, financial transactions, and super-wealthy corporations over the next decade. Existing federal and state spending would account for the remaining $30 trillion in costs.

“We don’t need to raise taxes on the middle class by one penny to finance Medicare for All,” Warren writes as part of the plan.

“When fully implemented, my approach to Medicare for All would mark one of the greatest federal expansions of middle class wealth in our history,” she continues. “And if Medicare for All can be financed without any new taxes on the middle class, and instead by asking giant corporations, the wealthy, and the well-connected to pay their fair share, that’s exactly what we should do.”

Warren would impose $9 trillion in new Medicare taxes on employers over the next decade, which she claims will replace what employers currently pay for employee health insurance.

https://www.nationalreview.com/news/...ase-necessary/
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Old 11-01-2019, 11:32 PM
Steve_In_29 Steve_In_29 is online now
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The wealthy already pay something like 90% of all taxes collected...how much more is "their fair share"?
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Old 11-02-2019, 12:23 AM
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The wealthy already pay something like 90% of all taxes collected...how much more is "their fair share"?
Yea, I don't see the billionaies and multimillionaires going for it.
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Old 11-02-2019, 01:10 AM
Dixie_Dude Dixie_Dude is offline
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She also said she would take a certain percentage of billionaires "Net Worth". This is the total of what they are worth. Jeff Bezo's is worth about $70 billion, but almost all of it is in Amazon stock, not cash. So he would have to sell off $7 billion of his Amazon stock to pay his tax just the first year. Same with Bill Gates, about $6.8 billion and Warren Buffet about $6 billion. Their net worth is not in money but in stock ownership of their companies. So after 10 years, the government will own Amazon, or put Bezo's completely out of business taking his net worth, not a portion of his earned income.

Liberals don't understand that billionaires and millionaires don't own cash money, but property, stock in their companies, factories, railroads, airlines, etc. They will not all be able to sell 10% of their net worth, the value of their companies would drop, there would be a stock market crash worse then the Great Depression. Millions would be laid off. Taxing the wealthy out of existance would destroy the country. I know small business owners who have a net worth over $1 million. One owns backhoes, trackhoes, dump trucks, welding machines, trenching machines and is a pipeline contractor. His money is in his company, and in his business. He only pays himself and his family members about $50,000 a year. Any excess profits pay for new equipment and equipment maintenance and maybe a bonus at the end of the year. He has 3 sons, two are equipment operators, and one is a welder. They hire 3 laborers at starting pay of $10 an hour. If a laborer is good and he keeps them, he gives them good raises to keep them.

Socialists don't work for a living, they become conservatives when they get a job.
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Old 11-02-2019, 02:16 AM
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Warren Finally Shows Her 52 Trillion Medicare For All Plan... and promptly loses the election...
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Old 11-02-2019, 04:20 AM
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It wouldn't pass even if the Congress were run by Dems. They are as bought out as the Reps are. Obama tried Medicare for all when the Dems ran the whole show and couldn't get it to pass because too many Dems were getting campaign money from the insurance companies that run American healthcare. Instead, Obamacare turned into a massive giveaway to the "healthcare" industry, just like the Reps' Medicare Prescription Drug Bill was.
Warren's pitch is about as valid as Trump's claim that the he had a "fantastic" healthcare plan that would provide coverage for everyone.
Don't underestimate how much healthcare costs affect people who get sick. When you hear that the majority of bankruptcies are caused by medical bills, it's natural that candidates would come up with snake oil schemes to provide healthcare.
When Trump gets back on the hustings, he'll start talking about his fantastic healthcare plan as a way to pull votes from the Dems. His will cover more people than Warren's will, and his plan won't cost a penny. The Mexicans will pay for it.
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Old 11-02-2019, 07:25 AM
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Before Warren can implement her "wealth tax," she will have to have the U.S. Constitution amended, just like it was amended for the income tax. Good luck getting 3/4th of the states to agree to ratify that.
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Old 11-02-2019, 08:11 AM
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Basically a single payer health care plan being sold as not requiring for people to pay for it. (Except the wealthy and that will never work out. Not enough money there and they have ways to shield it anyway.) Too bad that radical leftists never took math in school or flunked it.

