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Saint Luigi (i.imgur.com)
submitted 2 days ago* (last edited 1 day ago) by TherapyGary@lemmy.blahaj.zone to c/lemmyshitpost@lemmy.world

Cross-posted from: https://lemmy.dbzer0.com/post/34117495

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Original still created by @gedogfx (IG). Title source: "Inkl"

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[-] Dragon@lemmy.ml -4 points 2 days ago

It's only cheaper if you consider current healthcare costs. It would require tax increases, and under current progressive tax models, those would be disproportionately high for the upper class, for whom the increase would not offset the elimination of their healthcare premium.

[-] ChairmanMeow@programming.dev 14 points 2 days ago

No, the sum of all premiums paid by all Americans is way more than is required. You could make it a flat tax and it'd still be cheaper.

The tax increase is more than offset by the cost of premiums.

[-] Dragon@lemmy.ml -1 points 1 day ago

That may be the case, but do you have any evidence or reasoning? There are a certain number of people right now who don't have insurance or who have very bad insurance, and a universal insurance would have to have to make up what's missing for those people.

[-] ChairmanMeow@programming.dev 3 points 1 day ago

There's a variety of ways to implement it, but the vast majority save trillions in the long run. https://www.citizen.org/news/fact-check-medicare-for-all-would-save-the-u-s-trillions-public-option-would-leave-millions-uninsured-not-garner-savings/ has a couple sources listed, even a Koch-funded institute found it would save money.

The reasoning is simple: you cut out the middlemen who demand a portion of the premiums for themselves. Those costs are instantly removed, and there isn't really anything that starts costing more in return.

There's also collective governmental bargaining on procedures and medication which lowers prices.

[-] Dragon@lemmy.ml -1 points 1 day ago* (last edited 1 day ago)

I understand that it saves money overall. I don't understand how it could save money for individual high-income tax payers. At some earning level, your taxes will be raised by more than you would pay for insurance. Even under a flat tax, that has to be the case, right? You would need a regressive tax to actually make it beneficial to every single resident.

[-] ChairmanMeow@programming.dev 1 points 19 hours ago

Depends exactly on what is taxed. Regardless, the tax increase would be so low that moving is almost certainly not paying for itself. The government could also just increase taxes by a flat amount rather than a flat rate.

Point is, there's plenty of options that give zero reason to assume capital flight will happen.

[-] Dragon@lemmy.ml 1 points 17 hours ago* (last edited 16 hours ago)

a flat amount rather than a flat rate

So a regressive tax

[-] ChairmanMeow@programming.dev 1 points 15 hours ago
[-] Dragon@lemmy.ml 1 points 15 hours ago

I would prefer a progressive tax which would be easier to do on the national level.

[-] orrk@lemmy.world 2 points 1 day ago

ok, why should I care about the well off not getting to be quite the leaches they are now?

[-] Dragon@lemmy.ml 1 points 1 day ago* (last edited 1 day ago)

Under current economic conditions, economic wealth is necessary for the functioning of the economy. Some (including me) would advocate for a redistribution/government seizure of capital, but I don't know of any economist who doesn't see it as a problem if the wealth is lost altogether. If taxes are imposed on a national level, it is less likely that the wealthy will flee to other countries than it is if they are imposed on a state level. Unless the government seizes all capital, or bans capital flight, there will always be a risk of losing that wealth to emigration.

[-] orrk@lemmy.world 1 points 18 hours ago

Under current economic conditions, economic wealth is necessary for the functioning of the economy

is it required? to an extent, yes. but do we need 60% of everything to be owned by 10% of the population?

As for the Capital flight, that is a myth, even the implementation of straight wealth taxes don't see great multimillionaire migrations, because taxation isn't a very strong factor, in fact a golf course or tow is a stronger pull, example Scotland vs Ireland when the UK was still part of the EU saw more ultra wealthy live in Scotland, a region with a higher tax rate, than Ireland, primarily for golf courses.

[-] Dragon@lemmy.ml 1 points 16 hours ago* (last edited 16 hours ago)

As for the Capital flight, that is a myth

I'm not sure it's even negligible between countries, but I am specifically talking about capital flight between US states, where there is a very low barrier to exit. Do you have any reason to believe that isn't a phenomenon?

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this post was submitted on 25 Dec 2024
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