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Of course it is very underfunded. As it is now, seniors get 2-3x returns for their money. Younger people would get less. But there is not enough USD money in existence today to fund all our future HC needs. So of course taxation won't cover it.
It should be very obvious where the shortfall will have to be made up.
or America has to come to a national consensus over what if any of the new medical technology (genetic therapy (individual expensive cures). , new expensive drugs (i.e spending nearly 100,000 bucks on a new 12 pill hepattis C cure) should be paid for by the public and what will only be available to those who can pay for it!
For those who can't pay up one will have to accept things like disability, illness, shorter live span old age and death!
My point is that Medicare is woefully underfunded as it is and needs higher taxes just to keep the current system viable.
Medicare is actually sitting on a SURPLUS of some $275 billion and is viewed as being "solvent" as it is through at least 2030 by the very conservative trustees.
Last edited by Reynard32; 11-04-2015 at 10:17 AM..
$14.4t worth of land taxed at 10% = $1.4 trillion , enough for healthcare that is free at the point of service.
a typical $150,000 home has land worth 1/3 of its price, $50k, which is $5,000 / year for nationalized healthcare.
Now watch the Republicans, rentiers, slumlords, and miscellaneous economic parasites sht a brick.
Sounds good to you, until the reality of all the federal government's waste, fraud and abuse hits home. The politicians will use all that money to empower themselves and buy votes and influence with their donors, special interest groups, and corporate and political cronies, and that's just to get reelected.
Instead of creating new taxes, why not just cut out the billions in waste instead?
Politicians have been coming to Washington for decades now, pledged to root out waste, fraud, and abuse. And they've by and large succeeded. There is very little of it left Idiots like Coburn and CAGW however still churn up anger by reporting on entirely worthwhile programs that the public at large will not understand. Think putting shrimp on tiny treadmills, or researching the sex life of zebra mussels. Very important things actually, but easy for unprincipled demagogues to use in influencing the thinking of unsophisticated audiences.
And btw, even politicians cannot spend money until they have an authorization and appropriation for it.
Last edited by Reynard32; 11-04-2015 at 10:21 AM..
Only in the minds of those who can't conceive of a non-destructive tax scheme.
We know what a non-destructive tax scheme is. Scandinavian and European countries have them:
Quote:
"UC Davis's Peter Lindert has argues in his book "Growing Public" that European social democracies were only able to develop the programs they did because they used efficient consumption taxes that didn't lower growth as much as progressive income taxes, particularly those on capital income. European countries needed tax systems that could raise a lot of money without hurting growth, and only regressive consumption taxes fit the bill."
Politicians have been coming to Washington for decades now, pledged to root out waste, fraud, and abuse. And they've by and large succeeded. There is very little of it left Idiots like Coburn and CAGW however still churn up anger by reporting on entirely worthwhile programs that the public at large will not understand. Think putting shrimp on tiny treadmills, or researching the sex life of zebra mussels. Very important things actually, but easy for unprincipled demagogues to use in influencing the thinking of unsophisticated audiences.
Classic example of arguing about a source and ignoring the facts presented. And there are countless threads about GOP candidates afraid of CNBC, here is someone who can't even deign to investigate a website because of extreme prejudices.
The Echo Chamber is the Echo Chamber. No usable information is ever going to be gleaned from a site called "Mr. Conservative."
If millenials want medicare they need to pony up and pay for it. Their payroll taxes need to be upped to the equivalent rate of an insurance premium.
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