The Rich Can't Save America (military, compared, economic, money)
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I wonder why the demon is always "medicare spending" without mention of Medicaid spending?
Right now we spend 689 billion on medicare (2021) and 728 billion on Medicaid.
The difference is people contribute to medicare over their lifetime through payroll taxes (matched by their employers or themselves if self-employed). On the other hand, Medicaid is welfare healthcare.
WHY DO WE NEVER HEAR MEDICAID IS IN DANGER OF BEING CUT?
At some point, the rich will either have moved out if the country and renounced citizenship, or stayed and been fleeced to the poorhouse by the government and parasite class. At that point, we are Venezuela.
I wonder why the demon is always "medicare spending" without mention of Medicaid spending?
Right now we spend 689 billion on medicare (2021) and 728 billion on Medicaid.
The difference is people contribute to medicare over their lifetime through payroll taxes (matched by their employers or themselves if self-employed). On the other hand, Medicaid is welfare healthcare.
WHY DO WE NEVER HEAR MEDICAID IS IN DANGER OF BEING CUT?
Added to your paragraph.
The difference is people contribute to medicare over their lifetime through payroll taxes (matched by their employers or themselves if self-employed), and from their Social Security and retirement. On the other hand, Medicaid is welfare healthcare.
The rich can't save America but I betcha US retirement accounts can....total of $37 trillion (2020) that Congress would just love, love, love to get their hands on......
It could pay off the national debt and still leave Congress with some "pocket money" for their favorite pork.
The rich can't save America but I betcha US retirement accounts can....total of $37 trillion (2020) that Congress would just love, love, love to get their hands on......
It could pay off the national debt and still leave Congress with some "pocket money" for their favorite pork.
Yep. "Tax the wealthy" proponents are seriously math impaired. Probably the product of the Common Core math debacle. I am worried for the future of this country with this much stupidity afoot.
omg...nice post.
1st of all, taxing the rich a lot will not scrape the surface of our national debt.
2nd, the wealthy will just increase our prices for everything if we jack their taxes.
That is not the answer.
Job #1 is to break the unholy alliance between big gov't and big biz.
I think a 3rd political party is also part of the solution, but that takes 2+ years so it wont impact 2024.
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Quote:
Originally Posted by UrbanQuest
Wealth makes wealth. In the hands of so few, it has been morphed into a machine that further enriches only that same few.
Why do you think wealth accumulation for this 1% has been accelerating. They own a third of all the wealth that is measured within this country. They own a lot more outside of the US. They use their position in this one to send and maintain it offshore.
They are also the ones bankrolling the dissolution of US sovereignty and erasure of our borders. Why would anyone want to help enrich those that could care less about the bottom 90%.
I suppose there are those of you who are or think they will attain the top 1%.
I am not advocating taxing the hell out of them. But certainly raise their taxes a bit more and absolutely do not lower their taxes.
I both agree & disagree. Certainly, if I manage to pay an employee $50k instead of $100k, and I keep the additional $50k, I can say I pay more taxes than them. But I'm not convinced that's the healthiest system overall. My only disagreement is that the ones collecting taxes - government - has a lot of evidence of either being a bad actor, or being subservient to bad actors.
I wonder why the demon is always "medicare spending" without mention of Medicaid spending?
Right now we spend 689 billion on medicare (2021) and 728 billion on Medicaid.
The difference is people contribute to medicare over their lifetime through payroll taxes (matched by their employers or themselves if self-employed). On the other hand, Medicaid is welfare healthcare.
WHY DO WE NEVER HEAR MEDICAID IS IN DANGER OF BEING CUT?
The sickest 10% on Medicaid account for 80% of the cost. That’s adults and children on ventilators and insulin drips, feeding tubes etc..
You think kids in cages was destructive public relations. The country would end if you pulled that plug. (Figuratively of course).
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