Biden says he'll raise all the money needed by taxing anyone making over $400,000 a year.

[Papageorgio]

Healthcare plan: $750 billion
Biden wants to expand Obamacare significantly by increasing its subsidies and creating a government-run plan that would erode private insurance over time.

So here is what will happen if Biden as part of his $6 Trillion expenditures is to "erode private insurance"...
There are 907 private health insurance companies that cover 49% of all Americans.
These companies employ over 500,000 people that average $40,000 a year in salaries.
These companies pay over $100 BILLION a year in Federal/state and local taxes to communities where they have offices.
COSTS for eliminating 907 private insurance companies:
500,000 people and employers pay on average 12.4% of salaries in payroll taxes or: $2.48 Billion a year in LOST Federal payroll taxes.
500,000 people on unemployment for 26 weeks at $400/week or $5.2 billion PAID OUT to these people... was that cost figured?
Now these 907 companies pay $100 billion a year in federal/state/local/property taxes... GONE.

So if the above over $100 billion in tax revenue is eliminated and $5.2 billion going out for unemployment... where will the $6 Trillion Biden will spend come from?

Countries with government funded health care spend half what the US spends and they have better outcomes, and a healthier population.

More than 30% of ever dollar Americans spend on healthcare goes to “administration and billing”. In single payer countries that figure is closer to 5%. Just the savings in premiums payable to private insurance being reduced to eliminate the profit factor would save Americans so much aggravation and money.

you just admitted the government involvement is our problem,,,

admin and billing costs are due to gov regs,,,

So, why do Government single payers systems cost less?

Because putting people on waiting lists is cheaper than doing procedures.

You have to show worse outcomes.

There are worse outcomes, care to try again.

 

[danielpalos]

Healthcare plan: $750 billion
Biden wants to expand Obamacare significantly by increasing its subsidies and creating a government-run plan that would erode private insurance over time.

So here is what will happen if Biden as part of his $6 Trillion expenditures is to "erode private insurance"...
There are 907 private health insurance companies that cover 49% of all Americans.
These companies employ over 500,000 people that average $40,000 a year in salaries.
These companies pay over $100 BILLION a year in Federal/state and local taxes to communities where they have offices.
COSTS for eliminating 907 private insurance companies:
500,000 people and employers pay on average 12.4% of salaries in payroll taxes or: $2.48 Billion a year in LOST Federal payroll taxes.
500,000 people on unemployment for 26 weeks at $400/week or $5.2 billion PAID OUT to these people... was that cost figured?
Now these 907 companies pay $100 billion a year in federal/state/local/property taxes... GONE.

So if the above over $100 billion in tax revenue is eliminated and $5.2 billion going out for unemployment... where will the $6 Trillion Biden will spend come from?

Countries with government funded health care spend half what the US spends and they have better outcomes, and a healthier population.

More than 30% of ever dollar Americans spend on healthcare goes to “administration and billing”. In single payer countries that figure is closer to 5%. Just the savings in premiums payable to private insurance being reduced to eliminate the profit factor would save Americans so much aggravation and money.

you just admitted the government involvement is our problem,,,

admin and billing costs are due to gov regs,,,

So, why do Government single payers systems cost less?

Because putting people on waiting lists is cheaper than doing procedures.

You have to show worse outcomes.

There are worse outcomes, care to try again.

Link?

 

[Indeependent]

..they already pay MORE than their share
MORE taxes is going to kill the US

Class Warfare: 'The 'rich' who have more than you need to have their money taken and given to you.....everyone should make / have the same....the incentive for no one to work....socialism.


"...we have free shit."


.

Raise the minimum wage until the Poor pay their fair capital share!

....that's STUPID---how about we pay ditch diggers the same as the BLACK NBA players?

Projecting much, right winger. Nobody takes the right wing seriously about economics.

Funny how ya always the left wing economies that fail.

The US economy has failed 4 times, under 4 different Republican Presidents, and every single time, right wing economic policies have been the root cause.

The period of greatest economic growth and prosperity for all Americans was under the Republican New Deal, which Reagan destroyed when he rewrote the tax codes and attacked American workers.

Since then movement to create an American oligarchy has been most effective, with each succeeding economic crash consolidating more wealth and power at the top with less and less for American workers.

