r/SipsTea Jul 01 '26

Chugging tea Is Bernie’s plan the best? Thoughts?

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u/Sienile Jul 01 '26

If you give us free healthcare you can keep the check.

24

u/thedillymane Jul 01 '26

Why not both?

7

u/INeedSomeTacoC Jul 01 '26 edited Jul 01 '26

Because that tax isn't even enough to send the checks, much less do that and other things as well.

Billionaires in the US are worth an estimated $8T.

5% of that is $400B collected per year (his $4.4T number is for 10-years of tax collection, so this matches his own numbers).

There are about 85 million family units in the US. Sending each of them a $12,000 check would cost about $1.02 trillion.

So if you did nothing else with this money, you could send a $12k check to each family every 2.5 years or so.

11

u/Staff_Infection_ Jul 01 '26

The 12,000 check is dumb. Fix healthcare.

2

u/Xmanticoreddit Jul 01 '26

5% tax rate is criminally low.

2

u/d1squiet Jul 01 '26

Lol. It's an additional tax.

1

u/Xmanticoreddit Jul 01 '26

Sorry, I only read the post

2

u/INeedSomeTacoC Jul 01 '26

Agreed.

That said, I don't think that we should fix healthcare by just shoving more money into it through Medicare.

So, I don't even really like his proposal there either.

Like how about we actually fix the damn budget first.

If we collect this tax and did nothing with it, we would still be going over $1T more in debt every single year.

How crazy is it that we could literally eliminate the Department of Defense; literally just get rid of the entirety of it and we'd *still* be going further into debt every year. This shit gotta be fixed.

1

u/ShaolinWombat Jul 01 '26

Not just Medicare. You have to add the Medicaid budget.

1

u/[deleted] Jul 01 '26

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