Buffet: Tax the mega-rich

[javaguru]

And the people that make over 100k only pays Social Security for that 100k, and any income above that isnt taxed the 6% for SS. But then they turnaround and enjoy the payout, not to mention they live way longer than the average poor-middle class because they have the funds for top noch healthcare.
Social Security was a near perfect program that was self sustaining until in the 80's when the Social Security program became a full part of the budget and was not a Trust Fund (this was started prior to the 80's). But once this happened the "borrowing" began. As of now over 2.2 TRILLION has be "borrowed" from Social Security and not one Red Cent has been paid back. The GOP is pushing to end Social Security so they are free and clear from this Debt.

This Medicare going broke is not new talk. It's been rhetoric since the 70's . Yes it truly is NOW, but only after some stupid changes by guess who???
In any case some of the changes were: Medicare part C and D. These are the true Ponzy scheme you speak of. They Take $ from Medicare and give it to...PRIVATELY OWNED insurance companies for them to pay out claims. But what was happening is big insurance companies were setting up smaller ones in poor, middle class, and elderly neighborhoods. They provide the lowest possible care to maintain the highest profits. And once the company was less profitable the company packed up and moved to a new area or just closed down.....Keeping any Medicare funds paid to them by the Governmet. legally. Also the revenue issue must be taken into account.

In any case: Your for cutting Medicare. The saving grace for the elderly living on fixed budgets.
So you go ahead and tell your Grandma, Mom , Dad , Aunts and Uncles : "Well, your at your 100k limit for healthcare time to go ahead and die". Sounds like a plan to make America Great again...... Those dam elderly holding us down. Man up and when you see an old person in a store and tell them how much of a leach they are and all the wars faught, economic and infrastrucure building they did for you was great but times up. ......... Now who's the drag on the economy?

The old "kill grandma argument." No, I'm just asking that people pay taxes for the benefits they expect. If someone wants to spend their life buying a new car every three years, buying designer clothing, and watching premium cable while contributing nothing to their retirement then they shouldn't expect other people to pay for their mis-allocation of resources. I think progressives need to argue their welfare programs on their merits as opposed claiming someone that made 40k+(greater than the national average) a year for most of their working life needs a welfare check in the form of of social security and a government pension. It's true that social security does benefit the poorest Americans and the income tax was initially adopted to only tax those evil top earners...guess what..you can't vote yourself benefits without paying for them and you can confiscate the wealth of EVERYONE making more than 250k a year and it doesn't change the fiscal arc...AS Margaret Thatcher said, "The problem with socialism is that you eventually run out of other people's money."

 

[mrplunkey]

And the people that make over 100k only pays Social Security for that 100k, and any income above that isnt taxed the 6% for SS. But then they turnaround and enjoy the payout, not to mention they live way longer than the average poor-middle class because they have the funds for top noch healthcare.
Social Security was a near perfect program that was self sustaining until in the 80's when the Social Security program became a full part of the budget and was not a Trust Fund (this was started prior to the 80's). But once this happened the "borrowing" began. As of now over 2.2 TRILLION has be "borrowed" from Social Security and not one Red Cent has been paid back. The GOP is pushing to end Social Security so they are free and clear from this Debt.

This Medicare going broke is not new talk. It's been rhetoric since the 70's . Yes it truly is NOW, but only after some stupid changes by guess who???
In any case some of the changes were: Medicare part C and D. These are the true Ponzy scheme you speak of. They Take $ from Medicare and give it to...PRIVATELY OWNED insurance companies for them to pay out claims. But what was happening is big insurance companies were setting up smaller ones in poor, middle class, and elderly neighborhoods. They provide the lowest possible care to maintain the highest profits. And once the company was less profitable the company packed up and moved to a new area or just closed down.....Keeping any Medicare funds paid to them by the Governmet. legally. Also the revenue issue must be taken into account.

In any case: Your for cutting Medicare. The saving grace for the elderly living on fixed budgets.
So you go ahead and tell your Grandma, Mom , Dad , Aunts and Uncles : "Well, your at your 100k limit for healthcare time to go ahead and die". Sounds like a plan to make America Great again...... Those dam elderly holding us down. Man up and when you see an old person in a store and tell them how much of a leach they are and all the wars faught, economic and infrastrucure building they did for you was great but times up. ......... Now who's the drag on the economy?

What percentage of medicare claims do you think the government has administered through private insurance companies?

 

[PICK3]

what percentage of medicare claims do you think the government has administered through private insurance companies?

43%

 

[Mr. dB]

Not poor people, the average "middle class worker" pays 100k into medicare and extracts 300k in benefits...The only people that cover their medicare expenses are those making more than 250k a year.

I'm cool with the middle class extracting their 100k they paid into the government even though overhead devours a substantial portion of what they paid...

Medicare and Social Security are ponzi schemes...Just sayin'.

What percentage of that 300K is during the final six months of life?

 

[mrplunkey]

What percentage of that 300K is during the final six months of life?

A huge portion of it.

Which is why when you get old, they'll need to send you straight to hospice instead of some futile effort to extend your life a mere 3, 6, 12 or 24 months.

Medicare pays out $3 for each $1 it takes in. We've got to either dramatically cut the services (read: 66% cost reduction) or dramatically raise the price (read: unfairly tax the working for the older people participating in a ponzi scheme).

 

[digimon7068]

Jesus fuckin Christ...I must have been abused as a child because my vacation was not going to school and working on the farm instead.

same here...we picked strawberries and melons in the early summer, then detassled hybrid corn the rest of the summer.

 

[Mr. dB]

Medicare pays out $3 for each $1 it takes in. We've got to either dramatically cut the services (read: 66% cost reduction) or dramatically raise the price (read: unfairly tax the working for the older people participating in a ponzi scheme).

Or cut the prices paid out...

 

[javaguru]

Or cut the prices paid out...

So you don't want to kill grandma by denying care but cutting payouts will create the same result.

Just sayin'.

 

[mrplunkey]

Or cut the prices paid out...

Family physicians make between 78k and 200k per year.

Do you think for a second you'll get someone to endure medical school, internship and residence for much less money than that?

 

[javaguru]

What percentage of that 300K is during the final six months of life?

A lot of it...so you want to kill grandma?