Other first world countries got over Covid19, without infecting 10 % of the population and utterly destroying our economies, bankrupting our workers. The US has not.

You truly are delusional. Reagan's policies resulted in massive economic growth.

There is sometimes a difference between GDP and what Globalism did to Blue Collar workers over a 30 year period.
Trump ran MAGA whereas Reagan’s policies encouraged Make Wall Street Great Forever.
Not to mention Reagan’s love for Business Visas.

 

[Oldestyle]

I know you're not well versed in economic theory, Daniel but on some levels this is pretty easy stuff! Raising the minimum wage has to result in raises across the labor market. People that have skills WILL demand that they be paid for those skills! You know that's true. So if everyone gets a raise then what have you really accomplished for those making minimum wage? You've put more money in their pockets...but that money will be worth less! So what have you REALLY done for them?

So what; I know you are even more clueless and Causeless. Why should anyone care, if wages outpace inflation on an Institutional basis? That is the simplest I can make it for you, right wingers.

Since wages CAUSE inflation it's highly doubtful that they ever CAN outpace inflation! What part of that concept can't you grasp?

Wages are not the Only cost of inflation and cannot be so with minimum wage labor.

I didn't say they were the ONLY cause of inflation! I simply pointed out that large wage increases typically cause inflation. You STILL haven't answered my question! Why the difficulty, Daniel?

So what. Inflation happens Regardless. Wages merely need to outpace inflation on an Institutional basis.

Inflation doesn't just "happen", Daniel! It's caused by things! You don't seem to have a CLUE what those things are! What's worse...you seem to be too lazy to educate yourself so you DO have a clue!

Those Things happen and result in inflation, Regardless.

Wouldn't you feel better about yourself if you actually knew some basic Economic theory, Daniel? It would only take a few hours and then you wouldn't be making a fool of yourself in internet chat rooms saying things like "things happen"! A mind is a terrible thing to waste...just saying...

lol. You, just saying, only show you have no valid arguments. Why not try some, if you can.

I've actually made valid arguments, Daniel! You've given us such gems as "things happen"! I'm still waiting for you to explain why doubling the minimum wage wouldn't result in all other wages also increasing!

So what if they do increase. Labor needs to make more regardless. And, higher paid labor pays more in Taxes and creates more in Demand. Wages merely need to outpace inflation. Surely, that cannot be too difficult to grasp.

Here is some anecdotal evidence that is easy (for the right wing) to grasp:

The company received media attention in 2015 when CEO Dan Price announced that all employees would receive a minimum salary of $70,000.--Gravity Payments - Wikipedia

All employees making that amount Must mean higher paid labor Creates more in Demand and generates more in Taxes.

Oh, Daniel...if I have to keep educating you like this I think you should start paying tuition!
One of the things that also causes inflation is people having more disposable income. That increases inflation as well. It's a common sense thing...you just need to start using yours!

And I'm STILL waiting to hear you explain how you're going to raise the minimum wage and not have all wages go up as well! Think you'll provide that answer at some point?

 

[Oldestyle]

Raise the minimum wage until the Poor pay their fair capital share of the tax burden!

There should be no upper limit to markets.

I thought you wanted people to get paid for not working?

Raising the minimum wage will have some effect on the labor market until the positive multiplier has any effect. Unemployment compensation that bears true witness to our at-will employment laws ensures there is no simple poverty and that capital circulates under our form of Capitalism.

You're so amusing when you try to sound like you know what you're talking about when it comes to economics, Daniel!

 

[Oldestyle]

I know you're not well versed in economic theory, Daniel but on some levels this is pretty easy stuff! Raising the minimum wage has to result in raises across the labor market. People that have skills WILL demand that they be paid for those skills! You know that's true. So if everyone gets a raise then what have you really accomplished for those making minimum wage? You've put more money in their pockets...but that money will be worth less! So what have you REALLY done for them?

So what; I know you are even more clueless and Causeless. Why should anyone care, if wages outpace inflation on an Institutional basis? That is the simplest I can make it for you, right wingers.

Since wages CAUSE inflation it's highly doubtful that they ever CAN outpace inflation! What part of that concept can't you grasp?

Wages are not the Only cost of inflation and cannot be so with minimum wage labor.

I didn't say they were the ONLY cause of inflation! I simply pointed out that large wage increases typically cause inflation. You STILL haven't answered my question! Why the difficulty, Daniel?

