NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 3, 2008
- Messages
- 35,712
The fact is that the public debt is increasing, and it will have to be paid someday, somehow.
Wealth tax may not work, but is there an equivalent way? For example, benefits such as SS and Medicare can be means tested, which are now already there in the form of taxes or higher premiums. The effect is that the middle to upper middle class retirees will get taxed more, while the upper class who do not really need these benefits are not affected. Well, the upper class will get taxed more too via direct income tax but, as France is finding out, there are just not enough of them, and France is reaching down to people of less means than the multimillionaires.
See: Down and out: the French flee a nation in despair.
This is another reason I am not too thrilled about the current healthcare subsidy. Unless we know to control costs, just looking for someone else to foot the bills simply delays the inevitable issue: there's no more money where that came from.
Wealth tax may not work, but is there an equivalent way? For example, benefits such as SS and Medicare can be means tested, which are now already there in the form of taxes or higher premiums. The effect is that the middle to upper middle class retirees will get taxed more, while the upper class who do not really need these benefits are not affected. Well, the upper class will get taxed more too via direct income tax but, as France is finding out, there are just not enough of them, and France is reaching down to people of less means than the multimillionaires.
See: Down and out: the French flee a nation in despair.
This is another reason I am not too thrilled about the current healthcare subsidy. Unless we know to control costs, just looking for someone else to foot the bills simply delays the inevitable issue: there's no more money where that came from.
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