woodguru wrote:
They even threw in the dirty word "socialist" which would bias many away from it.
In another aspect FOX pulled some ludicrous number out of their butt of $32 Trillion that this socialist program would cost.
In a shakeup of the for profit medical system it wouldn't cost any more than is going into the system right now. The cost of healthcare right now is the highest per person that has it in the world by thousands of dollars. In a government healthcare for all system there would be a total revamp of the billing system for hospitals and pharmaceutical companies.
They even threw in the dirty word "socialist&... (
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In a way Obama care is a progressive tax, really wealthy people pay $ 30,000 for family insurance pa. it's only what I heard, I believe it but I don't know for sure, however even then wealthy contributors are still not fully covered they have bills to pay if the use meducal facilities it's a nightmare of paperwork.
Why not just have overall progressive taxation, figure out the average people earn "or get", and have a incremental margin of tax liability applied above the average, I know everyone knows what it is but it's been going in the opposite direction for so long maybe folks have forgotten.
Eisenhower - beginning and end marginal tax rates on regular income over $400 K. 92 % - 91%.
Kennedy - 91% over. $400 K.
Johnson - 91% over. $ 400 K reduced 75.25% and he brought the ceiling down $ 200 K. * that was the beginning of the end of progressive taxation in the US, a Democrat *, more people paying the highest rate while wealthy folks paid much less.
Nixon - the top tax rate continued kick in at incomes $200 K. the 77% was reduced to 70% in his term.
Ford - over $ 200 K - 70%
Carter - the marginal tax rate on regular income over $203,200 went up to $215,400 - 70%. So Carter set the ceiling higher for the top tax bracket by $12,200 meaning wealthy folks paid slightly more tax than the median earners but not very much more. I say that because Kennedy's taxation policy stagnated, but Johnson's was a turning point in the ideology of taxation and Carter tried to reverse that bad decision slightly as a matter of principle.
Reagan - Top Rate on Regular income over $ 215,400 - 69•125% tax rate on incomes over $29,750 - 28%.
Under Reagan the maximum tax rates decreased from 70% to 28% at one point but Reagan change the ceilings a couple of time so Bush inherited a completely different regime and the system itself became very confusing after that. In 2010 it became impossible to distinguish the difference between dividend earnings and wages and most business earnings since then have been taxed through an Independent tax code rather than a Corporate tax code putting employer and employee in the same level.
Bush Top tax rate on incomes over $86,500 was 31% , while thesecond tier ceiling became $ 30,950 taxed at 28 % .
Clinton - income over $288 K 39•6% incomes over $ 250 K - 39•6 % this was the first Flat Tax but the brackets remained in place for future possible changes.
My point is that Trump appears to be trying to reverse the Monetarist policy of Milton Friedman which is a 'trickle down approach' incorporated with free trade.
By applying a Monetarist policy which is a 'trickle down approach' incorporated with protectionist trade arrangements.
It's still supply side economics and probably will be a disaster.
The idea would be for Trump to use his popular appeal to increase taxes and have universal Medicare, this is what young people want.