Tag Archives: Socialism

$32.6 TRILLION for Socialized Healthcare

Speaking of the cost of socialism

The “Medicare for All” plan pushed by Sen. Bernie Sanders and endorsed by a host of Democratic congressional and presidential hopefuls would increase government health care spending by $32.6 trillion over 10 years, according to a new study.

The Vermont senator has avoided conducting his own cost analysis, and those supporting the plan have at times struggled to explain how they could pay for it.

The study, released Monday by the Mercatus Center at George Mason University, showed the plan would require historic tax increases.

The hikes would allow the government to replace what employers and consumers currently pay for health care — delivering significant savings on administration and drug costs, but increased demand for care that would drive up spending, according to the report.

The numbers make sense. The total U.S. GDP is just shy of $20 trillion per year and healthcare is about 18% of that. If the taxpayers are going to shoulder the entire cost for healthcare, it would run at least $3.5 trillion per year in today’s dollars. Run the number out 10 years with inflation and increased demand and there you have it…

Venezuelan Dictator Consolidates Power with Another Sham Vote

Socialism in action.

Caracas, Venezuela (CNN)After weeks of street clashes and tension, Venezuelans started casting ballots Sunday in a poll that could mark a stark turning point for the country.

The vote would allow President Nicolás Maduro to replace the current legislative body, the National Assembly, with an entirely new institution known as the Constituent Assembly.
Experts say the outcome is a foregone conclusion: Maduro will be able to consolidate political power.
Polls opened at 6 a.m. ET Sunday, with nearly 380,000 troops guarding voting stations, and close at 6 p.m., according to a government release.
Maduro’s administration has deemed any protests illegal, threatening anyone who defies the no-protest order with up to 10 years in prison.