So what. Inflation happens Regardless. Wages merely need to outpace inflation on an Institutional basis.

Inflation doesn't just "happen", Daniel! It's caused by things! You don't seem to have a CLUE what those things are! What's worse...you seem to be too lazy to educate yourself so you DO have a clue!

Those Things happen and result in inflation, Regardless.

Wouldn't you feel better about yourself if you actually knew some basic Economic theory, Daniel? It would only take a few hours and then you wouldn't be making a fool of yourself in internet chat rooms saying things like "things happen"! A mind is a terrible thing to waste...just saying...

lol. You, just saying, only show you have no valid arguments. Why not try some, if you can.

I've actually made valid arguments, Daniel! You've given us such gems as "things happen"! I'm still waiting for you to explain why doubling the minimum wage wouldn't result in all other wages also increasing!

So what if they do increase. Labor needs to make more regardless. And, higher paid labor pays more in Taxes and creates more in Demand. Wages merely need to outpace inflation. Surely, that cannot be too difficult to grasp.

Here is some anecdotal evidence that is easy (for the right wing) to grasp:

The company received media attention in 2015 when CEO Dan Price announced that all employees would receive a minimum salary of $70,000.--Gravity Payments - Wikipedia

All employees making that amount Must mean higher paid labor Creates more in Demand and generates more in Taxes.

Higher paid labor creates more demand if they have more disposable income. You've already stated that your plan was to give them more money and then take it away from them by making them pay taxes! So if you take away part of the income that you gave them through taxes and then inflation raises the cost of goods and services...what have you accomplished?

 

[jc456]

Now Repubs are concerned about government spending? Under Trump the debt has increased how much in three years?

5.23 trillion..That was July's figure.

It was more under Obammy

Does that make the debt better or worse?

spending helps nothing. stop spending does. I'm all about stopping the spending. you?

 

[Nostra]

Raise the minimum wage until the Poor pay their fair capital share of the tax burden!

There should be no upper limit to markets.

I thought you wanted people to get paid for not working?

Raising the minimum wage will have some effect on the labor market until the positive multiplier has any effect. Unemployment compensation that bears true witness to our at-will employment laws ensures there is no simple poverty and that capital circulates under our form of Capitalism.

Danny Boy loves to copy and past from Chapter 1 of his Eco 101 book at the Community College of Short Bus Riders.

 

[jc456]

I know you're not well versed in economic theory, Daniel but on some levels this is pretty easy stuff! Raising the minimum wage has to result in raises across the labor market. People that have skills WILL demand that they be paid for those skills! You know that's true. So if everyone gets a raise then what have you really accomplished for those making minimum wage? You've put more money in their pockets...but that money will be worth less! So what have you REALLY done for them?

So what; I know you are even more clueless and Causeless. Why should anyone care, if wages outpace inflation on an Institutional basis? That is the simplest I can make it for you, right wingers.

Since wages CAUSE inflation it's highly doubtful that they ever CAN outpace inflation! What part of that concept can't you grasp?

Wages are not the Only cost of inflation and cannot be so with minimum wage labor.

I didn't say they were the ONLY cause of inflation! I simply pointed out that large wage increases typically cause inflation. You STILL haven't answered my question! Why the difficulty, Daniel?

So what. Inflation happens Regardless. Wages merely need to outpace inflation on an Institutional basis.

Inflation doesn't just "happen", Daniel! It's caused by things! You don't seem to have a CLUE what those things are! What's worse...you seem to be too lazy to educate yourself so you DO have a clue!

Those Things happen and result in inflation, Regardless.

Wouldn't you feel better about yourself if you actually knew some basic Economic theory, Daniel? It would only take a few hours and then you wouldn't be making a fool of yourself in internet chat rooms saying things like "things happen"! A mind is a terrible thing to waste...just saying...

lol. You, just saying, only show you have no valid arguments. Why not try some, if you can.

I've actually made valid arguments, Daniel! You've given us such gems as "things happen"! I'm still waiting for you to explain why doubling the minimum wage wouldn't result in all other wages also increasing!

So what if they do increase. Labor needs to make more regardless. And, higher paid labor pays more in Taxes and creates more in Demand. Wages merely need to outpace inflation. Surely, that cannot be too difficult to grasp.

