Current Events > Warren Left $30 Trillion Short of Paying for Her Health Plan

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s0nicfan
10/21/19 10:10:36 AM
#51:


Sackgurl posted...
This is a list of the maximum potential tax rates around Europe


you posted:

s0nicfan posted...
Ah, the old "just make everyone pay 50%+ tax rates and we're covered" trick.


looking at the plot of 'average' taxes paid, less the 'employer' portion, it appears the average rate paid in europe is about 30%


So we've gone from "artificially large numbers" to accepting that well okay those are real numbers that people actually pay, but not everyone.

The reality is what you're proposing is a massive shift of the tax burden on to individuals in an environment where the bottom 50% already pays an effective federal income tax rate of 0.
https://www.marketwatch.com/story/81-million-americans-wont-pay-any-federal-income-taxes-this-year-heres-why-2018-04-16

A European system is going to require European taxes. Even if we assume that the Wikipedia article numbers aren't representative, and they're closer to say 20% instead of 50, you're still asking people who currently pay 0% to start paying 20% to raise the kind of funds that are necessary to cover 350 million people. There's just no other way to make it happen.
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AlephZero
10/21/19 10:19:27 AM
#52:


tax the rich and cut the military

bezos needs to pay his fair share
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RoseIsHorriblle
10/21/19 10:31:00 AM
#53:


It's 2019 and there are people that still believe in socialism. Some people just hate progress.
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Balrog0
10/21/19 10:32:56 AM
#54:


AlephZero posted...
tax the rich and cut the military

bezos needs to pay his fair share


if jeff bezos died today, the state of washington would experience a 53% increase in their annual revenue lol

just for the one year though

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Sad_Face
10/21/19 10:34:20 AM
#55:


ScazarMeltex posted...
DarkRoast posted...
The problem with our healthcare system is that it costs way too much compared to any other country.

It's like someone trying to sell you a Ford Escape for $1.5M, and instead of asking why the hell it's so expensive, you just try to find ways to raise the money.

The solution isn't more money, the solution is cost control measures. We are literally wasting billions of dollars on useless health Care expenditures. Spending even more money benefits no one except the middlemen.


The middlemen are the ones causing that high price. They gotta take their cut.


Rest assured blockchain technology will transform the insurance industry. By kicking all those middlemen out.
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Sackgurl
10/21/19 10:37:36 AM
#56:


s0nicfan posted...
So we've gone from "artificially large numbers" to accepting that well okay those are real numbers that people actually pay, but not everyone.

i'm glad you have moved away from introducing artificially large numbers into this discussion! thank you for doing that, i'm glad you see that the top marginal tax rate has little to do with what everyone is paying.

next, you should consider that the data you linked to also includes the united states, which already pays an average tax rate of 23% per that data.

this includes payroll and state taxes, which are (mostly) flat. technically payroll is a little regressive, and state taxes are a little progressive.

the link you provided to marketwatch is specific to the federal income tax exclusively, which is well known to be very progressive. it does not include payroll (SS/medicare) or state income taxes, but state income taxes currently pay for medicaid and payroll taxes of course pay for medicare. so it's somewhat disingenuous to leave out the main ways we're currently funding our healthcare spending!

the data balrog was kind enough to share gives us a reasonable estimate to what kind of tax increases we'd need annually to fill the funding gap--about an increase of one third of our total, since direct spending and federal tax credits/deductions already pay for nearly two thirds of the cost of american healthcare. rising to the typical european rates of 30% on average would cover that difference. this should make sense--we spend on many things they do not but we are also wealthier per capita.

if done at a flat rate, this would amount to a 7-8% tax increase per worker, not the 20% you're beating the drum for by ignoring the taxes workers are already paying.

if done at rates consistent with each worker's share of total income, the top quintile could instead bear 60% of that burden (as they make 60% of the income, per CBO 2016) and see the 20% tax increase you keep mentioning, so as to allow the bottom three quintiles to instead face something more like a 2% increase.
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Balrog0
10/21/19 10:43:37 AM
#57:


Sackgurl posted...
technically payroll is a little regressive, and state taxes are a little progressive.


state income taxes may be a little progressive, but state taxes overall are regressive (though not as regressive as federal taxes are progressive -- the overall mixture is still progressive)

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Sackgurl
10/21/19 10:46:06 AM
#58:


being clear, i think that some combination of flat/VAT taxes and progressive taxes is probably necessary, and that everyone's taxes will go up--but if they rise less than premiums/personal healthcare costs fall, and the average person's health increases while medical bankruptcy rates fall, that seems like a more efficient use of our resources than continuing to subsidize our employer-based system.

but a lot of why this problem seems 'too big' for us is we do not pay attention to how our taxes are already being spent on it.

