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Member (Idle past 288 days) Posts: 876 From: Richmond, Virginia USA Joined: |
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Author | Topic: Bernie Sanders is a Centerist | |||||||||||||||||||||||||||||||||
LamarkNewAge Member Posts: 2497 Joined: |
quote: That has to be incorrect. Tax cuts for lower income people (at both the federal and state level) tend to be very expensive. The federal income tax revenue is somewhere between $1.5 and $2 trillion per year, and that would mean the bottom 50% pay no more than $50 billion a year nationally. The cost for doubling the standard deduction from $6000 to $12000 would be $70 billion a year. Big 6 Tax Framework Could Cost $2.2 Trillion | Committee for a Responsible Federal Budget I just don't accept the percentages. Also. The top 1% got their Bush Tax Cuts repealed (the cut from 39.6% down to 35%) and it was only about $660 billion taken off from the $4.8 trillion cost over 10 years from 2014-2023. The biggest problem is that INCOME tax increases on just the wealthy don't amount to very much in terms of revenue. EDIT: Even if the total 39.6 is the actual percentage paid by the wealthy (and we know that it is far lower but lets ignore that fact) then (40 divided by 5 would = 8) 8 times $70 billion (the yearly cost of the 4.6%) would be $560 billion. That would be less than 39% right there. Edited by LamarkNewAge, : No reason given. Edited by LamarkNewAge, : No reason given.
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LamarkNewAge Member Posts: 2497 Joined: |
quote: The income federal tax rate (which only covers about $1.5 trillion in $3.5 trillion federal budget, and even smaller percentage when state and local tax rates bring total USA budgets to around $5 trillion per year) for the top 1% is 27% roughly. The bottom 50% pay about 3.45% it seems.
Summary of the Latest Federal Income Tax Data, 2016 Update | Tax Foundation
But it does not count all taxes (especially as state and local tax rates are much flatter, plus lots of regressive taxes like sales tax rates). Payroll taxes take in almost as much as the federal income tax, so that makes the federal rates closer than the income tax alone would indicate. Even in New York, the average rate would be around 40% for the top 1% when all taxes are counted. New York City plus New York state have the highest combined income tax for the top 1%.
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LamarkNewAge Member Posts: 2497 Joined: |
quote: Don't confuse the "race to the bottom" effects with the actual economic climate taxes would have if we all had to pay the same rate depending on whatever state we lived in (for example: a world government with a uniform world tax rate). Right now, the game is rigged. In favor of lower income taxes. Montana, Oregon, Delaware, and New Hampshire have a zero percent sales tax. But businesses can't benefit from setting up shop in those states (which have higher income taxes than your average state - MINUS New Hampshire, which lacks that tax too) because the federal government won't allow the businesses to benefit from the zero percent sales tax rate when online buyers send money to a business in those states. It requires the state a person lives in to dictate the sales tax (which the state gets). There would be a race to the bottom in sales tax rates if the game wasn't rigged in favor of a race to the bottom in income taxes. And California is attracting higher income people way over Texas. Other issue. I wanted to talk more about the (no co-pay!) single payer issue too. Interesting issue as California could very well see just 12% of its Gross State Product go toward healthcare spending, if a measure with price controls was implemented. A cost control type of plan was detailed in the June 21 L.A. Times and the total cost would be about $331 billion a year max. About 12% or 13% of the gross state product. The rate in Texas is more like 17% or 18%. I lost my L A Times issue that detailed it though.
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LamarkNewAge Member Posts: 2497 Joined: |
California is moving higher and higher in income.
With high taxes.
quote: Look at the Gross state product. GDP$2.603 trillion (2016) Very high. Health Care spending will be $370 billion in 2017 About 14% of California GDP. Not 18% as this article states. CA Bill Proposes Free Health Care for All, but Has No Funding Plan – PJ Media
quote: 14% Not 18% Facts matter. Lots of other bad numbers from critics of single payer are repeated endlessly. But, I will be that this policy (if implemented) proves your economic theories wrong.
