Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • Debbie Young
  • Jimmy Buffett
  • Key West
  • Your Survival Guy
  • How We Are Different
  • Paris
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • The Great Reset
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • Joel Salatin and Alfie Oakes
  • World Gold Mine Production
  • Fidelity and Vanguard Since 1971

Warren Not Truthful with Voters on Socialized Medicine

September 17, 2019 By Debbie Young

Congressional Oversight Panel Chair Elizabeth Warren speaks at the Women in Finance Symposium, March 29, 2010. Photo provided by the Treasury Department.

Not missing a beat during last week’s Democratic debate, Bernie Sanders and Elizabeth Warren continued their promises of government-run healthcare for all. Rivals Joe Biden and Amy Klobuchar had the tenacity to bring up some harsh reality checks, like how to pay for single-payer. The cost would be staggering, each argued.

Bernie at Least Candid

Even Bernie admits that middle-class taxes might rise to pay for truly universal health care. Warren was asked during the debate about Joe Biden’s attack on her support of a single-payer scheme. “He has actually praised Bernie Sanders for being candid about… the fact that middle-class taxes are going to go up and most of private insurance is going to be eliminated. Will you make that same admission,” asked moderator George Stephanopoulos. Warren flatly refused to admit the obvious truth.

Warren’s Artful Dodge on Middle Class Taxes

When asked how Warren would finance her proposal of scrapping Americans private insurance in favor of socialized medicine, the Senator skirted details of how she would pay for her scheme. Of course punishing the rich is one way to reduce costs, according to Warren.

Even Joe Biden took exception with this. If Warren’s wealth tax raised the nearly $3 trillion she assures voters would happen over a decade, that would still leave her close to $30 trillion short, James Freeman reports in the WSJ.

The math remains difficult even if she focuses on taxing incomes instead of wealth. Taking every last nickel of income earned by the top 1%—a 100% tax rate on the roughly $2 trillion they make—still wouldn’t cover the cost of her health care takeover.

Single-Payer Healthcare and the Taxes that Go with It

Voters can guess who else would be in for a tax hike.

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

  • VIDEO: Milton Friedman - Socialized Medicine
  • The “Triumph” of Socialized Medicine
  • The Disgrace that Is Elizabeth Warren
  • 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 five 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)
  • “Never Back Down” Fundraising Upbeat - October 3, 2023
  • Bidenomics Gutting Real Household Income - October 3, 2023
  • Congress Continues to Pummel Taxpayers and Future Taxpayers - October 2, 2023

Dick Young’s Must Reads

  • Can Ginger Combat Heart Disease and Improve Circulation?
  • Is Rutin Useful in Preventing Blood Clots?
  • Rich Grandchild, Poor Grandchild
  • Globalism Has Made America Dependent on Foreign Countries
  • Who’d be Nuts Enough to Have Put Money into SVB?
  • Ron Paul: “Freedom and Central Banking Are Not Compatible”
  • If You’re a Highly Effective Person, We Should Talk
  • “Then One Day the Grandfather was Gone”
  • The Case for Individual Stocks: Now More than Ever
  • To Me There Isn’t a Better Way to Live

Our Most Popular Posts

  • Bidenomics: Distrust of Public Officials and Institutions
  • Skyrocketing Costs of Building a Green Grid Are Starting
  • The Government Attack on Americans' Independence
  • "The Goal Is to Break Down the Individual"
  • “Doctor, What Are You Doing?” “Nothing,” He Said
  • Can Cinnamon Inhibit Early-Stage Prostate Cancer?
  • Fighting Russian Power with a Hill of Crosses
  • Investing Habits of the Fairly Wealthy: #10 Powerball
  • “Oh, This Is Prime Real Estate,” They Say
  • The Best Place to Cut Spending

Compensation was paid to utilize rankings. Click here to read full disclosure.

RSS Youngresearch.com

  • “Doctor, What Are You Doing?” “Nothing,” He Said
  • Has Tupperware Survived Its Brush with Death?
  • Biden’s “War” On Fossil Fuels Keeps Shale Drillers Idle as Oil Prices Rise
  • “Oh, This Is Prime Real Estate,” They Say
  • Investing Habits of the Fairly Wealthy: #10 Powerball
  • “Then One Day the Grandfather was Gone”
  • India Choose to Promote Coastal Trade. The US Should Too
  • “No Way I’m Spending That Much on Those”
  • The War Machine’s Manpower Problem
  • Profits Becoming Elusive in China

RSS Yoursurvivalguy.com

  • “Doctor, What Are You Doing?” “Nothing,” He Said
  • Bidenflation Making It Harder to Retire
  • Will Illinois Gun Owners Register Their Firearms?
  • “Oh, This Is Prime Real Estate,” They Say
  • Survive and Thrive September 2023: “I Want to Be a Farmer, a Garbageman, or Tom Brady”
  • Tucker and O’Reilly Discuss the Three People Everyone Needs
  • Investing Habits of the Fairly Wealthy: #10 Powerball
  • Your Survival Guy: “Life on Main Street Hasn’t Been This Hard in a While”
  • Your Retirement Life: Striped Bass Fishing off Block Island
  • “Then One Day the Grandfather was Gone”

US Treasury Yield Curve: My Favorite Investor Tool

Five Year Treasury Yield

“The Economy Is Buried Under Trillions in Debt”

“Never Back Down” Fundraising Upbeat

“Doctor, What Are You Doing?” “Nothing,” He Said

The Best Place to Cut Spending

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives