I always find it fascinating when folks base their opinions on fantasies. A writer demanded that the rich pay their fair share (“Real Americans agree to pay their fair share,” Aug. 30). Those folks also want the rich to pay for all their wildest desires, from Medicare for all, free college tuition, the Green New Deal — you name it, and the rich will pay.
There is just a small minor detail about the rich and who actually pays taxes. According to an Oct. 14, 2018, article in Bloomberg News, the top 1 percent of taxpayers paid 37.3 percent of all federal income taxes in 2016. The top 3 percent paid the majority of federal income taxes (51 percent). The top 50 percent paid 97 percent, while the lower 50 percent paid just 3 percent of all federal income taxes.
Think about that for just a little bit. Half of all American taxpayers pay almost nothing, yet these are the folks who receive virtually all the government benefits. Just who is getting screwed here.
The current generation, you know, the kids still living in their parents’ cellar — many of whom borrowed hundreds of billions of dollars to earn worthless college degrees — and are so excited about getting all this free stuff have absolutely no clue how our economy works. They want the government to confiscate all that wealth and give it to them. Unfortunately, those rich folks just happen to provide most of the jobs in this country, the top 3 percent all the rest. Don’t worry: Bernie, Elizabeth and all those other whackos will provide.
Just think about Medicare for All and what it really means: More government control of the medical system. Medicare and Medicaid dictate what they will pay to hospitals, doctors and other providers. These reimbursements are always way below the cost of providing these services.
So the hospitals and doctors simply raise the costs of these services and pass these costs on to the private insurers. This is the primary reason your insurance premiums are so high.
Now imagine if there was no private insurance. Everything was controlled by a bunch of bureaucrats in D.C., who would once again cut rates to everyone. How many hospitals would close, doctors quit, nurses walk away? But it will be free, free, free.
Just how many totally stupid people and their supporters are now running to be president in the Democratic Party. What if they win? Have a great day.
Bart S. Bonner