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LamarkNewAge Member Posts: 2497 Joined: |
quote: But, what if everybody were made richer? It would bring in more income tax revenue, right? Can't that be part of the debate instead of simply assuming that everybody is out to rip rich people off? I look at it like this: Imagine if every person had a nurturing environment that rich kids benefit from.Then imagine what kind of grown ups we would have today. Then ask ourselves if all kids are natural born parasites. Then ask ourselves if the debate over government policies misses the point when we assume that individuals are parasites while they struggle to learn, survives, and thrive. But, back to real world policy. Would health care policy count as an investment (which pays returns?) or just a luscious give away for the poor? What (government) costs are justified? Would a massive "free stuff" plan be as bad if the costs were lower than a certain amount? Would every Californian being automatically covered (with no paperwork or difficult signing up requirements) metabolically "free the mind" (so to speak) and souls of Californians to concentrate on their careers and work as opposed to obsessing over getting a cancer or infection taken care of (and going through the endless maze of coverage rules, which often require reducing income and quitting jobs)? What about plain human rights. Look at this. Semi private single rooms at nursing homes cost about $100,000 a year now. Semi private rooms with a roommate at a nursing room cost about $90,000 a year. Assisted living rooms cost $48,000 roughly a year. Medicaid will cover the costs if assets are low enough. The elderly (in the later years) are a major source of burdensome government expenses (especially as Medicaid is concerned), but would we be better off without the expenditure? I think society (as well as the families) is better off, but the cost to benefit ratio to the economy is not going to cause a particularly justifiable expense to taxpayers (unless the argument can be maid that the hurt the loved ones suffer from will drag down economic output). I think we need to see health care as a human right. Medicaid doesn't cover mouth infections in most states (it is "dental" until the infection spreads to - for example - the brain, and a Maryland male on Medicaid couldn't afford to pay out-of-pocket for his gum infection SO HE DIED FROM A BRAIN INFECTION) What about human rights? Here is google links on the California "free stuff" debate. california health care free stuff no co-pays - Google Search Then health care spending by state. health care spending costs by state - Google Search California's budget is in deficit because lower income people aren't paying quite enough it seems. california state budget revenue - Google Search two articles critical of California health care. California’s single-payer plan costs $400 billion twice the state’s entire budget - Vox California’s single-payer plan costs $400 billion twice the state’s entire budgetThe state’s ambitious bid to establish a single-payer health care system has a hefty price tag. then California's Single-Payer Health Care Plan Would Cost More Than the State's Whole Budget California’s Single-Payer Health Care Plan Would Cost More Than the State’s Whole Budget Like in Colorado, New York, and Vermont, California is learning that a single-payer plan would be prohibitively expensive. Eric Boehm|May. 23, 2017 2:45 pm I still think we should look at net economic benefits of a policy. And not accuse people of being parasites for just wanting to survive the thousands of things that break down and kill the body.
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LamarkNewAge Member Posts: 2497 Joined: |
Coyote said:
quote: Medicaid is already 100% free (though New York has a Medicaid program that allows certain people - with higher incomes than beneficiaries typically have - to pay 50% of the cost with the program covering the other 50% PLUS Iowa and others require a 20% co-payment for ObamaCare expansion beneficiaries), but how to qualify? Here is how to qualify for free nursing home funding.
