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You aren't freeing up money, you are moving it from one person to another.
There is no creation of wealth going on here at all.
I beg to differ.
The "move" is FROM the sector who can easily shoulder the burden and not feel the pain, TO those who feel the pain tremendously who can hardly afford the debt equivalent of a mortgage on a house. That will free up that person's disposable income to the value of what was freed, most certainly.
they will pull their capital out of the tax jurisdiction and move it elsewhere.
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The problem is you are missing the negatives in this and assuming everything you think is going to happen will.
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A huge amount of this capital will flee the country, as it has in France, Denmark, and Sweden which is why all of those nations reversed their "soak the rich" taxes
I would favor a constitutional amendment to revoke the citizenship of individuals to engage in massive capital flight to oversees accounts. Of course, there are ramifications, dealt with case by case.
Third, the reality is that the bulk of this new revenue would land on the middle and working class, as it has in Europe.
Fourth, the programs you imagine (free education and UHC) are not what you imagine
Would i rather pay a tax that is "x" to remove a premium that is "Y" if that premium is larger than the tax?
I definitely would, and I would even do it if the premium were the same, or slightly less, of the outcome is that everyone has health care. That is the more moral path to take, for a society, that's what liberals believe.
Just as a rich person can send their child to a private school, I'm not saying to kill private insurance.
The fact that health care is going up ( sabotaging ACA isn't helping in that regard, I'd say it's contributing to it ) is more reason to implement UHC. Also, regardless of the ACA, health care costs were going up. Moreover, during the ACA Obama years after the ACA, the rate of increase was slower than that during the Bush years.
I'm in the hospitality biz, and when I meet someone from a foreign country, (those from netherlands, France, Canada etc) I make it a point to ask the following question:
"Would you trade your country's health care system for that of the USA ? "
I'd say I've put that question to at least 100 people, and only one person out of that number said they preferred America's.
So, I don't know what republicans seem to object to, but apparently it's part of some alternate reality. The simple fact is that in the some 50 western developed nations, the per capita cost of health care in those countries is roughly half of what it is here.
I hear "we don't want a gov run hospital" argument. no, "med for all" is not a gov run hospital. It's a consortium of private clinics that will still be competing against each other and will still accept private insurance.
The difference is only that the gov foots the bill, and thereby eliminates a big cost layer, the insurers. What is being done is merely redirecting funds that are already being spent, into a more cost efficient system, which is one of the reasons the health care costs per capita on those countries is a lot less than that of the USA.
And, the benefit is that EVERYONE will have health care. That means those that do not have it now will have it, and the the aggregate level of stress in th nation will go down, and will have residual positive benefits that are hard to calculate. As a civic policy, it seems to me that is, by far, the more moral path to take.
Why is it, that year after year, The World Happiness Survey lists the netherland countries ( last year it was Norway, this year it was Finland ) as the happiest place in the world? Maybe it's because they don't have to worry about filing bankruptcy if there is a catastrophic illness? How about things like paid leave for mom's and dads just after a kid was born? Ya think that will make for better children ( given the love they receive during those important early months) ?
You do realize that private insurers have claims departments, who have a tremendous incentive to deny claims?
What was the world like before the ACA? Listen to these 60 minutes segments:
YouTube
YouTube
It wasn't until the ACA that that kind of thing is illegal. I wouldn't doubt for a minute that insurers are still doing it.
Now, Trump is trying to KILL the ACA, while he claims that He, not dems, want to protect preexisting conditions.
And, Republicans SUPPORT what he is doing. I'm not hearing any criticism from them on this.
I'm sorry UHC has broad public support, and republicans are on the wrong side of this issue.
No solution is perfect, but a nation who gives access to affordable care to all of it's citizens, is a more moral nation than one which does not.
Cya in November.