Here is some anecdotal evidence that is easy (for the right wing) to grasp:

The company received media attention in 2015 when CEO Dan Price announced that all employees would receive a minimum salary of $70,000.--Gravity Payments - Wikipedia

All employees making that amount Must mean higher paid labor Creates more in Demand and generates more in Taxes.

Higher paid labor creates more demand if they have more disposable income. You've already stated that your plan was to give them more money and then take it away from them by making them pay taxes! So if you take away part of the income that you gave them through taxes and then inflation raises the cost of goods and services...what have you accomplished?

no, he doesn't understand supply and demand or total economics 101. Corporations pay employees wages and pay taxes. raising wages or taxes, either will cause a more expensive product. PERIOD!!!!!!!!

 

[Oldestyle]

I know you're not well versed in economic theory, Daniel but on some levels this is pretty easy stuff! Raising the minimum wage has to result in raises across the labor market. People that have skills WILL demand that they be paid for those skills! You know that's true. So if everyone gets a raise then what have you really accomplished for those making minimum wage? You've put more money in their pockets...but that money will be worth less! So what have you REALLY done for them?

So what; I know you are even more clueless and Causeless. Why should anyone care, if wages outpace inflation on an Institutional basis? That is the simplest I can make it for you, right wingers.

Since wages CAUSE inflation it's highly doubtful that they ever CAN outpace inflation! What part of that concept can't you grasp?

Wages are not the Only cost of inflation and cannot be so with minimum wage labor.

I didn't say they were the ONLY cause of inflation! I simply pointed out that large wage increases typically cause inflation. You STILL haven't answered my question! Why the difficulty, Daniel?

So what. Inflation happens Regardless. Wages merely need to outpace inflation on an Institutional basis.

Inflation doesn't just "happen", Daniel! It's caused by things! You don't seem to have a CLUE what those things are! What's worse...you seem to be too lazy to educate yourself so you DO have a clue!

Those Things happen and result in inflation, Regardless.

Wouldn't you feel better about yourself if you actually knew some basic Economic theory, Daniel? It would only take a few hours and then you wouldn't be making a fool of yourself in internet chat rooms saying things like "things happen"! A mind is a terrible thing to waste...just saying...

lol. You, just saying, only show you have no valid arguments. Why not try some, if you can.

I've actually made valid arguments, Daniel! You've given us such gems as "things happen"! I'm still waiting for you to explain why doubling the minimum wage wouldn't result in all other wages also increasing!

So what if they do increase. Labor needs to make more regardless. And, higher paid labor pays more in Taxes and creates more in Demand. Wages merely need to outpace inflation. Surely, that cannot be too difficult to grasp.

Here is some anecdotal evidence that is easy (for the right wing) to grasp:

The company received media attention in 2015 when CEO Dan Price announced that all employees would receive a minimum salary of $70,000.--Gravity Payments - Wikipedia

All employees making that amount Must mean higher paid labor Creates more in Demand and generates more in Taxes.

Higher paid labor creates more demand if they have more disposable income. You've already stated that your plan was to give them more money and then take it away from them by making them pay taxes! So if you take away part of the income that you gave them through taxes and then inflation raises the cost of goods and services...what have you accomplished?

no, he doesn't understand supply and demand or total economics 101. Corporations pay employees wages and pay taxes. raising wages or taxes, either will cause a more expensive product. PERIOD!!!!!!!!

Not only will raising the minimum wage up drastically cause higher prices for goods and services...it will also cost tens of thousands of jobs from the segments of society most at risk for not finding work. Young people who need first jobs. People without job skills. Minorities. What Daniel so blindly thinks will improve the lives of the poor will actually make their lives MUCH worse!

 

[healthmyths]

I know you're not well versed in economic theory, Daniel but on some levels this is pretty easy stuff! Raising the minimum wage has to result in raises across the labor market. People that have skills WILL demand that they be paid for those skills! You know that's true. So if everyone gets a raise then what have you really accomplished for those making minimum wage? You've put more money in their pockets...but that money will be worth less! So what have you REALLY done for them?

So what; I know you are even more clueless and Causeless. Why should anyone care, if wages outpace inflation on an Institutional basis? That is the simplest I can make it for you, right wingers.

Since wages CAUSE inflation it's highly doubtful that they ever CAN outpace inflation! What part of that concept can't you grasp?

