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Thread: Walmart workers demand better wages

  1. #1531
    Boo Radley's Avatar
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    Dec 2009
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    10-22-16 @ 11:51 AM

    Re: Walmart workers demand better wages

    Quote Originally Posted by j-mac View Post
    $50 per week? sure....But that is beside the point....Show me the numbers to back up your claim.
    Here's some reading on the tax burden and health care:

    Gerald Friedman, Professor of economics, University of Massachusetts-Amherst

    “While providing superior health care,” the Expanded and Improved Medicare for All Act (HR 676), “would save as much as $570 billion now wasted on administrative overhead and monopoly profits. A single payer system would also make health-care financing dramatically more progressive by replacing fixed, income-invariant health-care expenditures with progressive taxes.”

    Friedman estimated that, in 2013, single payer would save $215 billion on administrative costs to providers, $23 billion on government administration, and $153 billion on private health insurance administration. It would also save $178 billion on drugs, medical equipment, and hospital care by reducing their market power, for a total of $570 billion. Of that, single payer would spend $110 billion extending coverage to all, $142 billion on eliminating co-pays and increasing utilization, especially home health care and dental, and $74 billion to raise Medicaid payment rates to providers, for a net savings of $244 billion.

    Friedman modeled one financing scheme consistent with HR 676: current federal health spending, current state Medicaid spending, plus a small financial transactions tax, high income surtax (6 percent on top 5 percent of income-earners), surtax on unearned income (6 percent), and 4-7 percent payroll tax (4 percent on bottom 40 percent). Compared with what people pay today in taxes, premiums and out-of-pocket payments, single payer would save money for 95 percent of Americans while providing medically necessary care to all.

    Single Payer System Cost? | Physicians for a National Health Program

    Funding a National Single-Payer System | Physicians for a National Health Program

    Paying For National Health Insurance

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  2. #1532
    RDS's Avatar
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    Oct 2009
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    10-16-16 @ 01:58 AM

    Re: Walmart workers demand better wages

    CEO's message is "to hell with you guys, we are expanding abroad".

    Walmart CEO Shares His Biggest Regret - Business Insider

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