James Pethokoukis demolishes the idea that Hillary’s soak the rich tax plan can pay for the half of HillaryCare 2.0 that she plans:
…it seems that the $50 billion or so in new tax revenue (assuming a static analysis that ignores any ill effects on growth from the tax hike) that Clinton is counting on is also being eyed by other some other Democrats for their pet projects.
So, we can expect the burden to fall much more broadly than she claims. She’ll have to cover that shortfall somehow, probably by enacting the sort of non-price rationing prevalent in Britain, Canada and every other country with socialized medicine and modern medical care.
Except that she may already be planning on exactly that sort of thing to pay the other half. Hillary claims that half of the $110 billion. year cost will come from “cost savings/modernization”. Of course, the only way that these cost savings can pay for anything is if they are in addition to the cost savings and modernization that would happen without her plan. In other words, we have to believe that involving the government, adding bureaucracy, injecting additional money into the system and removing meaningful incentive to cut costs will make things cheaper. Hillary wants us to believe that there is such a thing as a free lunch. If you buy that one, I’ve got some oceanfront property in Arizona I’d like to sell you and I’ll throw in a Bridge to Nowhere free.
Who will pay for Hillary’s healthcare pipe dreams? Whether it’s through higher taxes, worse care, nonexistent care or lower economic growth – you will.
[tags]HillaryCare,Hillary Clinton,health care[/tags]