Wages are not the Only cost of inflation and cannot be so with minimum wage labor.

I didn't say they were the ONLY cause of inflation! I simply pointed out that large wage increases typically cause inflation. You STILL haven't answered my question! Why the difficulty, Daniel?

So what. Inflation happens Regardless. Wages merely need to outpace inflation on an Institutional basis.

Inflation doesn't just "happen", Daniel! It's caused by things! You don't seem to have a CLUE what those things are! What's worse...you seem to be too lazy to educate yourself so you DO have a clue!

Those Things happen and result in inflation, Regardless.

Wouldn't you feel better about yourself if you actually knew some basic Economic theory, Daniel? It would only take a few hours and then you wouldn't be making a fool of yourself in internet chat rooms saying things like "things happen"! A mind is a terrible thing to waste...just saying...

lol. You, just saying, only show you have no valid arguments. Why not try some, if you can.

I've actually made valid arguments, Daniel! You've given us such gems as "things happen"! I'm still waiting for you to explain why doubling the minimum wage wouldn't result in all other wages also increasing!

So what if they do increase. Labor needs to make more regardless. And, higher paid labor pays more in Taxes and creates more in Demand. Wages merely need to outpace inflation. Surely, that cannot be too difficult to grasp.

Here is some anecdotal evidence that is easy (for the right wing) to grasp:

The company received media attention in 2015 when CEO Dan Price announced that all employees would receive a minimum salary of $70,000.--Gravity Payments - Wikipedia

All employees making that amount Must mean higher paid labor Creates more in Demand and generates more in Taxes.

Higher paid labor creates more demand if they have more disposable income. You've already stated that your plan was to give them more money and then take it away from them by making them pay taxes! So if you take away part of the income that you gave them through taxes and then inflation raises the cost of goods and services...what have you accomplished?

no, he doesn't understand supply and demand or total economics 101. Corporations pay employees wages and pay taxes. raising wages or taxes, either will cause a more expensive product. PERIOD!!!!!!!!

Or the alternative...

 

[jc456]

Not only will raising the minimum wage up drastically cause higher prices for goods and services...it will also cost tens of thousands of jobs from the segments of society most at risk for not finding work. Young people who need first jobs. People without job skills. Minorities. What Daniel so blindly thinks will improve the lives of the poor will actually make their lives MUCH worse!

exactly.

 

[jc456]

I know you're not well versed in economic theory, Daniel but on some levels this is pretty easy stuff! Raising the minimum wage has to result in raises across the labor market. People that have skills WILL demand that they be paid for those skills! You know that's true. So if everyone gets a raise then what have you really accomplished for those making minimum wage? You've put more money in their pockets...but that money will be worth less! So what have you REALLY done for them?

So what; I know you are even more clueless and Causeless. Why should anyone care, if wages outpace inflation on an Institutional basis? That is the simplest I can make it for you, right wingers.

Since wages CAUSE inflation it's highly doubtful that they ever CAN outpace inflation! What part of that concept can't you grasp?

Wages are not the Only cost of inflation and cannot be so with minimum wage labor.

I didn't say they were the ONLY cause of inflation! I simply pointed out that large wage increases typically cause inflation. You STILL haven't answered my question! Why the difficulty, Daniel?

So what. Inflation happens Regardless. Wages merely need to outpace inflation on an Institutional basis.

Inflation doesn't just "happen", Daniel! It's caused by things! You don't seem to have a CLUE what those things are! What's worse...you seem to be too lazy to educate yourself so you DO have a clue!

Those Things happen and result in inflation, Regardless.

Wouldn't you feel better about yourself if you actually knew some basic Economic theory, Daniel? It would only take a few hours and then you wouldn't be making a fool of yourself in internet chat rooms saying things like "things happen"! A mind is a terrible thing to waste...just saying...

lol. You, just saying, only show you have no valid arguments. Why not try some, if you can.

I've actually made valid arguments, Daniel! You've given us such gems as "things happen"! I'm still waiting for you to explain why doubling the minimum wage wouldn't result in all other wages also increasing!

So what if they do increase. Labor needs to make more regardless. And, higher paid labor pays more in Taxes and creates more in Demand. Wages merely need to outpace inflation. Surely, that cannot be too difficult to grasp.