"medicare for all" costs 30T.

"the status quo" costs 23T.

Balrog0 posted...
state income taxes may be a little progressive, but state taxes overall are regressive (though not as regressive as federal taxes are progressive -- the overall mixture is still progressive)


i appreciate the correction--some states run zero or near zero income taxes and supplement with sales and other VAT-like taxes, so that is definitely true.
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Loud_Pipes
10/21/19 10:58:03 AM
#59:


I am not willing to vote for someone who considers me upper middle class even though I've only barely started making it. Not interested in much higher taxes for little gain.

Contain costs and prove you have a sustainable plan that doesn't rob me for being diligent, and then we can talk.
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Balrog0
10/21/19 10:58:49 AM
#60:


Loud_Pipes posted...
Contain costs and prove you have a sustainable plan that doesn't rob me for being diligent, and then we can talk.


the only way to contain costs is to either eliminate or tightly regulate private health insurers

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Sackgurl
10/21/19 11:02:36 AM
#61:


Balrog0 posted...
the only way to contain costs is to either eliminate or tightly regulate private health insurers

one interesting question i have is that if we merely eliminated the subsidies and employer coverage requirements and ran a public option that competed (and grandfathered in all govt employees/VA/medicaid/medicare recipients), would private health insurers largely self-eliminate?

half the room at the last debate were calling that medicare for 'all who want it' and i am kinda curious if we'd just get to where 'all want it' once we stop funding the competition
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Loud_Pipes
10/21/19 11:06:30 AM
#62:


Maybe it is not possible to reduce costs and provide universal coverage for 350 million people where half or more barely pay anything in taxes. At least not as long as Americans keep getting fatter and healthcare is supplied by human labor.

We could tax ourselves to death trying to do everything Warren and Sanders want.
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Balrog0
10/21/19 11:12:16 AM
#63:


Loud_Pipes posted...
Maybe it is not possible to reduce costs and provide universal coverage for 350 million people where half or more barely pay anything in taxes


I'm not sure what these two things have to do with each other.

One reason that prices are out of control is because we are the only developed country where a large share of the population only interacts with doctors after an ER visit. You're saying that as though the implication is that covering more people makes it harder to contain costs, but that ignores the fact that we don't deny service to people experiencing a major medical event.

Do you think we should be able to? That is one way we could bend the cost curve, by denying service to those without an ability to pay. That is more or less how markets work in every other area, and especially in the abstract.

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Sackgurl
10/21/19 11:14:18 AM
#64:


i think OP is just trolling
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Loud_Pipes
10/21/19 11:38:23 AM
#65:


The implication is that we need to reduce our population as a species. Too many of us are consumers rather than producers. We need to reduce our population by a few billion at least. Ideally we would be at around 500 million total population.

An ounce of contraceptives are worth a pound of healthcare.
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ASithLord7
10/21/19 11:47:15 AM
#66:


Loud_Pipes posted...
Doe posted...
How are these numbers being totaled; how can EU members achieve such a system and not us, who are richer


Probably because EU members are content to have tiny take-home salaries and no prospects of ever owning property or building wealth.

What a crock of horseshit lmao
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Antifar
10/21/19 11:49:17 AM
#67:


Loud_Pipes posted...
We need to reduce our population by a few billion at least. Ideally we would be at around 500 million total population.

What's your proposed solution to this?
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SailorGoon
10/21/19 11:50:31 AM
#68:


Antifar posted...
Loud_Pipes posted...
We need to reduce our population by a few billion at least. Ideally we would be at around 500 million total population.

What's your proposed solution to this?

Collect all the infinity stones
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Southernfatman
10/21/19 11:53:19 AM
#69:


*Tax cuts and wars*

*crickets*

*Helping people other than the rich*

DEBT! THE DEFICIT! BANKRUPTCY! WHOSE GONNA PAY FOR THAT!?

They do this shit whenever a Democrat gets in office. Republicans/conservatives will constantly talk about it for 4-8 years straight, but when a Republican gets in office: not a word. They don't really care. They just want to shit on left leaning policies because their masters told them to.
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untrustful
10/21/19 11:54:13 AM
#70:


Even if free healthcare gets passed, republicans will screw it up, just like conservatives ruined the NHS in Britain. It wouldn't be enough to have free healthcare, you'd have to stop republicans from trying to tarnish it so they can get a political edge. As soon as they win it's over, and since winning in a future election is inevitable for them, so it is inevitable that free healthcare will be trashed.

