Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Dick Young’s Safe America
  • Your Survival Guy’s Super States
  • Critical Race Theory
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money

Democrats’ Pie-in-the-Sky Proposals

June 24, 2019 By Debbie Young

Vice President Joe Biden, April 7, 2015. Photo courtesy of the U.S. Department for Housing and Urban Development.

Originally posted May 1, 2019.

As Democrat presidential candidates vie for voters’ attention, they are suggesting a potpourri of giveaways, including Medicare-for-All and greater Social Security benefits.

How to pay for these proposals? Finance new taxes. But, warns the WSJ, there are certain lessons not to be forgotten:

  • The Medicare Hospital Trust Fund is expected to go broke by 2026.
  • Recall how Democrats passed a 3.8-percentage-point tax surcharge on high earners’ investment income as part of ObamaCare supposedly to finance Medicare.
  • Barack Obama then proclaimed “we’re going to be able to help ensure Medicare’s solvency for an additional decade” and “reduce the deficit by a trillion dollars.”
  • The additional revenues have instead fed ObamaCare’s middle-class entitlement.

Read more here.

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • Rahm Emanuel on Pie-in-the-Sky Politics
  • Election 2020 Looking Like Election 1972 All Over Again?
  • A Quick Cheat Sheet on the Democrats’ Debate
  • Author
  • Recent Posts
Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
Latest posts by Debbie Young (see all)
  • What Just Happened? Fixing Its Historic Mistake - June 28, 2022
  • Saudi Oil Is Different from U.S. Oil? - June 27, 2022
  • Greetings From Paris & Le Bristol Hotel - June 24, 2022

Dick Young’s Must Reads

  • Victor Davis Hanson: How to Bust DC’s Stronghold
  • Hungarian Hardliner Viktor Orban Shows European Globalists the Way
  • Why Some Kids Won’t Go Back to School, Ever
  • Richard Feynman Solved the Space Shuttle Disaster Mystery
  • Americans Fleeing High Tax States for Growth Corridors
  • 751 “No-Go” Zones in France
  • A Cashless Society Is A Debacle for Americans
  • Concentrate on Dividend Record and Compounding
  • Biden Wants to Gut the Tax Benefit of 401K Plans
  • What a Way to Make a Living: New Hampshire #1

Our Most Popular Posts

  • FOOD SHORTAGE: Not "If," But "How Bad?"
  • One Surprising Thing You Should Know About Private Jets
  • Saudi Oil Is Different from U.S. Oil?
  • The Most Controversial Restaurant in Paris?
  • Good News for the 2nd Amendment
  • FLORIDA DODGED A BULLET: Elected Superb DeSantis Over Unstable Gillum
  • Your Survival Guy in Paris: Awakened from His Slumber, “Dad, I’m Going to London”
  • The Great Reset and the COVID Coup D'etat
  • BREAKING: Supreme Court DISMANTLES New York's Unconstitutional Gun Laws
  • Russia's "Unsubtle" Artillery Attacks Not Necessarily "Archaic"

Disclosure

RSS Youngresearch.com

  • Why Work When Taxes Take It All?
  • Regulators’ Bungled Attempts to Cut Emissions Drove Oil Prices Higher
  • Your Survival Guy in Paris: Awakened from His Slumber, “Dad, I’m Going to London”
  • What Happens to Your Passwords When You Die?
  • Your Survival Guy: Clearing the Decks, Buying a Boat, Seeing the World and More
  • Is the Great Job Boom Over?
  • Here’s Why You Need a 15-Year Retirement Investment Plan
  • Will ESG Do to Steel Prices What It Did to Gas Prices?
  • Kellogg Cuts Loose with Split Plan
  • Apple Shares Resilient in the Face of Recession

10th AMENDMENT: Dobbs Decision a Win for States’ Rights

What Just Happened? Fixing Its Historic Mistake

Why Work When Taxes Take It All?

Oil Demand Increasing Despite Growth in Renewables

Why Is the USDA Burying the Facts on Low-Carb Diets?

These Normal Household Products Could Disrupt Your Endocrine System

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives