Wow! That really hurts trillionaires like me. This is heading towards the "95% income tax on all income over 40,000 rupees" that were key to inspiring Dawood Ibrahim and Haji Mastan to become quintillionaires.The new proposal includes a tax of six cents on every dollar over $1 billion a person has in wealth, which is double what she previously proposed as part of her wealth tax and would generate another $1 trillion of revenue over ten years, according to the plan. Warren also proposed implementing a yearly capital gains tax, rather than a tax that would have to be paid only once at the time an heir offloads assets, which the campaign estimates would generate another $2 trillion over ten years.
Maybe I better close my Yoo Ess subsidiaries and vacation homes and move permanently to Mongolia.
Now all donkeys better come up with their version - or in TG's case, maybe straight support Warren's, except rule out military funding cuts (or her support base will evaporate!). In this respect, Bernie Sanders should get the Congressional Medal of Honor for bring this up. Biden will have to match it. And then elephants get under real pressure to match as well.
The downside is her fatwa to bijnej, to make the employer contribution straight to guvrmand. True, baboon are not paid as much as insurance co. execs but are they going to be even as efficient as the execs are? I can't see Yoo Ess guvrmand outsourcing the massive paperwork to "Hello My Name is Mary" in Guttapudi, TN.
My vote if I had one would be for whoever brings out a new version of Raygun Reagan's Paperwork Reduction Act, applied to medical care and insurance. Then maybe MAD can adopt that in India, which really needs it.
{THAT may work, except the govt plan will still tax the private ones}Biden’s plan, for example, relies heavily on building off of the Affordable Care Act, which was implemented under his and former President Barack Obama’s administration. His plan would cost $750 billion over 10 years and would be covered by reversing President Donald Trump’s tax cuts for the wealthy, increasing taxes on the wealthy, and getting rid of the capital gains tax loophole for wealthy families with incomes greater than $1 million a year. {The "selfie" equivalent done with a pistol instead of a camera. Or Russian Roulette with 5 bullets loaded instead of 1}
Buttigieg has said a single-payer health care system is “the right place for us to head as a country” but stops short of the vast restructuring called for by Sanders and Warren. Buttigieg emphasizes individual preference, allowing for both employer-sponsored and individual private insurance, and an optional government plan in which uninsured people would be automatically enrolled.