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untrustful
10/21/19 11:54:59 AM
#71:


Southernfatman posted...
*Tax cuts and wars*

*crickets*

*Helping people other than the rich*

DEBT! THE DEFICIT! BANKRUPTCY! WHOSE GONNA PAY FOR THAT!?
Yeah they're doing that in this very topic.

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Webmaster4531
10/21/19 12:01:05 PM
#72:


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Balrog0
10/21/19 12:02:28 PM
#73:


Webmaster4531 posted...
https://en.m.wikipedia.org/wiki/List_of_countries_with_universal_health_care


yeah but pretty much no where is universal health care referring to all vision, dental, and mental health services being free at the point of service

the US would have the most generous system by far

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DarkRoast
10/21/19 12:03:02 PM
#74:


What if I told you

That you could spend half as much money on healthcare, lower taxes in the process, and have universal coverage?


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AlephZero
10/21/19 12:08:46 PM
#75:


Balrog0 posted...
Webmaster4531 posted...
https://en.m.wikipedia.org/wiki/List_of_countries_with_universal_health_care


yeah but pretty much no where is universal health care referring to all vision, dental, and mental health services being free at the point of service

the US would have the most generous system by far

For everyone who lives here, legally or not.
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Loud_Pipes
10/21/19 12:30:34 PM
#76:


Antifar posted...
Loud_Pipes posted...
We need to reduce our population by a few billion at least. Ideally we would be at around 500 million total population.

What's your proposed solution to this?


Free contraceptives and free abortion for all who want it. And even free college which is much cheaper than trying to tax our way through Warren's enormous funding gap.
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CanuckCowboy
10/21/19 1:01:46 PM
#77:


The Admiral posted...
Loud_Pipes posted...
ASithLord7 posted...
The Admiral posted...
Her response will just be "rich people and corporate fat cats." Same brain-dead, fairy tale response that all these socialist loons give when their unrealistic policy is called out.

The US is the greatest country on Earth but totally incapable of achieving something that every other first-world country has


Where do you suggest we pull the missing $30 trillion from?


*crickets*


Youre country is fucked on this regard, literally every other decent country to live in has managed it, and theres no way more it should cost that much

But dark roast already walked you through that point and you didnt like it so you ignored it.
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Loud_Pipes
10/21/19 1:03:33 PM
#78:


CanuckCowboy posted...
The Admiral posted...
Loud_Pipes posted...
ASithLord7 posted...
The Admiral posted...
Her response will just be "rich people and corporate fat cats." Same brain-dead, fairy tale response that all these socialist loons give when their unrealistic policy is called out.

The US is the greatest country on Earth but totally incapable of achieving something that every other first-world country has


Where do you suggest we pull the missing $30 trillion from?


*crickets*


Youre country is fucked on this regard, literally every other decent country to live in has managed it, and theres no way more it should cost that much

But dark roast already walked you through that point and you didnt like it so you ignored it.


Every other decent country has figured out how to pay for healthcare 350 million people, at least half of whom do not pay taxes and/or are morbidly obese?
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DarkRoast
10/21/19 1:05:11 PM
#79:


If you walk into Starbucks and they're selling a cappuccino for $100 and a latte for $3, you don't sit around trying to find ways to pay for the cappuccino.

That's the current DNC and GOP method of dealing with healthcare reform.

Nobody's asking why we can't just buy a latte for everyone inside the Starbucks for less money than a single cappuccino.


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emblem boy
10/21/19 1:11:49 PM
#80:


DarkRoast posted...
Nobody's asking why we can't just buy a latte for everyone inside the Starbucks for less money than a single cappuccino.


How do we do that
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CADE FOSTER
10/21/19 1:14:27 PM
#81:


what have republicans come up with remember when Trump said we would repeal and replace very quickly still waiting
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Balrog0
10/21/19 1:15:41 PM
#82:


CADE FOSTER posted...
what have republicans come up with remember when Trump said we would repeal and replace very quickly still waiting


they basically came up with block grants

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Loud_Pipes
10/21/19 1:16:13 PM
#83:


CADE FOSTER posted...
what have republicans come up with remember when Trump said we would repeal and replace very quickly still waiting


Republicans aren't capable of fixing the problem either. Maybe their idea of more price transparency would help, but some things you can't shop around for.
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