Old Bernie Sanders has a grand plan for health care, a plan very appealing on its surface especially when we don’t know how it will be paid for.
There is one thing we do know; it will involve taxes, lots of taxes on everyone. But wait you say, I may pay more taxes, but I don’t pay health insurance premiums or out-of-pocket costs …whoopee ‼️
That may be true … the first year or maybe two, but guess what happens as costs escalate when Americans start using all that “free” health care.
There is more to think about. Today the US is $20 trillion in debt. and growing as a percentage of the GDP.
The Social Security Trust needs a major influx of funds just to pay what has already been promised, the Medicare trust is running out of money, our annual deficit is half a trillion dollars and several states are in sad fiscal condition meaning they too need more revenue.
Then we have the calls (by the same people promoting Medicare-for-all) to expand Social Security using higher taxes.
In other words, just to continue to fulfill all the promises already made, significant tax increases are necessary and naive Bernie Sanders and his supporters want more of everything which they say will be paid by the wealthy. That is a false and impossible promise.
HOW MUCH MORE IN TAXES ARE YOU WILLING TO PAY TO GET MORE FREE STUFF?