Here is some anecdotal evidence that is easy (for the right wing) to grasp:

The company received media attention in 2015 when CEO Dan Price announced that all employees would receive a minimum salary of $70,000.--Gravity Payments - Wikipedia

All employees making that amount Must mean higher paid labor Creates more in Demand and generates more in Taxes.

Higher paid labor creates more demand if they have more disposable income. You've already stated that your plan was to give them more money and then take it away from them by making them pay taxes! So if you take away part of the income that you gave them through taxes and then inflation raises the cost of goods and services...what have you accomplished?

no, he doesn't understand supply and demand or total economics 101. Corporations pay employees wages and pay taxes. raising wages or taxes, either will cause a more expensive product. PERIOD!!!!!!!!

Or the alternative...
View attachment 379622

and that still contributes to higher prices. there is no win to escalating pricing.

 

[DBA]

The US economy has failed 4 times, under 4 different Republican Presidents, and every single time, right wing economic policies have been the root cause.

You are extremely confused. The 2008 crisis, for example, was a Democratic "feel good" housing discrimination policy gone wild that didn't come to complete fruition until after Clinton had left office. That is typically what happens. The Democrats implement their idiotic temporary policies that last just long enough for a Republican to take office before they explode like they were destined to do in the first place.

Other first world countries got over Covid19, without infecting 10 % of the population and utterly destroying our economies, bankrupting our workers. The US has not.

You do realize it is the lock down that affected the economy, right? You also realize it is the Democrats who continually push for lock downs, right? Biden has said he would be willing to do another one. They are trying to hurt the economy as much as possible pre-election. The economic situation in the US has everything to do with the pandemic. If Biden gets elected and raises taxes, adds more regulation, implements the Green New Deal, etc. our economy will completely crash, of course, the Democrats will then blame Trump when in fact it would be their moronic policies actually causing the problems.

 

[DBA]

Not only will raising the minimum wage up drastically cause higher prices for goods and services...it will also cost tens of thousands of jobs from the segments of society most at risk for not finding work. Young people who need first jobs. People without job skills. Minorities. What Daniel so blindly thinks will improve the lives of the poor will actually make their lives MUCH worse!

exactly.

Yes, much like defunding the police would actually hurt the poor much more than the rich. The Democrats continually shoot themselves in the foot with policies that are not well thought out. They seem to be 1-step thinkers with policies that are born of various and sundry knee jerk reactions to the crisis du jour.

 

[jc456]

Not only will raising the minimum wage up drastically cause higher prices for goods and services...it will also cost tens of thousands of jobs from the segments of society most at risk for not finding work. Young people who need first jobs. People without job skills. Minorities. What Daniel so blindly thinks will improve the lives of the poor will actually make their lives MUCH worse!

exactly.

Yes, much like defunding the police would actually hurt the poor much more than the rich. The Democrats continually shoot themselves in the foot with policies that are not well thought out. They seem to be 1-step thinkers with policies that are born of various and sundry knee jerk reactions to the crisis du jour.

they just hate human beings. abort them before they turn into voting humans. treat them with as little respect as you can to slowly destroy their lives if they do make it out of the womb. if you're black, holy fk! they really love suppressing them. take every opportunity and give to someone else, like Asians and illegals.

 

[healthmyths]

Here's a list of $6 trillion in Joe Biden spending proposals
Climate plan: $1.7 trillion
In this watered-down version of the Green New Deal, Biden aims to get to net-zero carbon emissions by 2050 through a series of regulatory steps and new spending.

Infrastructure plan: $1.3 trillion
Joe Biden has proposed a massive package, including repairing existing infrastructure, investing in green energy, electric car subsidies, and high-speed rail. Much of it recycles ideas from Obama’s economic stimulus package.

Healthcare plan: $750 billion
Biden wants to expand Obamacare significantly by increasing its subsidies and creating a government-run plan that would erode private insurance over time.

Preschool and K-12 plan: $750 billion*
The plan would triple Title I funding for public schools, increase teachers' salaries, and provide universal pre-K.
*This is based on an estimate by the Committee for a Responsible Federal Budget, which found the education proposal would cost $850 billion. But $100 billion of that included investments in public school buildings already included in the infrastructure plan.

Post high school education plan: $750 billion
This would provide free two-year community college or training, increase student aid, and provide targeted loan forgiveness.