quote: RAZD talked about how Wallmart actually slows the economic growth of the nation by holding down wages so Medicaid can be avaliable for its employees. Remember that this company has 1.5 million plus employees - about 1% of the workforce. Here is RAZD in his own words:
quote: Back to Coyote again. The critically ill don't need to move to California. The issue in California isn't about helping the "freeloaders". It is about freeing the economy for growth. No need to SPEND DOWN assets to qualify for Medicaid. No need to HOLD DOWN wages (growth!) to qualify for ObamaCare subsidies and/or Medicaid. The government of California (and with the Federal government which pays a lot of this 65%) already spends about 65% of its 13.5%-14% GDP percentage for healthcare. NOW. About 9% of the California GDP is already paid for by the government for healthcare. The single payer plan (if it involves certain cost control measures) will run from 12.3% to 12.7% of the California GDP to operate. The other 3.5% or so will need to be covered by taxes. But that is the static analysis. The situation will be dynamic. Understanding the dynamics of the economic situation, imagine the economic growth that will come when WORKING PEOPLE come to the state (to contribute!) for the healthcare system (among other reasons). That is just the in migration issue. Don't forget the further "dynamic scoring" factors to consider, and I'm referring to the benefits of cheaper healthcare leaving lots of additional money in Californian's overall pockets. Look at all the leftover money the citizens of California will have to spend on all sorts of economically boosting products, services, events, traveling, etc. This is pro growth all around. Economic dynamite. Edited by LamarkNewAge, : No reason given.
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LamarkNewAge Member Posts: 2497 Joined: |
quote: The ACA wanted younger people to pay insurance companies premiums, and many choose not to. I don't think it was an issue of very sick people buying insurance. (there was a preexisting condition coverage issue, but that does not seem like the same thing you are saying) California could have a 9.1% payroll tax (or 4.5% by an employee and 4.5% ,matched by the employer) and the remaining 4% of GDP(not 3.5% as I said earlier) to pay for the (amount presently unfunded by existing federal and state money used for California health care) collective pooling would be funded. I don't want the income tax to be the main funding driver however. Whatever is settled on should be flat and across the board (not just on the rich because the upper 1% or 2% won't be able to be taxed alone without hurtful economic consequences). Everybody should pay the same income tax rate that is settled on. I would try to keep the income tax increase no higher than 4%, and spread out the other $53 billion across all the other taxes (property, sales, snack, gas, tobacco alcohol, hotel, etc.).
quote: California won't need to have rules much different than current Medicaid programs have. Or any different at all. Why would those types of people get any benefit moving to California? Edited by LamarkNewAge, : No reason given.
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LamarkNewAge Member Posts: 2497 Joined: |
quote: California has a bit more than 12.0% of the nations population. Outside of California, fully 20% are on Medicaid already. My numbers and logic are about to get very rough, but bear with me. That leaves 68% who might possibly have something to gain by moving to California. (I suppose it depends on what kind of benefits the Medicaid program has in the home state the beneficiaries live in) But, can't they get the most generous Medicaid benefits in New York? (Is California not matched in benefits in other places too?) Do they really have to go to California? But away from single payer programs, and lets get to the ACA. A lot of people already had insurance before the ACA. The majority of the (net) 10-12 million or so of people covered nationwide by the ACA changes are Medicaid enrollees. Not too much has changed in the insurance marketplace (net) enrollee numbers. On a net level, insurance companies are making profits. The fact that profits are spread over many different companies nationwide means that no individual company is reaping the entire reward of all the net profits. Too many hands in the cookie jar, but it is the insurance profiteers that are the ones that we need to catch red handed (not the consumers). Speaking of the net situation, I doubt that the overall "cost" to California will be very negative when you consider all the forces that draw outsiders into the state. Heck Medicaid keeps adding enrollees, but the federal cost isn't projected to reach 3.0% of GDP by even so distant a date as 2050 (it will go from 1.8% today to 2.7% by 2047). 75 million today. Over 85 million around 2025. I just don't consider the macro-economics harmful. Medicaid only is "harmful" because it strongly encourages a "spend down" of assets (the ACA might have changed that, but I'm not sure) and a move away from working most full time jobs(or from working at all). Families get punished for marriage too. Universal Single Payer (especially "free stuff" for ALL - rich or poor) solves that problem. Health consumers benefit and just have a lot to offer an economy hungry for growth.