Cost 52 trillion over 10 years? I know lets print it. Too bad that means a loaf of bread now cost $50 and a Starbucks Cafelatte, frapy whatever, requires a major loan.
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Old 11-02-2019, 09:23 AM
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If the 2020 election breaks bad... I will liquidate the 401k, pay the taxes and do something else with it. You KNOW they will try to get their meat hooks into those accounts.
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Old 11-02-2019, 10:03 AM
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to be fair, total healthcare spending is 3.7 trillion/year. So whatever we all spend on healthcare today in theory can go towards the total amount. The gap then is only 1.3 trillion, about current deficit is 771B. If we cant cover the current deficit, how are we going to cover another 1.3T?
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Old 11-02-2019, 10:11 AM
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I think we need an amendment for the qualifications for a president.

The amendment would be that they have to have a minimum of 5 years work experience in private industry in a position where they were directly responsible for the P&L (profit/loss) for their department and/or company.




That...or just a basic third grade math competency course.
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Old 11-02-2019, 10:18 AM
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Quote:
Originally Posted by Dixie_Dude View Post
She also said she would take a certain percentage of billionaires "Net Worth". This is the total of what they are worth. Jeff Bezo's is worth about $70 billion, but almost all of it is in Amazon stock, not cash. So he would have to sell off $7 billion of his Amazon stock to pay his tax just the first year. Same with Bill Gates, about $6.8 billion and Warren Buffet about $6 billion. Their net worth is not in money but in stock ownership of their companies. So after 10 years, the government will own Amazon, or put Bezo's completely out of business taking his net worth, not a portion of his earned income.

Liberals don't understand that billionaires and millionaires don't own cash money, but property, stock in their companies, factories, railroads, airlines, etc. They will not all be able to sell 10% of their net worth, the value of their companies would drop, there would be a stock market crash worse then the Great Depression. Millions would be laid off. Taxing the wealthy out of existance would destroy the country. I know small business owners who have a net worth over $1 million. One owns backhoes, trackhoes, dump trucks, welding machines, trenching machines and is a pipeline contractor. His money is in his company, and in his business. He only pays himself and his family members about $50,000 a year. Any excess profits pay for new equipment and equipment maintenance and maybe a bonus at the end of the year. He has 3 sons, two are equipment operators, and one is a welder. They hire 3 laborers at starting pay of $10 an hour. If a laborer is good and he keeps them, he gives them good raises to keep them.

Socialists don't work for a living, they become conservatives when they get a job.
You think the ones that come up with these stupid ideas don't know this?


Hey LibShooter give us your libtard explanation for how what Dixie_Dude just typed isn't true.
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Old 11-02-2019, 10:39 AM
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Quote:
Originally Posted by TXplowgirl View Post
Warren finally shows her idea of how to fund the Medicare for all plan and if she actually runs with this against Trump I don't see Trump losing. Costs 53 Trillion dollars. Won't raise taxes for the middle class 1 penny. I say bull****.

Just a bit of the article.

Senator Elizabeth Warren (D., Mass.) unveiled a Medicare for all plan Friday that will cost nearly $52 trillion over the next ten years and, she claims, will not require any middle-class tax increases.

The proposal would be funded by roughly $20 trillion in taxes on employers, financial transactions, and super-wealthy corporations over the next decade. Existing federal and state spending would account for the remaining $30 trillion in costs.

“We don’t need to raise taxes on the middle class by one penny to finance Medicare for All,” Warren writes as part of the plan.

“When fully implemented, my approach to Medicare for All would mark one of the greatest federal expansions of middle class wealth in our history,” she continues. “And if Medicare for All can be financed without any new taxes on the middle class, and instead by asking giant corporations, the wealthy, and the well-connected to pay their fair share, that’s exactly what we should do.”

