by Al_Sharpton_for_President follow (6)
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All of my older relatives love their Medicare insurance. I am not hearing a preference for abolishing Medicare from them at all.
Feds are sitting on an estimated $125 TRILLION in real assets. THAT is just the conservative figure. Most is land but a lot are office buildings, power authorities, etc. They could lease and or sell off some of the juicy ones and easily bail out the SS and Medicare trust funds. Say, $25 trillion worth?
But under Bernie’s single payer, taxes on income will go up to pay for it. And so boomers may be better off retiring, as the state will provide and others will pay.
I would not assume that any tax increases would be less than any potential savings on health insurance.Likely more folks than not will be worse off financially. Employers aren't directly paying for illegals and the uninsured, but the taxpayers will be under single payer. But the calculus for the pre-65 boomer is a bit different - would being taxed under single payer on a lower retirement income be better or worse than working now to access employer sponsored health insurance, if that is the only reason to be working now versus retiring.
But under Bernie’s single payer, taxes on income will go up to pay for it. And so boomers may be better off retiring, as the state will provide and others will pay.
If medicare is as great as everyone says, we should easily be able to do this without raising taxes.As you know, the idea is to have everyone pay for a single payer plan that everyone can access, and not make it optional. Of course, as we have seen with Obummer care, younger, single, healthier folks will opt to not pay under a plan such as you suggest, given the choice. I would imagine that younger, single employees at companies that offer health insurance use much less of this benefit than older employees, and so are subsidizing the older workers who use more, and workers with families. But they aren't subsidizing illegals, the uninsured, and folks who don't work. Under single payer, where the program is paid by taxing earnings, the earners now pay for everyone, and not just the older workers at their place of employment. On the up side, you don't have to work to have insurance, typically the case now. And so you have more career freedom, or more freedom in general.
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