11/26/19
By H. Randolph HolderElizabeth Warren’s “Medicare for All” will, according to her own estimates, cost $52 trillion. The entire federal budget for 2020 is projected at only $4.75 trillion and that is with a trillion dollar deficit. Bernie Sanders’ plan, at $32 trillion looks cheap by comparison. If you confiscated the entire wealth of the Forbes 400 you’d come up with less than $3 trillion, not enough to pay for one year of her plan. She would have to tax every single American’s, rich and poor alike, total wealth, estimated at $100 trillion, by 5% per year to come close to paying for it. Not to mention forcing 150 million folks to give up their private insurance for an unknown government program.
