The three-ring Democratic presidential circus is about to end. Sanders is too frail to be the next president, so he’s out. Biden has not been able to explain away collusion with his son and the Ukraine government, either because he’s lying or can’t remember what happened. That leaves Dems with Elizabeth Warren, the screaming, radical, progressive darling of liberal America. By the way she just got caught in another lie, something about being fired when she was a teacher because she was pregnant. Will the drama queen drive us bonkers from the White House?
I’m not saying you’d be out of your mind to vote for Warren, but really you would be if the traditions, history and the strength of America are important to you. I suggest all those enamored with this candidate take the time to consider carefully her outrageous and inane proposals.
Warren wants a one-payer health care system and the end of private insurance. That means that every American will pay nothing for insurance or for seeing a doctor or checking into a hospital (this does not take into account increased taxation to pay for it all). It’s a ridiculously expensive proposal even if those with private health insurance could keep theirs. But what will it cost to pay for 350 million people to have unlimited medical care? If every American needs an average of $10,000 of health services each year, it would cost 350 million times $10,000 or $3.5 trillion annually.
The situation becomes even direr if you consider that there would be no limit on the value of services any individual might incur. And, how about the ability of doctors and hospitals to handle this unbridled demand for care? They would be overrun on a daily basis. Conclusion: This type of health care would bankrupt the country, so it’s a dumb idea.
Warren also wants to forgive $2 trillion or so of student debt. Even as president, would she even have the authority to do this? And who’s going to pay for it? I’ll bet you know where Warren’s looking. It’s the wealthy, stupid.
Why should individuals who ran up their debt by taking courses that don’t help them find high paying jobs (that would have helped these individuals pay back their loans), have their debt assumed by others (US tax payers)? If you examine this closely you will discover that middle class individuals, not needy people will be the biggest beneficiaries of this entitlement.
What responsibility do colleges with billion dollar endowments have in this affair? They are the ones jacking up tuitions. Apparently none as far as Warren is concerned. Conclusion: Stupid proposal, although needy students should be given relief.
The issue is one of fairness. High earners should pay high taxes, but there’s a point where excessive taxation is bad for the country. Consumption will decrease as well as overall purchases and consumer confidence. The government will essentially be establishing a maximum level of income for all Americans, a level that discourages exceptionalism and the capitalistic spirit.
But even more disconcerting is that the justification of higher taxes for successful people is “that they don’t pay their fair share.” Hasn’t the government established “fair taxation?” Of course it has, it’s the current tax tables. When you consider the outsized percentage of taxes paid by the 1% versus the rest of the country, this tired philosophy of political progressives is misleading and detrimental to our financial well-being.
Furthermore the proposal to reach back and tax Americans for wealth that they accumulated over the years is the height of financial insanity. Money earned through hard work, entrepreneurship and creativity should be protected not attacked. The death tax is already eating into the money earned in years past.
Elizabeth Warren is a menace trying to spread her populist and socialistic dogma on our eternal capitalistic society. As most of the world aspires to become more like the US, Warren wants to take us backwards. She wants everybody to earn the same income, not because she’s a true socialist, but because she thinks she can dupe Americans into believing in a new system that has been disastrous for those who practiced it historically, while stealing the presidency. She refuses to accept that America is the greatest country in the world in large part because of our capitalistic instincts.
Finally, I have not torpedoed several other Warren tax boondoggles. They are equally destructive as the ones mentioned earlier and should be disregarded and denigrated by all Americans.