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LamarkNewAge Member Posts: 2497 Joined: |
NoNukes said:
quote: Here is text from your article.
quote: Here is something to consider. (article is titled, Democrats Have Given Up on Private Health Care Markets and for Good Reason by Jon Walker, October 8 2017, 9:50 a.m.)
quote: The fact of the matter is that Bernie Sanders was right to push for single payer. Who wants to pay 6% of their income for a high deductible ($6000 high) Bronze plan which will eventually (after individuals pay the entire $6000) only pay 60% of covered benefits? Or 12% for a Silver plan which also has a lot of out of pocket co-pays? California single payer bottom line. I still wish we could see definitively if existing California government programs and the Federal government programs spent on California are going to be $225 billion in 2017 (like the University Study I linked to) as opposed to the $200 billion number shown by the California state legislature. The 15% payroll tax brought in $200 billion, so that means that the $106 billion additional cost (for a total of $331 billion) would be require just a bit less than an 8% flat income tax. But it only holds if the state will already have a $225 billion pot read (as opposed to $200 billion). It could very well be just a 7.95% payroll tax (or call it a flat income tax), which is not only less than all those ACA plans, but cheaper than the 15.3% payroll tax most pay for Medicare and Social Security (and Medicare has premiums deductibles if one actually gets the benefits, not to mention big copays). The plan could cost just $106 billion out of a state with a nearly $2.7 trillion GDP in 2017. A 4% income tax would bring in a bit more than $53 billion, then another $53 billion would need to come elsewhere. I hate sales taxes but perhaps a very small VAT (if only 1%) could bring in a good bit of revenue if there are no exemptions. 100% free healthcare is a big enough deal that perhaps a radical VAT can be considered(with the 1% tax being applied to food, car, and even house purchases) which perhaps can bring in over $20 billion a year (perhaps even more)? The California state budget is presently $182 billion a year, but local taxes in the various towns and cities would bring the total up much higher. Perhaps as high as $400 billion, so a $106 billion additional cost (with additional property taxes collected at the state level) could only be 25% more in total taxes. Edited by LamarkNewAge, : No reason given.
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LamarkNewAge Member Posts: 2497 Joined: |
quote: We are also overlooking the forest for the trees. California will actually have cheaper healthcare than the other 49 states, so it should be seen as a NATIONAL benefit for people to migrate to California for healthcare. The race-to-the-bottom situation of 50 separate states competing with lower and lower income (not to mention capital gains and such) taxes could hurt California in certain ways. I said "could". But this whole idea that some people are unworthy and harmful (like our entire immigration debate) is more economically destructive and ignorant than accurate. Texas has politicians who like to brag about all the jobs (supposedly) created, but they are "poached" jobs. Texas spends literally 50% of its entire state budget on tax giveaways to lure existing businesses to the state (Oklahoma is number 2 at that tactic and only spends about 20% of its entire state budget). Amazon is looking for a free lunch and this nationwide trend (think Foxconn in Wisconsin) is causing tax bases to be seriously eroded for state budgets (which require lots of infrastructure spending for businesses). California is a productive state (like New York) and the freeloader states (like Tennessee and Texas) are not the economic contributors they are often made out to be. Texas still has 16% of its population uninsured (though it was 25% before the ACA), so let poor Texans find a way to productive states (like California) so they can add to the nations GDP (and lower the total healthcare costs of the nation). California leads and produces. Texas sucks (not saying it can't eventually change). Edited by LamarkNewAge, : No reason given.
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LamarkNewAge Member Posts: 2497 Joined:
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quote: Phil Murphy beats Kim Guadagno to succeed Christie as N.J. governor - nj.com This is evidence that New Jersey isn't simply a moderate Democratic state that only votes for certain (non liberal) Democrats because of the abortion issue. A 13% win for a very liberal Democrat is actually groundbreaking in this state. The Corey Booker win didn't seem to settle the issue, but this has.
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LamarkNewAge Member Posts: 2497 Joined: |
quote: You are so busy mumbling about how the Hillary Clinton couldn't possibly be (GASP - secretly!)manipulating the primary schedule with a corrupt DNC that you forgot all about this one. You said it.
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