• $52 trillion would be spent under current system, slightly less than $52 trillion would be spent under M4A, and under M4A $11 trillion that would be paid through household premiums and out-of-pocket expenses would instead stay with taxpayers, effectively becoming a massive stimulus.
  
• Administrative spending on healthcare costs would be cut significantly, from 12% of premiums to 2.3% (current Medicare level)
  
• Costs for medical care cut significantly by paying Medicare rates instead of made-up/significantly inflated rates currently charged. Billing costs would also be reduced significantly as a consequence.
  
• Break up hospital chains and prevent mergers to ensure competition
  
• Bring down prescription drug prices by leveraging buying power to negotiate better prices and, if necessary, making drugs ourselves.
  
• Redirect state spending on healthcare to federal spending
  
• Total new federal spending required thus estimated at $20.5 trillion over 10 years.
  

• Have employers pay 98% of what they would be spending on healthcare costs to the federal government instead, generating ~$8.8 trillion. Employers can pay less if they have collective bargaining agreements with their employees.
  
• ~$1.4 trillion from existing taxes off of the $11 trillion that people would no longer be spending on healthcare premiums/out of pocket costs, or from tax exemptions on health savings accounts.
  
• Increase enforcement of existing tax laws, pointing the IRS at the rich and offshore accounts, to the tune of $2.3 trillion we should be collecting anyway
  
• $800 billion from a .1% tax on the sale of stocks and bonds by financial firms, and fees on large banks for $100 billion
  
• $2.9 trillion from changes to the tax code on corporations to prevent things like depreciation shenanigans and hiding wealth overseas.
  
• $3 trillion from taxes on the ultra-wealthy, including a 6% wealth tax on assets over a billion, and changes to how capital gains taxes are assessed and collected.
  
• Implement the 2013 immigration reform bill, which will generate ~$400 billion in new revenues
  
• Cut the DoD's Overseas Contingency Operations fund, redirect the ~$800 billion that would otherwise be spent on wars over the next ten years.
  

• Creating a 4 percent income-based premium paid by employees, exempting the first $29,000 in income for a family of four;
  
• Imposing a 7.5 percent income-based premium paid by employers, exempting the first $2 million in payroll to protect small businesses;
  
• Eliminating health tax expenditures;
  
• Making the federal income tax more progressive, including a marginal tax rate of up to 70 percent on those making above $10 million, taxing earned and unearned income at the same rates, and limiting tax deductions for filers in the top tax bracket
  
• Making the estate tax more progressive, including a 77 percent top rate on an inheritance above $1 billion;
  
• Establishing a tax on extreme wealth
  
• Closing the “Gingrich-Edwards Loophole”;
  
• Imposing a fee on large financial institutions
  
• Repealing corporate accounting gimmicks.
  

Acebuckeye13 fucked around with this message at 03:58 on Nov 4, 2019

Acebuckeye13 fucked around with this message at 06:07 on Nov 5, 2019

Acebuckeye13 fucked around with this message at 17:54 on Nov 12, 2019