Warren would impose $9 trillion in new Medicare taxes on employers over the next decade, which she claims will replace what employers currently pay for employee health insurance.

https://www.nationalreview.com/news/...ase-necessary/
The entire group of crazy Dems running for President remind me of an old Bloom County strip. https://www.gocomics.com/bloomcounty/1982/05/02/

Especially since deer hunting season opened here this week. Perhaps I will try out my Liberal call,
Welfare!
Solar Power!
No Nucs!
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Old 11-02-2019, 11:03 AM
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Warren's stupidly socialist idea at least caused Sleepy Creepy Joe's campaign, to issue a sensible statement regarding her plan.

"The mathematical gymnastics in this plan are geared towards hiding a simple truth from voters; it's impossible to pay for Medicare for all without middle class tax increases."

"Sen. Warren would place a new tax of nearly $9 trillion, that will fall on American workers"
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Old 11-02-2019, 12:37 PM
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Quote:
Originally Posted by Dixie_Dude View Post
She also said she would take a certain percentage of billionaires "Net Worth". This is the total of what they are worth. Jeff Bezo's is worth about $70 billion, but almost all of it is in Amazon stock, not cash. So he would have to sell off $7 billion of his Amazon stock to pay his tax just the first year. Same with Bill Gates, about $6.8 billion and Warren Buffet about $6 billion. Their net worth is not in money but in stock ownership of their companies. So after 10 years, the government will own Amazon, or put Bezo's completely out of business taking his net worth, not a portion of his earned income.

Liberals don't understand that billionaires and millionaires don't own cash money, but property, stock in their companies, factories, railroads, airlines, etc. They will not all be able to sell 10% of their net worth, the value of their companies would drop, there would be a stock market crash worse then the Great Depression. Millions would be laid off. Taxing the wealthy out of existance would destroy the country. I know small business owners who have a net worth over $1 million. One owns backhoes, trackhoes, dump trucks, welding machines, trenching machines and is a pipeline contractor. His money is in his company, and in his business. He only pays himself and his family members about $50,000 a year. Any excess profits pay for new equipment and equipment maintenance and maybe a bonus at the end of the year. He has 3 sons, two are equipment operators, and one is a welder. They hire 3 laborers at starting pay of $10 an hour. If a laborer is good and he keeps them, he gives them good raises to keep them.

Socialists don't work for a living, they become conservatives when they get a job.
Or the GOV could pay for it like they do now with our debt...have another country carry it, and when we default they offer immanent domain as payment for default
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Old 11-02-2019, 12:41 PM
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There are Christians out there already a part of a Medicare for all system, it's called Medi-Share. And it doesn't cost any taxpayer a penny, and the GOV is not involved.

https://mychristiancare.org/medi-share/ (scroll down there is a video explaining how it works)
"Medi-Share is a community of Christians who have agreed to live as the early church (Acts 2 & 4) when it comes to sharing each other’s burdens. Members share each other’s eligible medical bills and, most importantly, encourage and lift one another up in prayer."

"Each month, your monthly share is matched with another’s eligible medical bills. Through a secure online portal, Christian Care Ministry coordinates the direct sharing of medical costs between members. You will know each month whose bills your share is helping pay, and when you have eligible bills and your annual household portion (AHP) has been met, your fellow believers will be sharing those bills and praying for you as well."
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Old 11-02-2019, 01:50 PM
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Quote:
Originally Posted by Dixie_Dude View Post
She also said she would take a certain percentage of billionaires "Net Worth". This is the total of what they are worth.
Now does she intend this to be a one time thing or a yearly thing?
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Old 11-02-2019, 02:35 PM
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Originally Posted by Jdog67 View Post
Before Warren can implement her "wealth tax," she will have to have the U.S. Constitution amended, just like it was amended for the income tax. Good luck getting 3/4th of the states to agree to ratify that.
Too difficult and time-consuming. Why not just ignore the Constitution? Most of the country won't notice, and half of those who do will heartily approve since it's just an outdated piece of paper made by old white men (so says the Ministry of Truth and its appendages: schools, universities, and the media).

When America loses her republic, it will be because she voted to lose it and looked the other way while her officials violated laws the people thought were outdated.
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Old 11-02-2019, 02:40 PM
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Two words ......... And remember how THAT turned out!

WIEMAR REPUBLIC
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Old 11-02-2019, 02:41 PM
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That would more than double the Federal budget.

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