Housing plan: $640 billion
This plan would involve providing housing assistance to subsidize buying or renting homes and provide funding to build more affordable housing.

Combating opioid epidemic: $125 billion

So how much additional revenue will be generated by taxing anyone making over $400,000 a year.

Thankfully, even though individuals in this bracket are few and far between, the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.

Who Actually Earns $400,000 Per Year?

So this means about $60 billion a year !

Does it add up???

Do you have links to the numbers you have posted as cost estimates?? Or are these cost numbers made up by you? If so, how did you come bt them?

Also, your article link on who earns $400k, is about 10 years old...well 9 years old... surely the numbers have changed?

I'm sorry I usually have links to the statements that I copied. Here is the link for the above list

Here’s a list of $6 trillion in Joe Biden spending proposals - Washington Examiner

Throughout the Democratic presidential race, Joe Biden has been described as a leading "moderate" within the party. But the truth is that Biden is only moderate when compared with Sen. Bernie Sanders and those candidates who embraced key aspects of a socialist agenda that will cost tens of...

www.washingtonexaminer.com

Also I found the tax return information at this site:

Summary of the Latest Federal Income Tax Data, 2020 Update

The top 1 percent of taxpayers pay a 26.8 percent average individual income tax rate, which is more than six times higher than taxpayers in the bottom 50 percent (4.0 percent).

taxfoundation.org

The top 5% or 7,164,758 tax returns on gross income of $3.995 Trillion on an average of $557,595
Using Biden's rule taxpayers that earn more than $400,000 earners will pay the $60 Billion a year..
Based on the below This new revenue of $60 billion will come by having these 7,164,758 pay about 30% in taxes.

 

[Dragonlady]

I know you're not well versed in economic theory, Daniel but on some levels this is pretty easy stuff! Raising the minimum wage has to result in raises across the labor market. People that have skills WILL demand that they be paid for those skills! You know that's true. So if everyone gets a raise then what have you really accomplished for those making minimum wage? You've put more money in their pockets...but that money will be worth less! So what have you REALLY done for them?

So what; I know you are even more clueless and Causeless. Why should anyone care, if wages outpace inflation on an Institutional basis? That is the simplest I can make it for you, right wingers.

Since wages CAUSE inflation it's highly doubtful that they ever CAN outpace inflation! What part of that concept can't you grasp?

Wages are not the Only cost of inflation and cannot be so with minimum wage labor.

I didn't say they were the ONLY cause of inflation! I simply pointed out that large wage increases typically cause inflation. You STILL haven't answered my question! Why the difficulty, Daniel?

So what. Inflation happens Regardless. Wages merely need to outpace inflation on an Institutional basis.

Inflation doesn't just "happen", Daniel! It's caused by things! You don't seem to have a CLUE what those things are! What's worse...you seem to be too lazy to educate yourself so you DO have a clue!

Well clearly you don’t have a clue. All you’ve done a try to muddy the waters with vague insinuations that you studied economics with little proof that you actually learned anything. So far, you posted nothing but Republican Party talking points about “liberal economies” which ignore all of the successful liberal economies and focuses on places like Venezuela and Greece instead of Norway, New Zealand or Canada.

 

[danielpalos]

I know you're not well versed in economic theory, Daniel but on some levels this is pretty easy stuff! Raising the minimum wage has to result in raises across the labor market. People that have skills WILL demand that they be paid for those skills! You know that's true. So if everyone gets a raise then what have you really accomplished for those making minimum wage? You've put more money in their pockets...but that money will be worth less! So what have you REALLY done for them?

So what; I know you are even more clueless and Causeless. Why should anyone care, if wages outpace inflation on an Institutional basis? That is the simplest I can make it for you, right wingers.

Since wages CAUSE inflation it's highly doubtful that they ever CAN outpace inflation! What part of that concept can't you grasp?

Wages are not the Only cost of inflation and cannot be so with minimum wage labor.

I didn't say they were the ONLY cause of inflation! I simply pointed out that large wage increases typically cause inflation. You STILL haven't answered my question! Why the difficulty, Daniel?

So what. Inflation happens Regardless. Wages merely need to outpace inflation on an Institutional basis.

Inflation doesn't just "happen", Daniel! It's caused by things! You don't seem to have a CLUE what those things are! What's worse...you seem to be too lazy to educate yourself so you DO have a clue!

