The effective tax rate in America is already 35%, how much more do you want people to pay for others to enjoy freebies? I am against Universal healthcare, but that doesnt mean the healthcare industry doesn’t need a course correction - the monopoly of big pharma & the consequent prices of drugs for one.
Already the US debt is through the roof, recession is around the corner & people want to add more to the debt by piling on Universal Healthcare? Gimme a break.
Effective tax rate of 35%? Incorrect. 2018 top tax rate was 37%. Effective tax rates were much lower for the top 10% (and especially the top 1%) due to very favorable long capital gains and dividend tax rates. These taxes were lowered even more under Trump's tax plan. Let's take Warren Buffet as an example, his total income in 2016 was $11.6 million, and he paid $1.85 million in taxes. His effective tax rate was 16%, and I am pretty sure his effective tax rate was even lower in 2018. He is on record saying, his effective tax rate is lower than the effective tax rate of his secretary. Fun fact Buffets' net worth went up by almost $12 billion in 2016, on which he paid no taxes as these were unrealized gains.
The top corporate tax rate was 35% in the Obama era, most corporations paid effective tax rates of approx. 21%. Trump lowered the top rate to 21% and the effective rate has probably gone down to low teens. Many corporations like Amazon paid $0 in taxes.
Let's talk about freebies, Carrier announced plans to move jobs to Mexico and layoff 1400 Indiana employees in (late) 2016. Trump announced he saved 1100 jobs and Carrier got $7 million in tax breaks. Fast forward to July 2017, Carrier laid off 338 manufacturing workers and laid off 215 more in January 2018. They got a freebie of $7 million and still moved jobs out of Indiana. You have problem with universal health care in the US, but no problems with socialism that corporates enjoy in the United States.
The same old republican talking point, debt is through the roof that's why we can't afford single payer healthcare system in America. However, they forget debt is through the roof when setting military budgets or when sending more and more troops to the Middle East.
Give me $6 trillion spent on meaningless wars in Iraq, Afghanistan, Pakistan, Syria, and Lybia and the lives of almost 500,000 innocents in affected countries, and progressives will stop talking about "freebies" that can help everyday Americans.