Bernie Sanders says that taxpayers won’t mind $3.26 trillion a year in new taxes just for Medicare for All. That number doesn’t include the $9 trillion for climate change or the cost of free tuition for all.
But, that’s no problem according to Bernie. He says you’ll love it. If you tax the rich at 100%, the rest of the tax payers would have to pay triple what they do now and it still won’t be enough to pay for Medicare for All. How happy would you be to pay three times the taxes you are now?
I’m guessing not much.
Democratic presidential hopeful Bernie Sanders acknowledged a tax increase from his policies and said Americans would be “delighted” to pay extra, in a CNN interview with Anderson Cooper Wednesday.
“I suspect that a lot of people in this country would be delighted to pay more in taxes if they had comprehensive health care as a human right,” Sanders said. The Vermont senator also went on to tell Cooper that he bases his principles on his 50-mile proximity to the Canadian border, where universal health care is law.
What Sanders did not include in his statement was the cost of his programs. The Mercatus Center at George Mason University released a study in 2018 saying Americans can estimate to foot a $32.6 trillion bill over a 10-year period for “Medicare for All,” Fox News reported. Sanders has also omitted cost information on his campaign website.
The 10-year cost breaks down to $3.26 trillion per year, according to the report. The current U.S. federal budget stands around $4.7 trillion.
Sanders also told Cooper Wednesday that housing, retirement, education and a clean environment are among his staples of “human rights.” President Donald Trump was a subject of discussion in the interview too.