Stephanie Kelton provides a really good answer to the question of How Can We Afford Medicare for All?
She points out that the US currently pays TWICE what others industrialized countries pay.
At first glance, it seems weird to ask how we’ll pay for something that costs significantly less than what we’re currently paying.
The question is not really about how we PAY for it, but about the tax implications of paying for it.
Would you believe it may be necessary to LOWER taxes as part of rolling out Medicate for All?
We might in fact need tax cuts to pay for single payerStephanie Kelton
To find out why, listen to the “video” below.