and im fine with that for truly collective things.
personal income is not under that rubric. trade policy is.
Well, I don't think you can necessarily separate the two. People's income is directly related to trade policies. You can't really talk about one without the other. Pooling together everyone's income in order to have access to healthcare that is free at the point of service saves everyone money, including businesses.
The average business pays an average of $15K per year per employee to sponsor coverage, with the employee paying an average of $5K.
Any tax increase for M4A is more than offset by the need to no longer pay deductibles, premiums, copays, coinsurance, drug costs, hospitals, ambulance rides, etc.
Under Bernie's plan, one of the funding proposals is a 4% flat tax on income. The average income in this country is around $57K. So...4% of $57K = $2,280.
Now, we know that the average worker spends $5K on their health care.
So is $5,000 > or < $2,280?
And it's not just individuals who save...businesses do too. Remember when I said the business pays an average of $15K/employee? Well, for a business of 50 employees, that's $750,000. Under Bernie's plan, one of the funding mechanisms is that businesses would instead pay 7.5% of their
income -not revenues, but income- instead. Now, the average income for a business of 50 employees is about $100K. So, 7.5% of $100K is just $7,500. Is $7,500 > or < $750,000?
So since the business now saves $742,500 a year, it can use that money to give every one of its 50 employees a $14,000 raise, if it chooses.