Those Things happen and result in inflation, Regardless.

Wouldn't you feel better about yourself if you actually knew some basic Economic theory, Daniel? It would only take a few hours and then you wouldn't be making a fool of yourself in internet chat rooms saying things like "things happen"! A mind is a terrible thing to waste...just saying...

lol. You, just saying, only show you have no valid arguments. Why not try some, if you can.

I've actually made valid arguments, Daniel! You've given us such gems as "things happen"! I'm still waiting for you to explain why doubling the minimum wage wouldn't result in all other wages also increasing!

So what if they do increase. Labor needs to make more regardless. And, higher paid labor pays more in Taxes and creates more in Demand. Wages merely need to outpace inflation. Surely, that cannot be too difficult to grasp.

Here is some anecdotal evidence that is easy (for the right wing) to grasp:

The company received media attention in 2015 when CEO Dan Price announced that all employees would receive a minimum salary of $70,000.--Gravity Payments - Wikipedia

All employees making that amount Must mean higher paid labor Creates more in Demand and generates more in Taxes.

Oh, Daniel...if I have to keep educating you like this I think you should start paying tuition!
One of the things that also causes inflation is people having more disposable income. That increases inflation as well. It's a common sense thing...you just need to start using yours!

And I'm STILL waiting to hear you explain how you're going to raise the minimum wage and not have all wages go up as well! Think you'll provide that answer at some point?

I already told you before; business will adjust by optimizing and automating. And, so what if all wages go up. Wages need to outpace inflation on an Institutional basis.

 

[Nostra]

I know you're not well versed in economic theory, Daniel but on some levels this is pretty easy stuff! Raising the minimum wage has to result in raises across the labor market. People that have skills WILL demand that they be paid for those skills! You know that's true. So if everyone gets a raise then what have you really accomplished for those making minimum wage? You've put more money in their pockets...but that money will be worth less! So what have you REALLY done for them?

So what; I know you are even more clueless and Causeless. Why should anyone care, if wages outpace inflation on an Institutional basis? That is the simplest I can make it for you, right wingers.

Since wages CAUSE inflation it's highly doubtful that they ever CAN outpace inflation! What part of that concept can't you grasp?

Wages are not the Only cost of inflation and cannot be so with minimum wage labor.

I didn't say they were the ONLY cause of inflation! I simply pointed out that large wage increases typically cause inflation. You STILL haven't answered my question! Why the difficulty, Daniel?

So what. Inflation happens Regardless. Wages merely need to outpace inflation on an Institutional basis.

Inflation doesn't just "happen", Daniel! It's caused by things! You don't seem to have a CLUE what those things are! What's worse...you seem to be too lazy to educate yourself so you DO have a clue!

Those Things happen and result in inflation, Regardless.

Wouldn't you feel better about yourself if you actually knew some basic Economic theory, Daniel? It would only take a few hours and then you wouldn't be making a fool of yourself in internet chat rooms saying things like "things happen"! A mind is a terrible thing to waste...just saying...

lol. You, just saying, only show you have no valid arguments. Why not try some, if you can.

I've actually made valid arguments, Daniel! You've given us such gems as "things happen"! I'm still waiting for you to explain why doubling the minimum wage wouldn't result in all other wages also increasing!

So what if they do increase. Labor needs to make more regardless. And, higher paid labor pays more in Taxes and creates more in Demand. Wages merely need to outpace inflation. Surely, that cannot be too difficult to grasp.

Here is some anecdotal evidence that is easy (for the right wing) to grasp:

The company received media attention in 2015 when CEO Dan Price announced that all employees would receive a minimum salary of $70,000.--Gravity Payments - Wikipedia

All employees making that amount Must mean higher paid labor Creates more in Demand and generates more in Taxes.

Oh, Daniel...if I have to keep educating you like this I think you should start paying tuition!
One of the things that also causes inflation is people having more disposable income. That increases inflation as well. It's a common sense thing...you just need to start using yours!

And I'm STILL waiting to hear you explain how you're going to raise the minimum wage and not have all wages go up as well! Think you'll provide that answer at some point?

I already told you before; business will adjust by optimizing and automating. And, so what if all wages go up. Wages need to outpace inflation on an Institutional basis.

So, you are going to help those making minimum wage by raising it and causing the business to eliminate their job in favor of automation.

BRILLIANT!