Where can we tax $1.7 trillion per year for single payer?

Update:

Bernie's $1.3 trillion annual cost for single payer understates reality by about $400 billion per year. And his revenues to pay for it are, sadly, laughable.

So, oh promoters of single payer, where would you get $1.7 trillion in annual revenue to pay for your program?

Economic reality required. reference to actual US tax revenues useful. Secondary economic effects need to be included. ["Dynamic scoring" required.]

And how much of this would your family be paying?

Update 2:

some hours later. zero useful responses. are we really this economically illiterate?

Update 3:

over 8 hours later -- notned in another thread suggest taxing alcohol and smokes much more. since they're part of the problem [delayed need for medical care after using them], this is part of the solution. zero points for anyone else, so far

Update 4:

final update: zero best answers

7 Answers

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  • Nosmo
    Lv 7
    3 years ago

    Actually, it is $1.7 trillion over 10 years or $170 billion. That is easy, you get it from the money Americans used to pay in premiums for private insurance.

    • Spock (rhp)
      Lv 7
      3 years agoReport

      no, it is $1.7 trillion every year. LOOK at how much America spends on health care, how much the government spends now, and take 80pc of the difference [Medicare requires 20pc co-pay]. that's most of the $1.7 trillion per year. [interest on added debt is the rest.] zero for you

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  • Athena
    Lv 7
    3 years ago

    LOL, you ran up a bill of $20 Trillion dollars with nothing to show for it, in the last eight years alone, and NOW you are wondering where the money will come from ???

    LOL, ya gotta love liberals.

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  • Tommy
    Lv 4
    3 years ago

    More than that already goes into the hands of big pharma companies each year.

    • Spock (rhp)
      Lv 7
      3 years agoReport

      completely false. Pharma is about 7 [seven] percent of the total. zero for you -- you didn't even check the spending figures.

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  • 3 years ago

    I don't know why anyone would vote for this. This would be a massive tax increase, why would you vote to take less money home with you?

    • Spock (rhp)
      Lv 7
      3 years agoReport

      the question isn't about who would vote for it -- it's about where to get the money assuming that Congress voted for it.

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  • Anonymous
    3 years ago

    I suggest we give up 2 Battleships, 7 war planes, shut down maybe about 30 Military bases across planet Earth, cut Medicare, cut SS, and just simply start to look at balancing the USA Budget.

    I have to run my household this way.....

    Wake the phuck up...

    • Spock (rhp)
      Lv 7
      3 years agoReport

      no where close to enough revenue. and the US Navy has zero battleships in service

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  • 3 years ago

    And your $1.7 trillion figure comes from where?

    Since a single payer would most likely be a Medicare for all plan, does your $1.7 trillion number already account for tax revenue already being collected from Medicare?

    And some think Bernie's plan would work.

    http://www.politifact.com/truth-o-meter/article/20...

    • Spock (rhp)
      Lv 7
      3 years agoReport

      Bernie's $1.3 trillion plus the costs to increase Medicare payments to providers, plus cost to equalize Medicaid payments to providers, plus interest on the buyout of existing insurance companies. Required if you want providers to stay in business and honor the "takings" Constitutional clause.

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  • 3 years ago

    Tax increases across the board, with a bigger increase for the richest and a smaller increase for the poorest.

    • Spock (rhp)
      Lv 7
      3 years agoReport

      current income tax revenues on people and companies together are about $1.5 trillion. Please be more specific -- would you double tax rates? More than that? What effect will this have on jobs?

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